Benqi Staked Avax

BENQI Liquid Staking issues sAVAX, the largest LST on Avalanche. AVAX deposited into the protocol is staked across Avalanche validators selected by BENQI’s delegation logic; sAVAX is a non-rebasing token whose exchange rate appreciates with staking rewards.

BENQI’s broader product line also includes the BENQI Markets lending protocol on Avalanche; QI is the governance token across both products.