Here’s the KOINLY DISCOUNT LINK mentioned in the video.
For a complete description of staking QI tokens with screenshots, valuable links and FAQs please read this on our blog.
In this tutorial we’ll show you how to stake your Benqi QI tokens, receive veQI as your receipt, then vote to boost your favorite AVAX validator’s staking yield using your veQI.
AVAX liquid staking explained!
Benqi liquid staked AVAX staking is a great strategy for those who want to earn AVAX rewards, but also maintain full liquidity. sAVAX is a tradeable receipt of AVAX locked through Benqi, the most popular liquid staking protocol for Avalanche.
When sAVAX is lent back to the Benqi platform you earn QI tokens. Those QI tokens can be staked to earn more QI tokens. QI stakers receive veQI as their staking receipt. The veQI tokens can be used to vote for your favorite AVAX validators. Your vote boosts the AVAX staking yield for those who delegate to the validators you vote for.
Here’s a step-by-step QI staking tutorial
We assume you already have QI tokens, as this is the fourth and final article in the AVAX liquid staking series.
If you don’t have QI tokens yet, check out the previous articles
Core wallet AVAX liquid staking tutorial
Metamask AVAX liquid staking tutorial
Supply sAVAX to Benqi to earn QI tokens
KEY TAKEAWAYS
1. Connect your wallet to the Benqi platform
2. Enter the number of QI tokens you would like to stake and then click “Approve”
3. Approve the QI token for transfer in your wallet
4. Click the “Stake” button
5. If necessary, click “Confirm” in your wallet
6. Close the popup indicating that the transaction was successful
7. This will take you back to the QI staking page. Now, Click “Vote”
8. Enter Atlas Staking’s Node ID: MmTfUacXsPdKryR3WkVteMqoFvyxEdYf4 9. Check the box next to our Node ID and then click “Vote”
10. Enter “100%” and then click “Vote”
11. Approve the transaction in your wallet
This 4-part video series answers these common questions about liquid staking and lending on Avalanche
What is the point of liquid staking?
Is liquid staking risky?
Does liquid staking AVAX on Benqi have any disadvantages?
Is there AVAX liquid staking?
How to liquid stake Avalanche AVAX tokens?
What is Benqi?
Is Benqi liquid staking?
How to stake AVAX on Benqi?
How does Benqi liquid staking work?
Which assets does Benqi liquid staking support?
What do users get in return when they stake AVAX on Benqi?
What are sAVAX tokens?
What are QI tokens?
Can you stake QI tokens?
Should I stake my QI tokens?
Why stake QI tokens?
How to connect Metamask wallet to Benqi?
What is the best wallet to stake Avalanche?
How much do you get for staking AVAX?
Is liquid staking taxable?
You can earn passive income and also stake KAVA, BAND, MATIC/POL, SEDA, NOM, ETH through Stader, XRD, and STRD with Atlas Staking.
Other tutorials to check out
How to stake KAVA using Keplr
How to stake KAVA using Cosmostation
How to stake KAVA using Leap Wallet
How to stake KAVA using Trust Wallet
Stake SEDA tokens using Keplr
More networks are on the way!
Learn more about Atlas Staking on our website and blog.
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Nothing we say is financial advice or a recommendation to buy or sell anything. Cryptocurrency is a highly speculative asset class. Staking crypto tokens carries additional risks, including but not limited to smart-contract exploitation, poor validator performance or slashing, token price volatility, loss or theft, lockup periods, and illiquidity. Past performance is not indicative of future results. Never invest more than you can afford to lose. Additionally, the information contained in our articles, social media posts, emails, and on our website is not intended as, and shall not be understood or construed as financial advice. We are not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The information contained in our articles, social media posts, emails, and on our website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided in our articles, social media posts, emails, and the resources on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available in our articles, social media posts, website, or emails should be understood as a recommendation to buy or sell anything and make any investment or financial decisions without consulting with a financial professional to address your particular situation. Atlas Staking expressly recommends that you seek advice from a professional. Neither Atlas Staking nor any of its employees or owners shall be held liable or responsible for any errors or omissions in our articles, in our social media posts, in our emails, or on our website, or for any damage or financial losses you may suffer. The decisions you make belong to you and you only, so always Do Your Own Research.
