Ankr Staked ETH, also known as ETH Liquid Staking with Ankr, is a service provided by Ankr Staking that allows Ethereum token holders to stake their ETH. In return, participants receive an equivalent amount of an Ethereum-based token called ankrETH. AnkrETH offers instant liquidity for staked ETH, enabling users to connect it with decentralized finance (DeFi) platforms and potentially earn additional rewards.
One notable feature of ankrETH is that it is a reward-bearing token. This means that over time, the fair value of 1 ankrETH token compared to ETH increases as staking rewards accumulate within the token. Essentially, by staking ETH and receiving ankrETH in return, participants not only contribute to securing the Ethereum network through staking but also have the opportunity to earn additional rewards through the appreciation of ankrETH relative to ETH.
Overall, Ankr Staked ETH provides Ethereum token holders with a convenient way to stake their ETH, earn staking rewards, and access liquidity through ankrETH, thereby potentially maximizing their rewards within the Ethereum ecosystem.
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