Delegation Pools
Last updated
Last updated
BENQI’s Liquid Staking operates with two distinct delegation pools:
Open Pool: Available to all validators who meet the minimum criteria.
BENQI Miles Pool: Available only to validators selected by BENQI Miles holders.
This pool is for Avalanche validators who have staked at least 6,000 AVAX and have at least 15 days of uptime.
There is a 2% delegation fee, and delegations from this pool are allocated randomly to qualifying validators.
This pool is for Avalanche validators who hold BENQI Miles (formerly veQI), have staked at least 2,000 AVAX and have at least 15 days of uptime.
They may set their delegation fee between 2% and 5%. Validators with delegation fees above 5% are not eligible for delegations from this pool.
Delegations from this pool are randomly distributed based on the validator's aggregate vote count of BENQI Miles. For example, if Validator A has 10,000 Miles votes and Validator B has 5,000 Miles votes, Validator A will receive twice the delegations.
2% Delegation Fee with No BENQI Miles Vote Power
Validators meeting the minimum criteria will receive delegations from the Open Pool through random allocation.
2% Delegation Fee with BENQI Miles Vote Power
Validators will receive delegations from both the Open Pool and the BENQI Miles Pool.
Open Pool: Delegations are randomly allocated.
BENQI Miles Pool: Delegations are based on the validator’s total vote count.
More than 2% but less than 5% Delegation Fee with BENQI Miles Vote Power
Validators will receive delegations exclusively from the BENQI Miles Pool, based on their vote count.
More than 5% Delegation Fee
Validators with a fee exceeding 5% are not eligible for any delegations from BENQI Liquid Staking.
