What is Ankr Staked ETH (ankrETH)?
Ankr strives to make the transition to Web3 easier by creating a platform where users can launch nodes on Proof-of-Stake (PoS) blockchains, stake their PoS tokens, and access DeFi applications. Running a node for a PoS blockchain is often seen as an attractive way to earn money, however, hardware costs and technical knowledge are usually thought of as obstacles when getting started. To tackle these issues, Ankr has simplified the process of creating a node down to just a few clicks for multiple blockchains. Node operators only have to pay Ankr each month in exchange for all the services provided by the platform.
Also, Ankr has developed an unparalleled level of proficiency in deploying staking nodes for more than 40 blockchain protocols. This technical know-how is what allows users to benefit from reduced barriers when it comes to staking tokens from PoS protocols and providing liquidity with DeFi services. Furthermore, these activities open up numerous possibilities for Internet Bondholders to gain passive income beyond just their staking rewards. One of Ankr’s staking opportunities is the Ankr Staked ETH. The latest ankrETH price can be seen on the Ankr Staked ETH price chart displayed above.
Use Cases of ankrETH Tokens
Ankr staking provides several ways to engage with ETH staking. Users can stake ETH and receive ankrETH coins, which distribute rewards daily. A Provider Node allows users to become validators and protect against slashing risk in exchange for 15% of 32 ETH staking rewards, payable in either ETH or ankrETH crypto tokens.
Furthermore, the liquidity of ankrETH is enhanced by several DEXs, including Uniswap, SushiSwap, and Curve Finance. This enables stakers to easily sell their staked ETH through these exchanges. As more of them are circulated, further liquidity pools will be created.
Don't forget that you can check the current Ankr Staked ETH price on the ankrETH price chart above.
Who Founded Ankr?
Ankr was founded by Chandler Song, Ryan Fang, and Stanley Wu in 2017. Prior to this, Song held an internship at Amazon Web Services where Wu was his manager. The idea for Ankr came about during a conversation between the three friends that revolved around a paper on Proof of Useful Work. Subsequently, Song took up the role of CEO while Fang became CTO and Wu assumed duties as COO.
The Ankr team was able to generate a total of $18.7 million over the course of six days through their initial token sale. Then there was also the presale that generated an amount of $15.9 million and the public sale that raised $2.75 million, resulting in 3.5 billion tokens being distributed. To add to this, Ankr has also been supported by some major names from within the blockchain industry such as Pantera Capital and NEO Global Capital (NGC).
