BENQI Liquid Staked AVAX (SAVAX) is a cryptocurrency that represents a tokenized version of staked AVAX (Avalanche) tokens. Users can stake their AVAX tokens and receive SAVAX in return, which can then be used as collateral for borrowing and lending on the BENQI platform. SAVAX allows users to earn passive income through staking while still having the flexibility to use their assets in DeFi applications.