What is Benqi Liquid Staked Avax

Article Summary, Automatically Generated By AI

Summary

  • BENQI Liquid Staking is the first liquid staking protocol for Avalanche.
  • Users stake AVAX with BENQI and receive sAVAX, an interest-bearing version of AVAX.
  • Benefits: earn rewards for securing the Avalanche network and from DeFi.

Introducing BENQI Liquid Staked AVAX: Unlocking the Potential of Staked Assets

BENQI Liquid Staking pioneers the first-ever liquid staking protocol on Avalanche, empowering users to stake AVAX and receive sAVAX, an interest-accruing variant of AVAX. This innovative approach enables users to reap the rewards of securing the Avalanche network while simultaneously benefiting from the vast opportunities presented by the DeFi ecosystem.

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