Price change (24h):
2.20%
High (24h):
$8.88
Low (24h):
$8.43
Volume (24h):
$96.20K
Market Cap:
$155M
All Time High:
91.71% $103.55
Apr 2, 2022
All Time Low:
19% $7.22
Jun 19, 2026
BENQI Liquid Staked AVAX
SAVAX60.60 %(1Y)
$8.57
About BENQI Liquid Staked AVAX
BENQI Liquid Staked AVAX (sAVAX) is a liquid staking derivative token operating on the Avalanche network. It embodies staked AVAX, enabling holders to earn staking rewards while retaining a tradeable and composable asset.
The token unlocks the liquidity of staked AVAX—an asset class traditionally locked and inert. By depositing AVAX into the BENQI protocol, a user receives sAVAX, an interest-accruing receipt token. That simple mint-and-redeem mechanism dissolves the barrier between staking and active capital deployment across decentralized finance markets.
BENQI Liquid Staked AVAX operates on the Avalanche network. Its smart contracts reside on the C-Chain, inheriting the subnet’s high throughput and sub-second finality. No separate consensus layer governs the token; it relies wholly on Avalanche’s primary infrastructure.
The sAVAX token conforms to the ERC-20 standard on Avalanche’s C-Chain, as evidenced by the contract interface on Snowtrace. This EVM compatibility grants it instant interoperability with wallets, exchanges, and the sprawling Avalanche DeFi ecosystem. The underlying staking logic is managed by BENQI’s audited contracts, which handle validator delegations and reward distribution.
No single founder is publicly associated with the sAVAX token; it emerged from the BENQI Finance project, which launched the first liquid staking protocol on Avalanche. The deployment filled a structural void: prior to its existence, staked AVAX could not be used elsewhere. sAVAX rapidly gained traction as a core liquidity primitive, embedding itself in lending pools and yield aggregators.
The overarching mission is to forge a capital-efficient environment where staked assets retain full economic utility. By stripping away the opportunity cost of staking, the protocol enables a fluid, interconnected DeFi landscape. This vision rejects the siloed nature of legacy proof-of-stake participation.
Mechanically, sAVAX is not a rebasing token; its value accrues through a rising exchange rate against AVAX. When a user stakes AVAX, the protocol mints a corresponding amount of sAVAX at the current rate. To exit, one burns sAVAX to reclaim the original AVAX plus accrued rewards, net of any penalties.
Validators staking through BENQI delegate their AVAX to the network’s consensus, securing the chain. sAVAX holders, in turn, can supply their tokens to money markets like Aave or Benqi’s own lending platform, borrowing stablecoins or other assets against the collateral. Yield farmers compound returns by staking sAVAX in DeFi pools, amplifying exposure.
BENQI Liquid Staked AVAX has a total supply of 22,553,018.59 tokens. Currently, 22,553,018.59 are in circulation. With a market capitalization of $268,718,874, BENQI Liquid Staked AVAX ranks #8,337 among all cryptocurrencies.
BENQI Liquid Staked AVAX Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $8.80 | $8.55 | $8.88 | $8.43 |
| 06/07/2026 | $8.71 | $8.82 | $8.86 | $8.50 |
| 05/07/2026 | $8.87 | $8.72 | $8.88 | $8.52 |
| 04/07/2026 | $8.74 | $8.85 | $8.97 | $8.61 |
| 03/07/2026 | $8.52 | $8.70 | $8.74 | $8.48 |
| 02/07/2026 | $8.45 | $8.54 | $8.68 | $8.35 |
| 01/07/2026 | $8.30 | $8.45 | $8.52 | $8.17 |
| 30/06/2026 | $8.22 | $8.29 | $8.31 | $8.17 |
Why is manual trading BENQI Liquid Staked AVAX a bad idea?
Manual savax trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
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Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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BENQI Liquid Staked AVAX (SAVAX) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live SAVAX price, market cap, and 24-hour trading volume at the top of this page.
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The current price of BENQI Liquid Staked AVAX (SAVAX) is $8.57. Over the last 24 hours, it has moved -2.20%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy BENQI Liquid Staked AVAX on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your SAVAX investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
BENQI Liquid Staked AVAX's price is influenced by overall crypto market trends, trading volume, investor sentiment, regulatory news, and macroeconomic events. High volatility is common - SAVAX can move 5-15% in a single day. This makes timing the market extremely difficult for manual traders but creates opportunities for systematic, data-driven strategies.
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We can’t provide investment advice. Whether BENQI Liquid Staked AVAX is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. SAVAX can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
