Pool profile
Altcoins
Pool ID
Benqi AVAX Staking
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Yield
info
5.3%
Think of yield as a type of dividend you earn, separately from asset performance.
Exposure
AVAX
100%
The yield you earn and your initial investment are exposed to the performance of these assets.
Risk
Low risk
Low risk of losing your investment with good security or risk management practices in place.
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Overview
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Investment overview
Full report
Our take
This opportunity works well for investors who want long exposure to AVAX while remaining liquid. Keep in mind, AVAX's price will impact your earnings, in addition to this pool's performance.
Assets
By investing in this opportunity, your asset exposure is directly to AVAX on the Avalanche blockchain.
Yield source
Your yield comes from helping validate blockchain transactions on Avalanche by staking your funds. Every transaction on the blockchain incurs a fee. This fee is paid out to depositors for providing funds. Your yield will fluctuate based on transaction volume.
Risk perspective
Risks include minimal smart contract audits (only one, below industry standard) and low decentralization (their team still has control over major changes and upgrades).
Provider
Benqi Liquid Staking
Chain
Avalanche
Contract address
0x2b2C81e08f1Af8835a78Bb2A90AE924ACE0eA4bE
Yield5.3%
30d APY
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Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.
One year scenario
Asset valuesunchanged
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Investment
10,000 USDC
Yield rate
5.30% annualized
One year outcome
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Yield
You earned yield on your assets
530
block
Asset
Your asset prices stayed the same
0
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Total
Your return is net positive
530