BENQI combines liquid staking with an algorithmic liquidity market protocol on Avalanche.
Benqi Lending
BENQI lets users stake AVAX for sAVAX and access lending, borrowing, and liquid staking services on Avalanche.
About Benqi Lending
BENQI provides liquid staking and lending and borrowing services on Avalanche. Users can stake AVAX to receive sAVAX, a yield-bearing token that earns AVAX yield while staying liquid.
sAVAX can be used as collateral, in DEX pools, or across DeFi. Users can also supply crypto assets to earn interest and QI rewards or borrow against holdings without intermediaries, and access validator options including launching a validator and voting with Miles for AVAX delegation rewards.
Key features
- Stake AVAX to receive sAVAX, a yield-bearing liquid token
- Use sAVAX as collateral, in DEX pools, or across DeFi
- Supply crypto assets to earn interest and QI rewards
- Borrow against crypto portfolio without intermediaries
- Run Avalanche validator starting from 8 AVAX per week
- Use Miles to vote for validator and earn AVAX rewards
Best for: Best for Avalanche users who hold AVAX and want liquid staking alongside lending and borrowing options.
Good for
- sAVAX earns AVAX yield while remaining usable in DeFi
- Supply assets to earn interest and QI rewards, or borrow without intermediaries
- Validator access starts from 8 AVAX per week without locking 2,000 AVAX upfront
Benqi Lending at a glance
- Website
- benqi.fi
- Category
- Crypto & Blockchain › DeFi Staking & Yield
- Type
- Website
- Pricing
- Not confirmed. Check the site
- Platforms
- Web
- Open source
- Not stated
- Language
- English
- Last checked
- Oct 6, 2026 · Online when checked
- Listed
- Oct 5, 2026
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Benqi Lending FAQ
What do I receive when I stake AVAX?
You receive sAVAX, a yield-bearing token that grows in value while staying liquid.
What can I do with sAVAX?
You can use it as collateral, in DEX pools, or across DeFi.
How does lending and borrowing work?
You can supply crypto assets to earn interest and QI rewards, or borrow against your holdings without intermediaries.
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