ankrETH (aETH) is a reward-bearing decentralized network token that represents staked Ethereum (ETH) and accrued staking rewards. More
| Fully Diluted Valuation | $38.46M |
|---|---|
| 24H Trading Volume | $15,718 |
| 24H Low / High | $4.45 K / $ 4.62 K |
| Circulating Supply | 8.55 K |
| Total Supply | 8.55 K |
| Max Supply | 0.00 |
| Categories | Liquid Staked ETH 13 more |
|---|---|
| Founder | Chandler Song 1 more |
| Website | ankr.com |
| Socials | 5 more |
| Chains | Ethereum Ecosystem 10 more |
| Explorer | Binplorer 9 more |
| Contracts |
0xe95....2c3cb
10 more
|
| Name | Pair | OG Score |
|---|
Ankr Staking introduces a service allowing Ethereum token holders to stake their ETH and claim ETH Liquid Staking tokens, referred to as ankrETH. This article provides an objective analysis of ankrETH, examining its core features and potential benefits within the context of decentralized finance (DeFi).
Key Attributes of ankrETH:
ankrETH serves as a reward-bearing token, its value relative to ETH increasing over time as staking rewards accumulate. This mechanism aims to incentivize participation in Ankr Staking.
Unbiased Evaluation of ankrETH Benefits:
a. Diversified Earning Potential:
ankrETH users can explore DeFi platforms, potentially increasing their overall earning potential by capitalizing on multiple layers of rewards.
b. Risk Mitigation:
Liquidity providers face a low risk of impermanent loss when contributing ankrETH, particularly when paired with tokens like ETH. This contributes to a more stable and potentially profitable liquidity provision experience.
c. Compounding Rewards:
Stakers witness daily compounding effects as the value of ankrETH in their wallets grows compared to ETH, resulting in an accumulation of staking rewards over time.
d. Network Support:
Staking ETH directly through Ankr supports and secures the Ethereum network. Ankr's staking system aims for intelligent distribution across the Ethereum ecosystem to ensure optimal decentralization.
3. Vision of the AnkrETH Network:
Beyond its staking services, AnkrETH aspires to simplify blockchain development and foster a more inclusive crypto economy. The platform envisions a decentralized ecosystem that eliminates single-entity control, promoting trustworthiness for all participants.
Empowerment Through AnkrETH:
AnkrETH seeks to empower users, developers, and enterprises by providing accessible tools for easy participation in the crypto economy. The decentralized nature of the platform aims to eliminate reliance on centralized entities, fostering an environment of trust for all participants.
ANKR Token and Liquid Staking Tokens:
ANKR serves as the native token of the ankrETH network. Liquid Staking tokens, including aETHc, represent the user's ETH stake plus earned staking rewards, automatically issued upon successful staking.
Conclusion:
Ankr's Liquid Staking, embodied by ankrETH, presents itself as a potential player in the DeFi landscape. While offering staking rewards and facilitating interaction with various DeFi platforms, an objective assessment is crucial for potential users to weigh the merits and risks associated with this staking service. As with any DeFi initiative, users are encouraged to conduct thorough research before engaging with Ankr's Liquid Staking platform.
Ankr's ETH Liquid Staking, represented by ankrETH, stands out by offering instant liquidity for staked ETH, enabling users to connect with DeFi platforms and earn additional rewards. The reward-bearing nature of ankrETH ensures its increasing fair value over time compared to ETH, providing a unique and lucrative staking experience.
Chandler Song and Ryan Fang (founders of ANKR)
You can buy Ankr Staked ETH (ANKRETH) on Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Balancer V2, LynexCurve (Ethereum) cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Ankr Staked ETH ANKRETH. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Ankr Staked ETH (ANKRETH) is ($8,549), max supply of Ankr Staked ETH ANKRETH is ($0) and the market cap of Ankr Staked ETH ANKRETH is ($38,464,717).
What is the Ankr Staked ETH (ANKRETH) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Ankr Staked ETH (ANKRETH) is $4,497. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Ankr Staked ETH (ANKRETH) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Ankr Staked ETH ANKRETH) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Ankr Staked ETH (ANKRETH) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Ankr Staked ETH (ANKRETH) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
