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BENQI Liquidity Market
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BENQI Liquid Staking
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Benqinomics
sAVAX
BENQI Liquid Staked AVAX (sAVAX)
What is sAVAX?
BENQI Liquid Staked AVAX, sAVAX is the token that users receive when staking their AVAX on BLS. 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.Price
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 priceToken Contract Address
1
0x2b2C81e08f1Af8835a78Bb2A90AE924ACE0eA4bE
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