Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities

Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities


Liquid staking allows users to, in effect, earn a yield on their locked tokens by issuing new tokens with an equivalent value to the locked ones. This frees up capital and makes such products attractive to users. Products such as ether-staking service Lido hold $6.2 billion in locked value. Annualized yields offered by popular protocols, such as Compound and Aave, range from 3% to 10%.

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