How to Earn Yield on BENQI

Hello and welcome to Return Finance’s guide on how to deposit & earn yield on the BENQIThe Return Finance app is the world’s first regulated cross-chain wallet and DiFi aggregator. The BENQI protocol can be found in the Pro version of the app. You can switch to Return Pro by going to the profile dashboard and using the toggle.

Yield is generated by depositing USDC in the BENQI protocol on the Avalanche blockchain and earning daily auto-compounding liquidity provider rewards. Before initiating the liquidity provisioning, also referred to as “staking,” you first need to ensure you have available stablecoins. You can do this by adding funds to your USDC vault through either a US Dollar card deposit or a USDC transfer. To transfer USDC directly, you will receive your own segregated wallet address on the Polygon network, supplied by Fireblocks.

For transparency, the Return app provides you with an auditable trail for any transaction.


The vault stores your USDC without generating yield. You have full control over building and managing your staking portfolio and must initiate any staking, unstaking, and re-staking personally. Anytime you decide to withdraw your funds and earnings from a protocol, they will return to the vault.

Now let’s start earning on BENQI. Go to the protocols aggregator, where the selection of yield-earning opportunities is found. Select BENQI from the list.

 

Next, click on “stake,” input your desired USDC amount from the available balance, and you’re ready. It’s really that simple. 

 

Gas fees for staking, unstaking, and re-staking are covered by Return Finance, so your investment is maximized. As with any funds movement in the Return app, you can verify the transaction hash of your deposit on the Avalanche blockchain explorer.

Return Finance is regulated within the EU and Switzerland to offer you compliant and secure access to DeFi’s attractive yields.

About Return Finance

Return Finance streamlines the process of earning market-beating yields on your income through DeFi platforms like BENQI, MakerDAO, and Curve Finance. By offering a familiar and intuitive user experience, Return Finance lowers the steep learning curve associated with DeFi operations, making them accessible to everyone. Return Finance is an authorized Virtual Asset Service Provider in the EU and a member of the Financial Services Standards Association (VQF) of Switzerland.