Latest BENQI Liquid Staked AVAX (sAVAX) News Update

Deep Dive

1. @BenqiFinance: Visa card adoption bullish

“Spend $sAVAX anywhere Visa is accepted via Avalanche Card” (source).
– @BenqiFinance (128K followers · 2.1M impressions · 2024-10-25 00:00 UTC)
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What this means: This is bullish for sAVAX because Visa’s global payment network converts staked AVAX into spendable currency, enhancing real-world utility without requiring unstaking.

2. @BenqiFinance: Aave incentives sunset warning

“Incentives for $sAVAX on Aave V3 wrap Wednesday – borrow GHO against sAVAX now” (source).
– @BenqiFinance (128K followers · 18K impressions · 2025-08-18 23:00 UTC)
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What this means: This is neutral – while the deadline could spur short-term demand for sAVAX-collateralized borrowing, expiration risks reducing protocol revenue streams post-August 21.

3. @BenqiFinance: Silo’s leverage arms race

“95% LTV and 20x leverage vaults live for sAVAX” (source).
– @BenqiFinance (128K followers · 9.7K impressions · 2025-07-27 17:00 UTC)
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What this means: This is mixed – while higher leverage options could attract sophisticated yield farmers, they also increase systemic risk if AVAX price volatility spikes.

Conclusion

The consensus on sAVAX is bullish, driven by expanding DeFi integrations and Visa-backed utility, though leverage risks and expiring incentives warrant caution. Watch whether Aave’s GHO incentives expiration on August 21 triggers measurable outflows from sAVAX collateral pools.