$30.96
-6.85%
$30.60
24h Range
$33.95
Market Cap
$233,209,966.0
Fully Diluted Valuation
$232,782,565.1
24 Hour Trading Vol
$6,536,857.0
Circulating Supply
7,518,816.7
Total Supply
7,518,816.7
Max Supply
∞
BENQI Liquid Staked AVAX Price
$30.96
24h Range
$30.60 - $33.95
Percent Change 1h
-2.8%
Percent Change 24h
-6.85%
Percent Change 7d
-20.25%
All-time high
$103.55
All-time low
$9.25
1D
7D
1M
1Y
All
BENQI Liquid Staked AVAX (SAVAX) is a digital asset that represents staked Avalanche (AVAX) tokens within the BENQI protocol. It allows users to stake their AVAX tokens while still retaining liquidity, enabling them to earn staking rewards without sacrificing the ability to trade or utilize their assets. SAVAX is an ERC-20 token that provides holders with a way to access DeFi applications and services while their underlying AVAX is staked on the Avalanche network. As of early 2024, SAVAX has gained significant traction, highlighting the growing trend of liquid staking in the decentralized finance ecosystem.
BENQI was founded by a team of blockchain and finance professionals, including key figures like Qadir Ak and his co-founders who have extensive experience in both traditional finance and blockchain technology. The BENQI team has a strong background in DeFi, having previously contributed to various successful projects in the space. This expertise has allowed them to build a robust platform that integrates liquidity and staking efficiently on the Avalanche network.
BENQI Liquid Staked AVAX operates on a dual-token model. When users stake their AVAX tokens on the BENQI platform, they receive SAVAX tokens in return. These SAVAX tokens represent their staked assets and can be freely traded or used in other DeFi protocols. The staking process involves the following steps:
This mechanism ensures that users benefit from both staking rewards and the liquidity provided by SAVAX, making it a compelling option for investors looking to maximize their returns in the DeFi ecosystem.
BENQI Liquid Staked AVAX has various use cases that enhance its utility in the DeFi landscape, including:
These use cases drive demand for SAVAX, contributing to its growing adoption and integration across various DeFi platforms.
To ensure the safety of your BENQI Liquid Staked AVAX (SAVAX), consider the following security practices:
By following these practices, users can significantly reduce their risk exposure while engaging with BENQI Liquid Staked AVAX.
Investing in BENQI Liquid Staked AVAX (SAVAX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy BENQI Liquid Staked AVAX: Once your account is funded, you can purchase BENQI Liquid Staked AVAX directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in BENQI Liquid Staked AVAX using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
BENQI Liquid Staked AVAX (SAVAX) is currently trading at $30.96 and exhibits good potential for future growth. Check the latest BENQI Liquid Staked AVAX (SAVAX) price prediction.
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