🏔️
Live dataMedium riskLiquid Staking Protocol
BENQI Staking Review
Avalanche's leading liquid staking and lending protocol
4.0/5
Avg APY
8.0%
TVL
$0.4B
Min Stake
0 AVAX
Founded
2021
Quick facts
TypeLiquid Staking Protocol
CustodyNon-custodial
Fees10% of staking rewards
Lock periodFlexible (sAVAX is liquid)
Insurance❌ No
Audited✅ Full audit
HQDecentralized
Overview
About BENQI
BENQI is an Avalanche-native DeFi protocol offering liquid staking (sAVAX), lending, and yield products. sAVAX is widely integrated across the Avalanche DeFi ecosystem.
Pros & Cons
Is BENQI right for you?
✅ What we like
- •Avalanche-native — no bridge risk
- •sAVAX usable in Trader Joe, GMX, and other Avalanche DeFi
- •Integrated lending market (Qi Protocol)
- •No minimum stake
⚠️ Watch out for
- •Avalanche-only
- •Smart contract risk
- •Lower TVL than Ethereum liquid staking protocols
Supported assets
What can you stake on BENQI?
Step by step
How to stake on BENQI
1
Set up an Avalanche wallet
Use Core Wallet or MetaMask configured for the Avalanche C-Chain.
2
Get AVAX
Buy AVAX on Coinbase, Binance, or Kraken and transfer to your wallet.
3
Visit app.benqi.fi/liquid-staking
Connect your wallet and stake AVAX to receive sAVAX.
4
Use sAVAX in the Avalanche DeFi ecosystem
Deploy sAVAX as collateral in lending markets or liquidity pools for additional yield.
FAQ
BENQI staking — common questions
What is sAVAX?
sAVAX is BENQI's liquid staking token for Avalanche. It increases in value relative to AVAX as staking rewards accumulate.
Compare