CN2
Loading chart...
BENQI Liquid Staked AVAX Overview
Circulating Supply
20.01M SAVAX
BENQI Liquid Staked AVAX News
CN2
Loading news...
About BENQI Liquid Staked AVAX
BENQI Liquid Staked AVAX (sAVAX) is a token representing staked AVAX on the Avalanche network, issued by the BENQI protocol. It enables users to earn staking rewards while maintaining liquidity, as sAVAX can be utilized across various DeFi platforms for lending, borrowing, and liquidity provision. The protocol is governed by its community through the BENQI Governance Token (QI), ensuring decentralized management and decision-making.
sAVAX serves multiple functions within the Avalanche decentralized finance (DeFi) ecosystem:
Staking Rewards: sAVAX accrues staking rewards automatically, reflecting the yield generated from the underlying staked AVAX.
DeFi Integration: sAVAX can be utilized across various DeFi platforms for activities such as lending, borrowing, and providing liquidity. For instance, users can supply sAVAX to lending protocols to earn additional yield or use it as collateral to borrow other assets.
Liquidity Provision: sAVAX can be paired with other tokens in liquidity pools on decentralized exchanges, facilitating trading and earning fees.
sAVAX is a product of BENQI, a decentralized finance protocol launched in 2021 on the Avalanche network. BENQI was co-founded by Dan Mgbor and focuses on providing DeFi services such as lending, borrowing, and liquid staking. The protocol is governed by its community through the BENQI Governance Token (QI), enabling decentralized decision-making and protocol upgrades.
BENQI Liquid Staked AVAX Markets
CN2
Loading markets...
BENQI Liquid Staked AVAX Platforms
CN2
Loading platforms...
