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About sAVAX

BENQI Liquid Staking is the first liquid staking protocol for Avalanche. Users stake AVAX with BENQI, and receive sAVAX, an interest bearing version of AVAX. This allows users to earn both the rewards for securing the Avalanche network and from the world of DeFi.

BENQI Liquid Staked AVAX (sAVAX) is a cryptocurrency launched in 2022. sAVAX has a current supply of 8.50M with 8.50M in circulation. The last known price of sAVAX is 49.58 USD and is -0.973233200576 over the last 24 hours. It is currently trading on active market(s) with $2.16M traded over the last 24 hours. More information can be found at https://staking.benqi.fi.

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sAVAX Price Statistics
sAVAX’s Price Today
24h Price Change
-$0.9732332005761.93%
24h Volume
$2.16M43.15%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.005118482259
Market Dominance
0.00%
Market Rank
#230
sAVAX Market Cap
Market Cap
$421.43M
Fully Diluted Market Cap
$421.43M
sAVAX Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
sAVAX Supply
Circulating Supply
8.50M
Total Supply
8.50M
Max Supply
0
Updated Nov 28, 2024 5:57 pm
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sAVAX
BENQI Liquid Staked AVAX
$49.58
$0.973233200576(-1.93%)
Mkt Cap $421.43M
There's nothing here for now
Celsius to Initiate Second Fund Distribution to Creditors
Celsius to Initiate Second Fund Distribution to Creditors
According to CoinDesk, Celsius is set to commence a second distribution of funds to its creditors, as detailed in a court filing dated November 27. The distribution will total $127 million, provided in either bitcoin (BTC) or USD, and will be allocated across five creditor classes. These classes include retail borrower deposit claims, general earn claims, withhold claims, unsecured loan claims, and general unsecured claims. Each eligible creditor is expected to receive 60.4% of the value of their claim as of the Petition Date. This development follows Celsius's emergence from Chapter 11 bankruptcy in January of this year. Subsequently, the company ceased operations of its mobile and web applications on February 29 and initiated the process of reimbursing creditors. In addition to monetary compensation, some creditors received shares in Ionic Digital, a company established from Celsius’s reorganized mining business. The upcoming distribution is a continuation of the company's efforts to settle its obligations, following a significant payout in August. During that period, Celsius distributed over $2.53 billion to more than 251,000 creditors, covering approximately two-thirds of all eligible creditors and about 93% of the eligible value. Celsius initially filed for Chapter 11 bankruptcy relief on July 13, 2022, after the collapse of its business. The company's former CEO, Alex Mashinsky, resigned in September 2022 and was subsequently arrested on fraud charges. His trial is scheduled to take place in the U.S. in January 2025. Additionally, Roni Cohen-Pavon, the former Chief Revenue Officer at Celsius, pled guilty to charges of market manipulation and fraud last year, with sentencing expected next month. The bankruptcy process also involved a $4.7 billion settlement with U.S. authorities over fraud allegations, marking a significant step in the company's reorganization efforts.
Nov 28, 2024 5:43 pm

Frequently Asked Questions

  • What is the all-time high price of BENQI Liquid Staked AVAX (sAVAX)?

    The all-time high of sAVAX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of BENQI Liquid Staked AVAX (sAVAX) is 0. The current price of sAVAX is down 0% from its all-time high.

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  • How much BENQI Liquid Staked AVAX (sAVAX) is there in circulation?

    As of , there is currently 8.50M sAVAX in circulation. sAVAX has a maximum supply of 0.

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  • What is the market cap of BENQI Liquid Staked AVAX (sAVAX)?

    The current market cap of sAVAX is 421.43M. It is calculated by multiplying the current supply of sAVAX by its real-time market price of 49.58.

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  • What is the all-time low price of BENQI Liquid Staked AVAX (sAVAX)?

    The all-time low of sAVAX was 0 , from which the coin is now up 0%. The all-time low price of BENQI Liquid Staked AVAX (sAVAX) is 0. The current price of sAVAX is up 0% from its all-time low.

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  • Is BENQI Liquid Staked AVAX (sAVAX) a good investment?

    BENQI Liquid Staked AVAX (sAVAX) has a market capitalization of $421.43M and is ranked #230 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze BENQI Liquid Staked AVAX (sAVAX) price trends and patterns to find the best time to purchase sAVAX.

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