BENQI Liquid Staked AVAX SAVAX

BENQI Liquid Staked AVAX refers to the AVAX tokens that are staked on the Avalanche network using BENQI's Liquid Staking (BLS) protocol. This protocol allows AVAX holders to stake their tokens and earn rewards while still maintaining liquidity and the ability to use their staked AVAX in other DeFi applications. BENQI's Liquid Staking protocol has undergone audits and is being launched with a capped amount of 250,000 AVAX.

BENQI Liquid Staked AVAX is unique compared to other cryptocurrencies because it combines the benefits of liquid staking with the AVAX token on the Avalanche network. Liquid staking allows users to stake their AVAX tokens and earn staking rewards, while still having the flexibility to use their staked tokens as collateral for borrowing or trading. This means that users can earn passive income from staking while also having access to liquidity and the ability to participate in other financial activities. BENQI's Liquid Staking protocol on Avalanche provides a secure and efficient way for users to engage in liquid staking, making it a unique and valuable offering in the cryptocurrency space.