Ankr Releases A Flexible Staking Support Development Kit

Ankr has created an SDK that enables developers to monetize users on their platforms.

Initially, the SDK will be made available on the Ethereum, Polygon, BNB Chain, Avalanche, and Fantom networks. Once integrated, developers can offer users staking and earn rewards in exchange for Liquid staking tokens.

By issuing fresh tokens with a value equal to the locked tokens, Liquid Staking (also known as flexible staking) enables users to practically profit from their locked tokens. Furthermore, liquid staking enables users to assign their tokens to validators who will stake assets on their behalf without affecting their ability to access money.

In other words, it is a process of locking crypto assets while preserving access to funds, unlike the Proof-of-Stake (PoS) consensus mechanism, which requires the assets to be completely locked in the transaction. awake. Commenting on the newly launched product, Greg Gopman said:

“Our SDK will support easy monetization solutions for all dApps, GameFi and any other Web3 use case. This is what will increase the total value of re-key (TVL) not only for Staking, but for all PoS chains that we support. “

Ankr claims that all investors need to do to start receiving daily payouts is connect their wallet

By offering a variety of DeFi services, including as liquidity mining, automated yield farming, and interactive trading opportunities, bonus tokens can be leveraged to generate additional revenue.

Depending on the arrangement with Ankr, project developers may receive a share of the staking fees. In accordance with the new development roadmap for Ankr 2.0 supported by the platform, which was released in mid-July 2022, a portion of the revenue earned by Ankr Staking will be shared with ANKR distributors when executing ANKR staking in August 2022.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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