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BENQI Liquid Staking is the inaugural liquid staking protocol on Avalanche. By staking AVAX with BENQI, users can earn sAVAX, an interest-bearing version of AVAX. This enables users to accumulate rewards from securing the Avalanche network and participating in the realm of DeFi.
Issue Time
1970/01/01
Initial Price
US $ 10.00791862
Circulation/Max
0/
Dominance
0.00%
ROI --%
Information
What is BENQI and how does it work?
BENQI is a Decentralized Finance (DeFi) liquidity market protocol, built on Avalanche.
BENQI Liquid Staked AVAX, sAVAX is the token that users receive when staking their AVAX on BLS. It is the tokenized version of staked AVAX and accrues interest through Avalanche staking rewards.
Users stake AVAX with BENQI, and receive sAVAX, an interest-bearing version of AVAX.
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