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Ankr Staking gives Ethereum token holders a way to stake ETH and receive ETH Liquid Staking tokens - ankrETH. With ankrETH, you can also access instant liquidity for your staked ETH, letting you use ankrETH in DeFi applications and pursue additional reward layers.
ankrETH is a token that earns rewards: the fair value of 1 ankrETH compared to ETH rises over time as staking rewards build up within the token.
Benefits:
Generate Multiple Layers of Rewards: By using ankrETH across DeFi platforms, you can boost your earning potential in APY beyond your staking rewards.
Low Impermanent Loss: Providing ankrETH as liquidity alongside assets such as ETH comes with low impermanent loss risk, which can improve the overall experience of supplying liquidity.
Compound Your Staking Rewards: Since the ankrETH/ETH value in your wallet grows, your staking rewards compound daily.
Support & Secure Ethereum: Staking ETH helps support the Ethereum network and contributes to transaction validation. Ankr’s staking framework allocates staked tokens across the Ethereum ecosystem to support optimal decentralization.
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