BENQI Liquid Staked AVAXSAVAX
Convert SAVAX to your currency
Last Updated on Sep 28, 2025 09:35 AM
What is BENQI Liquid Staked AVAX?
About the coin
BENQI Liquid Staking is a pioneering protocol on the Avalanche network, designed to enhance the utility of AVAX tokens. By staking AVAX with BENQI, users receive sAVAX, a liquid and interest-bearing version of AVAX. This innovation allows participants to earn rewards for securing the Avalanche network while simultaneously engaging in decentralized finance (DeFi) activities.
Main features
The primary feature of BENQI Liquid Staking is its ability to provide liquidity to staked AVAX. Users can stake their AVAX tokens and receive sAVAX in return, which can be utilized across various DeFi platforms. This dual earning potential makes BENQI Liquid Staking an attractive option for those looking to maximize their returns on the Avalanche network.
How it works
The process begins with users staking their AVAX tokens through the BENQI platform. In return, they receive sAVAX, which represents their staked AVAX and accrues interest over time. This sAVAX can be used in DeFi applications, allowing users to earn additional rewards while their original AVAX stake continues to generate network security rewards. This dual functionality is a key advantage of BENQI Liquid Staking, offering both liquidity and earning potential.
Wallet for BENQI Liquid Staked AVAX
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for BENQI Liquid Staked AVAX
- Avalanche
Metrics
Price performance
Another
Links
Official links
Social
BENQI Liquid Staked AVAX FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- About BENQIThe protocol enables users to effortlessly lend, borrow, and earn interest with their digital assets. Depositors providing liquidity to the protocol may earn passive income, while borrowers are able to borrow in an over-collateralized manner.
How to secure BENQI Liquid Staked AVAX with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
Get Tangem
Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose BENQI Liquid Staked AVAX wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
Stay connected.
Don’t miss out on our progress and latest updates. Have an impact — join our community today!
