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SAN FRANCISCO (06/22/2023) – As the first protocol to introduce Liquid Staking back in 2020 in the crypto market, Ankr has been at the forefront of revolutionizing staking opportunities across multiple chains. At Ankr Staking, we are committed to pushing the boundaries of innovation.
We are focused on introducing an omnichain liquid staking, enabling users to seamlessly stake their assets across different chains. Furthermore, our pioneering ETH flash unstaking feature offers users unprecedented flexibility and control over their staked assets.
The Ankr Staking is focused on Scalable Yields and Sustainable Rewards, providing users with access to scalable yields across multiple chains, allowing them to explore consistent and sustainable rewards. Our platform offers diverse opportunities, ensuring that users can maximize their earnings while maintaining security and reliability.
Ankr Staking made headlines as the first protocol to enable ETH unstaking after the Ethereum Shanghai upgrade. By introducing this crucial feature, we empower users to unlock their staked ETH assets whenever they desire, without any compromise on security or network integrity.
Ankr Staking supported By
Ankr Staking supports various Liquid Staking options, including ETH, BNB, FTM, and AVAX. Moreover, we are thrilled to announce that users can now bridge their ankrETH tokens to chains such as the BNB Chain, Fantom, Avalanche, Polygon zkEVM, and Arbitrum. This interoperability ensures that users can leverage the advantages of multiple chains while enjoying the benefits of Liquid Staking.
One of our most exciting partnerships is with unshETH, a novel DeFi primitive that promotes validator decentralization by fostering competition among ETH liquid staking protocols to bring the best ETH staking experience to millions of users.
With this partnership, we aim to enhance the utility of ankrETH holders by offering increased yield opportunities and superior on-chain liquidity. By integrating ankrETH as an asset within the unshETH Index, we provide several key benefits to our users. For instance, accepting ankrETH as collateral diversifies the risk exposure for unshETH Token holders, mitigating risk while fostering a broader user base. This inclusivity not only drives adoption but also contributes to the growth of the unshETH project.
“We are excited to announce the integration of ankrETH, a distinguished pioneer in the industry, into the thriving unshETH ecosystem, elevating and enriching the staking experience for unshETH users.”
Altair, Core Dev, unshETH
”UnshETH has established itself as a leading innovator in the LSTfi narrative, significantly elevating the capabilities of AnkrETH. Their swap functionalities are among the most competitive in the LST market, surpassing numerous DEX Aggregators in terms of slippage. Moreover, UnshETH actively contributes to decentralizing the Ethereum network by distributing staked ETH across multiple protocols. This approach not only fosters greater network decentralization but also plays a pivotal role in fortifying the long-term resilience of the Ethereum ecosystem.”
Tiago Pratas, Defi Lead, Ankr
To demonstrate our commitment to this partnership, we have proposed an initial Target Weight of 10% and a Maximum Weight of 14% for ankrETH within the unshETH Index. Furthermore, we are pledging to provide incentives over a span of six months to strengthen the inclusion of ankrETH. This strategic investment aims to foster deep on-chain liquidity for ankrETH and generate an exhilarating new DeFi use case for our users.
We take pride in having the biggest market cap for BNB Liquid Staking, providing users with confidence and stability. Additionally, Ankr Staking currently boasts the highest APY for ETH Liquid Staking, ensuring that users can earn substantial rewards while participating in the Ethereum network’s security.
Ankr Staking allows users to stake their assets while maintaining liquidity. Our pioneering efforts in Liquid Staking have paved the way for a new generation of staking protocols that offer flexible, rewarding, and secure solutions.
We are committed to further decentralizing our Liquid Staking offer. To achieve this, we have integrated Distributed Validator Technology (DVT). By leveraging DVT, we distribute validation responsibilities among multiple validators, reducing centralization and enhancing our platform’s overall security and resilience.
The ankrETH token is classified as an Ethereum Liquid Staking Derivative and will serve as a solution to the limitations of ETH staking on the Ethereum network.
As a result of this, holders of tokens like ankrETH can unlock the platform’s liquidity while receiving additional rewards. In this way, holders of this type of token will provide more security for the Ethereum network, allowing for more liquidity of ETH in blocked total value (TVL) through Ethereum Liquid Staking Derivatives.
About Ankr
Ankr is an all-in-one Web3 developer hub that provides a full suite of tools to build Web3 apps and power them with high-performance connections to 30+ blockchains. As the approved infrastructure partner for building application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche, Ankr simplifies blockchain development for all use cases. Ankr creates AppChains for projects while satisfying every requirement for infrastructure and engineering like validators, RPC nodes, block explorers, testnets, staking platforms, and more for completely custom blockchain solutions.
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Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
