In this tutorial we’ll show you how to supply liquid staked AVAX (sAVAX) to the Benqi protocol to earn QI tokens.
KOINLY DISCOUNT LINK mentioned in the video. It’s an excellent way to keep track of your crypto transactions.
What do you do with liquid staked AVAX (sAVAX)?
Benqi is the original and most widely used AVAX liquid staking protocol. The protocol also enables you to supply other assets, like WBTC, USDC, and USDT to earn Benqi’s native QI tokens.
Additionally, QI tokens can be earned by supplying your liquid staked sAVAX back to Benqi.
You can generate yield by depositing AVAX, receiving sAVAX in return, and then supplying your sAVAX back to Benqi.
What do you do with your QI tokens?
You can stake them to earn more QI. Plus, QI stakers can vote for their favorite validators to boost their AVAX staking yield.
Atlas Staking AVAX Node ID
If you stake AVAX we’d love to have you as a staking partner. Additionally, if you have staked your QI tokens, please vote for our Node ID: MmTfUacXsPdKryR3WkVteMqoFvyxEdYf4
This video will answer these common questions we see online:
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,
how to connect Metamask wallet to Benqi,
how to connect Core wallet to Benqi,
what is the best wallet to stake Avalanche,
how much do you get for staking AVAX,
is liquid staking taxable,
liquid staking and lending on Avalanche,
Lending liquid staked AVAX (sAVAX) tokens back to the Benqi platform can be a great way to earn additional yield on your crypto portfolio.
You can earn passive income and also stake KAVA, BAND, POL, SEDA, NOM, ETH through Stader, XRD, and STRD with Atlas Staking. More networks are on the way!
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Other tutorials to check out
How to Liquid Stake AVAX Using Metamask Wallet
How to Liquid Stake AVAX Using Core Wallet
Stake Benqi’s QI Tokens and earn veQI
Stake KAVA Using Keplr
Stake KAVA Using Cosmostation
Stake KAVA Using Trust Wallet
Stake KAVA Using Leap Wallet
Stake SEDA Tokens Using Keplr Wallet
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.
