sAVAX
BENQI Staked AVAX (sAVAX)
BENQI Staked AVAX, sAVAX is the token that users receive when staking their AVAX on BENQI Liquid Staking. It is the tokenized version of staked AVAX and accrues interest through Avalanche staking rewards.
Users are able to exchange sAVAX for AVAX + staking rewards through the
Unstake tab in the BLS app.The price of sAVAX increases relative to the amount of total AVAX staked (including accrued AVAX rewards) in the pool.
sAVAX Price =
total AVAX staked / total sAVAX minted * AVAX price0x2b2C81e08f1Af8835a78Bb2A90AE924ACE0eA4bE