Staking cryptocurrency has become one of the most accessible ways to generate passive income in the decentralized finance (DeFi) ecosystem. By locking up your digital assets for a set period, you can earn rewards — often expressed as annual percentage yields (APY). With Tangem Wallet, a secure non-custodial solution, you can participate in staking through decentralized applications (dApps) using the WalletConnect protocol.
This guide walks you through how to stake Avalanche (AVAX) tokens via the BENQI platform using your Tangem Wallet — all while maintaining full control over your private keys and ensuring top-tier security.
Why Stake Crypto Using Tangem Wallet?
Tangem Wallet stands out for users who prioritize security and simplicity. Unlike custodial wallets, Tangem never holds your funds or private keys. Instead, it leverages hardware-based protection through NFC-enabled cards that store your keys offline.
By integrating with WalletConnect, Tangem enables seamless interaction with a wide range of DeFi dApps across blockchains. This means you can stake, lend, swap, or yield farm directly from trusted platforms — without compromising on safety.
👉 Discover secure ways to grow your crypto holdings today.
Understanding Key Concepts
Before diving into the process, let’s clarify some core terms:
- Staking: Locking up crypto assets to support a blockchain network and earn rewards.
- dApp (Decentralized Application): A blockchain-based app that runs without central control.
- WalletConnect: An open-source protocol that securely links your wallet to dApps via QR codes.
- Non-custodial Wallet: A wallet where only you control your private keys.
These concepts form the foundation of modern DeFi participation — and Tangem excels in enabling them safely.
Step-by-Step: Connect Tangem Wallet to BENQI
BENQI is a leading DeFi protocol on the Avalanche network, offering liquid staking and lending services. Here's how to connect your Tangem Wallet:
- Open the BENQI Staking Page
Visit https://staking.benqi.fi/stake on your mobile browser. - Click “Connect Wallet”
Located in the top-right corner of the page. - Select WalletConnect
From the list of available connection options, choose WalletConnect. - Scan the QR Code with Tangem App
Open the Tangem app on your smartphone, tap Start, then scan the QR code displayed on the BENQI site.
Once scanned, you’re connected! Your wallet is now linked to BENQI — securely and non-custodially.
Stake AVAX Tokens on BENQI
Now that you're connected, it’s time to start earning:
- Enter Amount to Stake
On the BENQI interface, input the amount of AVAX you’d like to stake. Make sure you have enough for gas fees. - Confirm in Tangem App
A transaction prompt will appear in your Tangem app. Tap Sign and send. - Complete Authentication
Tap your Tangem card to your phone’s NFC reader and enter your access code to sign the transaction.
After confirmation, your AVAX will be staked at an estimated 7.2% APY. Note: A small network fee is deducted from the staked amount for transaction processing.
You’ll receive sAVAX — a tokenized representation of your staked AVAX — directly in your wallet. If sAVAX doesn’t appear automatically, simply add it manually via the “Manage Tokens” section in your wallet settings.
💡 Pro Tip: sAVAX remains liquid, meaning you can use it in other DeFi protocols — such as providing liquidity or collateralizing loans — while still earning staking rewards.
Flexible Use Cases for sAVAX
One of the biggest advantages of liquid staking is flexibility. Once you hold sAVAX, you're not limited to just earning staking yield. You can:
- Swap sAVAX for stablecoins like USDC or DAI
- Deposit into liquidity pools to earn additional yield
- Use as collateral on lending platforms
- Transfer or trade freely across supported exchanges
This composability is a hallmark of DeFi and unlocks multiple income streams from a single asset.
👉 Explore platforms that support multi-layered crypto growth strategies.
How to Unstake AVAX from BENQI
Unstaking is straightforward but comes with a short waiting period:
- You can initiate unstaking anytime after 15 days of staking.
- There’s no maximum lock-up period — giving you flexibility when accessing funds.
Unstaking Steps:
- Go to https://staking.benqi.fi/stake
- Click Unstake
- Enter the amount (or select “Max” to unstake all)
- Confirm the transaction in the Tangem app
- Tap your card and enter your PIN to sign
Your sAVAX tokens will be burned, and the equivalent AVAX — plus accumulated rewards — will return to your wallet within seconds.
Note: Rewards are compounded continuously during the staking period but paid out upon unstaking.
Expand Beyond AVAX: Other Staking Options
While this guide focuses on AVAX via BENQI, the same process applies to many other assets and protocols. Use DefiLlama to explore top-rated staking platforms across networks like Ethereum, Polygon, Fantom, and more.
Whether you're interested in staking ETH, MATIC, or emerging altcoins, Tangem + WalletConnect gives you universal access — all while keeping your keys secure on hardware.
Frequently Asked Questions (FAQ)
Can I stake any cryptocurrency with Tangem Wallet?
Yes — as long as the token and its corresponding dApp support WalletConnect integration. Popular choices include AVAX, ETH, BNB, and various ERC-20 tokens across EVM-compatible chains.
Is my money safe when staking through dApps?
Tangem itself does not hold or manage your funds. Security depends on both your wallet practices and the reliability of the dApp. Always research protocols before interacting and consider audit reports and total value locked (TVL).
Does Tangem charge staking fees?
No. Tangem is a non-custodial tool provider and does not take commissions. However, blockchain networks and dApps may apply gas fees or service charges.
What happens if I lose my Tangem card?
If you lose your card, you can restore access using your backup card set (provided at purchase). Never share your cards or recovery details with anyone.
Can I use multiple dApps with Tangem?
Absolutely. Once connected via WalletConnect, you can switch between dApps like Uniswap, Aave, Curve, and others without re-scanning every time — though each new action requires individual transaction approval.
Are staking rewards guaranteed?
No. Staking returns fluctuate based on network conditions, validator performance, and protocol rules. Earnings are not fixed or insured.
Final Thoughts
Staking crypto through dApps using Tangem Wallet combines strong security with DeFi flexibility. By leveraging hardware-backed protection and open protocols like WalletConnect, you maintain full control while accessing powerful yield-generating opportunities.
Whether you're new to staking or expanding your DeFi portfolio, this method offers a reliable entry point into passive income generation — without sacrificing ownership or safety.
👉 Start exploring secure staking opportunities now.
Remember: Always verify URLs, review transactions carefully, and interact only with audited protocols. Your crypto journey should be both profitable and protected.