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ANKR Released SDKs for Multichain Staking

By Keith Thuerk | New to Crypto's? | 3 Aug 2022


ANKR Released SDKs for Multichain Staking

 

What - Ankr released Software Development Kits (SDKs) for five blockchains and they are

  • Avalanche
  • BNB Chain, recall ANKR is already a major partner for BNB Chain increasing performance for games etc
  • Ethereum, using ANKR can help easy dAPP building on Ethereum 
  • Fantom for unrestricted RPC access to Fantom secure RPC
  • Polygon, instant RPC gateway to Polygon

Why - SDKs allow building of easy to deploy dAPPs, RESTFul APIs, Smart Contracts.  The main objective is to bring more Total Value Locked (TVL) across multiple chains and Proof of Stake (POS) offerings.   While the ancillary goals are to delegate tokens to the best validators and mint new liquid staking tokens for stakers.

Stakers collect rewards and provide them to DeFi platforms to expand their earnings when they receive liquid stakes.

  • Automated yield farming rewards from vaults
  • Enhanced trading opportunities to exit staking any time
  • Farming rewards for Liquidity Providers 
  • Liquidity mining opportunities
  • Staking rewards on farmed tokens

Who - Ankr is a leading infrastructure provider as well as a provider for web3 solutions, Web3 Gaming SDK and App Chains As a Service (where they charge per usage for RPC calls). Recall ANKR has three different lines of business

  • Staking nodes,
  • Developer APIs,
  • Enterprise solutions.

Summary - multichain liquid staking might bring immense value to this struggling crypto market and a chance for developers and stakers to earn some passive income. 

Disclaimer - I am not an employee nor an agent of Ankr, although it sounds super exciting!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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