Ankr Breaks Down Liquid Staking and EigenLayer Restaking
Ankr, a renowned decentralized finance (DeFi) company, recently sat down with Crypto Daily to discuss its revolutionary Liquid Staking feature and EigenLayer restaking. Tiago Pratas, the DeFi lead at Ankr, shared insights into the Liquid Staking protocol and the safety features of EigenLayer’s Ethereum restaking.
Ankr as a DeFi Infrastructure
Ankr is a prominent DeFi infrastructure company focused on making the decentralized world more accessible and user-friendly. Their Web3 infrastructure platform provides various services such as node hosting, staking, and developer-focused offerings. Ankr partners with major DeFi projects like Aave, 1inch, SushiSwap, and others to offer cost-effective, scalable, and secure solutions for developers and end-users.
The Revolutionary Concept of Liquid Staking
Liquid Staking is a groundbreaking concept in the blockchain and DeFi space. Unlike traditional staking, which locks up assets in a smart contract, Liquid Staking offers a more flexible approach. When you stake your assets through Ankr, you receive tradable tokens like ankrETH. These tokens can be used in various DeFi protocols while still earning staking rewards. The benefits of Liquid Staking include increased capital efficiency, flexibility for stakers, and easier participation in Ethereum’s validation process.
How to Liquid Stake with Ankr
Liquid Staking through Ankr is a simple process. Users can visit Ankr’s Liquid Staking Platform, select the assets they want to stake, connect their cryptocurrency wallet, and stake their assets. In return, they receive Liquid Staking Tokens representing their staked assets. These tokens can be used across DeFi platforms to provide liquidity and earn additional yields.
The Value of ankrETH
ankrETH represents the Ethereum deposited on the Validators with all the staking rewards it has accrued. It is a reward-bearing token whose market price is tied to the amount of Ethereum it can be redeemed for and the Ethereum price. Holding ankrETH offers benefits such as high APRs, additional liquidity, exposure to Ethereum’s growth, and contribution to network security.
EigenLayer’s Restaking Platform
EigenLayer’s Ethereum restaking platform allows users to automate the process of restaking staking rewards, resulting in compounded growth of staked assets over time. This automation simplifies the process and maximizes returns for users, potentially achieving higher returns compared to traditional staking or holding strategies.
Ankr’s Plans for the Future
Ankr’s vision for the future is focused on continuous innovation and user-centric strategies to advance the web3 sector. They plan to expand their liquid staking offerings and provide core infrastructure to the web3 ecosystem. Ankr aims to empower users with cutting-edge solutions and will continue to explore new avenues, partnerships, and technologies.
Hot Take: Ankr Revolutionizes Staking with Liquid Staking and EigenLayer Restaking
Ankr is transforming the staking landscape with its Liquid Staking feature and partnership with EigenLayer. By offering a more flexible approach to staking through tradable tokens like ankrETH, Ankr enables users to participate in DeFi protocols while still earning rewards. The integration of EigenLayer’s restaking platform further enhances the potential for compounded growth and higher returns. With its focus on innovation, user empowerment, and network security, Ankr is poised to make significant contributions to the DeFi sector in the future.
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