Getting Started
This page serves as a comprehensive overview of our application, making it easy for anyone to get started. We will break this page down into three distinct sections:
Staking & Unstaking: A guide on how to get started.
Key Metrics & Information: How to interpret additional information on the web page.
Claiming AVAX: How to receive your staking rewards.
As a reminder, when you submit an unstake request, there’s a 15-day waiting period before you can claim your AVAX, during which rewards continue to accrue. After the 15-day period, your AVAX will be claimable with a 2-day window to redeem it.
To access the application visit: https://staking.benqi.fi/stake
1. Staking & Unstaking
Once you have gone to our application's main page, you will see an overview of your current AVAX and sAVAX balances, the current APR for sAVAX, and where to provide your desired transaction details (e.g. how much you wish to stake).
To Stake:
Connect your wallet & input the desired amount of AVAX to be staked
Click
Stakeand receive AVAX in the same wallet
To Unstake:
Connect your wallet & input the desired amount of sAVAX to be unstaked
Click on
Unstakeand your AVAX will be claimable after 15 days
2. Key Metrics & Information
This section is for lower down on the page, where there is other information, including:
Claim AVAX: Where you can claim your AVAX rewards.
sAVAX APR: The current rate.
Key Metrics:
APR expressed in AVAX
sAVAX Market Cap
Total AVAX Staked
Number of Unique Stakers
Cooldown Period: A reminder of the 15-day unstaking period.
Redemption Period: A reminder of the 2-day window after the cooldown period for claiming unstaked AVAX.
3. Claiming AVAX
Although rewards are automatically accrued, to unstake your sAVAX, you must wait for 15 days.
On the main page, there is a Claim section where you can claim your AVAX if applicable. Once this time is up, you will have 2 days to withdraw.
We recommend setting an alert, such as in your Calendar, to avoid missing this 2-day period.
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