Benqi review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Benqi is a non-custodial liquid staking venue built around AVAX, and its 15-day unlock period tells you how long funds stay tied up. It suits holders already committed to that asset and comfortable with community-only support, at a time when earn yields sit around 7%.
Pros and cons
Pros
- Custody is non custodial, the minority model in this category, with only 7.1% of the earn products here built this way.
- The product is built on liquid staking, a feature just 28.4% of the earn products here carry.
- Tight scope: AVAX is the whole catalogue, so the staking terms and the 15-day unlock period are simple to read before you deposit.
Cons
- Support runs on community only, with no faster route for an urgent question.
- The catalogue is AVAX and nothing else, so there is no second coin to spread a position across.
- Exits are not instant, because a 15-day unlock period applies to the staked position.
Who it suits
- AVAX holders who want to stake and keep liquid staking exposure without a company holding the balance.
- People who can wait out a 15-day unlock period and do not need the funds at short notice.
- Self-custody minded users who are happy with community support and reading protocol terms.
Who should look elsewhere
- Bit2Me, if you want a broader earn list: BTC, ETH and B2M rather than AVAX.
- bunq Crypto Spain, if you would rather choose from a long staking menu: TAO, ADA and TIA.
- VaultLeap, if a liquid staking token is the wrong exposure, since its list reads USDC.
How Benqi compares
Frequently asked questions
What is Benqi and how does it work?+
Benqi is a liquid staking product, so staking does not mean handing the position to a fixed-term deposit product. The scope is narrow: the supported asset list is AVAX, and the exit path runs through a 15-day unlock period. Custody is non custodial, the minority setup in this category.
Which coins can I earn on?+
The supported asset list is AVAX, and that is the whole earn catalogue. Check the assets before opening anything if you hold a broader bag. For comparison, BTC, ETH and B2M covers a much longer list and TAO, ADA and TIA covers another wide set of staking coins.
How long are my funds tied up?+
The unlock period is 15-day unlock period, which sets how quickly the staked position turns back into spendable assets. That is the main timing constraint for a liquid staking setup on a single asset, AVAX. Anyone needing funds at short notice should weigh that wait first.
Who holds the funds I stake?+
Custody is non custodial, so the staked position is not held as a company balance. Only 7.1% of the earn products on this site are self-custody, against 53.2% custodial ones. Reading the protocol terms counts as part of the decision.
What support do I get?+
Support runs on community only, so questions go to the wider user base rather than a direct line. In this category 83.2% of earn products add a help centre and 49.6% add email, which are not part of the community offered here.
How does the yield compare with other earn products?+
Across earn products the median yield is 7%, with a lower quartile of 4.66% and an upper quartile of 14%. Treat those as the benchmark for any AVAX liquid staking return, and weigh them against the 15-day unlock period before reading a headline figure as income.
Who should pick a different earn account?+
If you want more than AVAX, the choice sits elsewhere. BTC, ETH and B2M covers a longer list, TAO, ADA and TIA covers a broad staking menu, and USDC takes a different asset entirely. Benqi fits AVAX holders who accept the 15-day unlock period and want non custodial custody.
Sources
- benqi.fi checked September 26, 2026
Backs: Supported assets, Features, Support channels
“Stake AVAX to receive sAVAX and earn AVAX yield”
- docs.benqi.fi/benqi-liquid-staking/overview.md checked September 26, 2026
Backs: Custody, Lock-up terms
“allowing users to stake AVAX directly on the C-Chain”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Yield.