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How to Stake Wanchain (WAN) on BENQI

BENQI may not directly support WAN staking, but you can still use BENQI to buy WAN and transfer it for staking.

Current APY

12.0%

Price

$0.0572

Platform Fee

10%

Platform Type

liquid

Start Staking WAN on BENQI

BENQI gives you full control of your assets.

Stake WAN on BENQI →

Step-by-Step: Stake WAN on BENQI

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports Wanchain's network.

2

Acquire WAN

Buy WAN from an exchange and transfer it to your wallet, or swap for it using a DEX.

3

Visit BENQI

Go to BENQI's staking interface and connect your wallet.

4

Stake and receive liquid tokens

Enter your WAN amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

5

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

BENQI for WAN Staking: Pros & Cons

Pros

  • + Avalanche-native — no bridge risk
  • + sAVAX usable in Trader Joe, GMX, and other Avalanche DeFi
  • + Integrated lending market (Qi Protocol)
  • + No minimum stake

Cons

  • - Avalanche-only
  • - Smart contract risk
  • - Lower TVL than Ethereum liquid staking protocols

FAQ: WAN Staking on BENQI

What APY can I earn staking WAN on BENQI?
The current estimated APY for WAN staking is around 12.0%. Actual rates vary based on network conditions, validator performance, and BENQI's fee structure (10% of staking rewards).
Is staking WAN on BENQI safe?
BENQI is a non-custodial protocol with a high risk profile for WAN staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake WAN from BENQI?
Unstaking times depend on the network: Flexible (sAVAX is liquid). During the unstaking period, your WAN won't earn rewards.
What fees does BENQI charge for WAN staking?
BENQI charges 10% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake WAN on other platforms?
Yes! You can compare all available platforms for WAN staking on our How to Stake Wanchain guide. Different platforms offer different APY rates, fees, and custody models.