Ankr Staked ETH

Purpose and Utility

Ankr Staked ETH (ankrETH) is a liquid staking token that represents staked Ethereum on the Ethereum 2.0 network. When users stake their ETH through Ankr's platform, they receive ankrETH tokens in return, representing their staked position.

Business Model Analysis

The token operates as a liquid staking derivative, allowing users to maintain liquidity while participating in ETH2 staking. Users can trade their ankrETH tokens or use them in various DeFi protocols while their original ETH remains staked.

Real-World Adoption

Ankr's staking solution has gained significant adoption, with over $100 million worth of ETH staked through their platform. The token is actively traded on several major cryptocurrency exchanges and is integrated into multiple DeFi protocols.

Platform Development

Ankr maintains an active development schedule, regularly updating their staking infrastructure and improving the security of their staking solutions. The platform has demonstrated consistent technical progress and maintains transparent operations.

Token Distribution and Governance

The ankrETH token distribution is directly tied to user staking activity, with tokens being minted when users stake ETH and burned when they unstake. There is no pre-mine or founder allocation for ankrETH specifically.