What is Liquid Staking like in Ankr?

Expert

What is Liquid Staking like in Ankr?

Answers 1

Liquid Staking extends the Staking experience to solve the problem of loss of liquidity and capital inefficiency. When assets are staked, they are usually locked up on-chain helping to maintain the network. However, Liquid Staking provides instant access to Liquid Staking tokens that are equivalent in value to the stake in a 1:1 ratio. These portable Liquid Staking tokens e.g. aMATICb, aETHb, aETHc, aAVAXb can be utilized on additional DeFi platforms to earn further rewards.