BENQI Staked AVAX

BENQI Staked AVAX receives a B risk grade (24/100) from Hindenrank, where lower scores indicate lower risk. Lower risk for liquid staking — established protocol with no exploits and simple design, but whale concentration and 15-day unbonding create exit liquidity risk during stress BENQI Staked AVAX (sAVAX) is a liquid staking token that lets you earn Avalanche staking rewards while keeping your AVAX usable in DeFi. You deposit AVAX and receive sAVAX, which grows in value as staking rewards accrue. With over 23 million AVAX staked and a clean security track record, it earns a B+ grade. The main risk is that selling sAVAX quickly during a crash means accepting a discount since unstaking takes 15 days.

The key risks identified for BENQI Staked AVAX are: (1) If AVAX crashes and everyone wants to unstake at once, you face a 15-day wait. Selling sAVAX on the open market means accepting a price below what it is actually worth (2) The top 25 holders own 96.4% of all sAVAX. If even a few of them sell at the same time, there is not enough buyer demand to absorb it without a major price drop (3) Your staked AVAX is moved across chains using a special bridge. If the bridge security is ever compromised, all staked funds could be at risk

BENQI Staked AVAX scores 24/100 across eight risk dimensions: Mechanism Novelty: 2/15, Interaction Severity: 5/20, Oracle Surface: 2/10, Documentation Gaps: 1/10, Track Record: 0/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 81 rated Liquid Staking protocols on Hindenrank, BENQI Staked AVAX ranks #10 by safety (lowest risk score = safest). Its 24/100 risk score and B grade place it among the safer Liquid Staking protocols.

BENQI Staked AVAX scores 0/15 on the Track Record risk dimension, indicating no significant exploits or security incidents in its history. However, past performance does not guarantee future security.