BENQI Liquid Staked AVAX Price
SAVAX
How Much is 1 BENQI Liquid Staked AVAX (SAVAX)
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Last Updated on Dec 27, 2025 03:55 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
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Tangem supports networks for BENQI Liquid Staked AVAX
- Avalanche
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BENQI Liquid Staked AVAX FAQ
- BENQI Liquid Staked AVAX is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Its main advantages include speed, accessibility, and compatibility with decentralized tools. The network is optimized to handle different types of operations.
- Yes, both names point to the same token. SAVAX is just the shorthand symbol used for market and wallet displays.
- You can buy BENQI Liquid Staked AVAX using on-ramp services available in Tangem Wallet or exchanges. After purchasing on an exchange, you can transfer it to your Tangem Wallet.
- The safest option is to use a hardware wallet that keeps your private keys offline. Tangem provides secure cold storage protection.
- 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?
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Why choose BENQI Liquid Staked AVAX wallet with Tangem.
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