If you've liquid-staked Ethereum before, you've probably been concerned with the trustworthiness of the delegated nodes at one point. The core barrier to staking without operating a node is how in the world to know which nodes to trust. Learning which node to delegate your assets to is challenging and how to reduce slashing risk is challenging in the current staking landscape. Ankr has announced a partnership with ssv.network, a distributed validator technology (DVT) protocol, to make liquid staking more decentralized, secure, and accessible for stakers and node operators. This is especially important as Ethereum switches to PoS and liquid staking takes off. Ankr is one of the world's largest multi-chain infrastructure providers for Web3, DeFi, and the digital economy.
Liquid staking protocols are at the forefront of the cryptocurrency staking economy, revolutionizing liquidity access in the decentralized finance (DeFi) industry. One of the benefits of liquid staking is the ability to interact and use funds while simultaneously earning rewards. As a result, liquid staking protocols provide the foundations for activities such as lending protocols and yield farming activities. Therefore, users can interact with numerous DeFi platforms earning multiple rewards from one pool of funds.
Liquid staking can be a profitable way to put idle assets to work and earn a passive income with crypto. Plus, there are several benefits to liquid staking over regular proof-of-stake (PoS) protocols. Also, investors can earn income on idle assets while simultaneously earning further rewards on the staked funds' tokenized value in other DeFi protocols.
"We are excited to have Ankr as part of the SSV ecosystem. Ankr were one of the first ETH liquid staking pools in the space, their team has incredible tech foresight and the ability to execute fast. The same applies for their decision to become early adopters of DVT and build a next gen staking pool on top of ssv.network. This is going to take staking to the next level," said ssv.network Lead Alon Muroch.
This milestone comes at a time when the market is showing increasing interest in liquid staking solutions. Staking is currently a US$9 billion business for the crypto economy and it is projected to reach US$20 billion following the Ethereum merge. If this trend remains stable and proof of stake becomes the dominant protocol, it could reach US$40 billion by 2025.
Filipe Gonçalves, Chief of DeFi at Ankr, said, "Ankr's partnership with SSV.Network provides everything that our users desire from liquid staking – the highest levels of security and decentralization with stable and attractive yields. As the demand for staking increases, we will scale alongside it with the ability to provide staking rewards to any number of new users."
Without lock-up windows or long un-staking periods, liquid staking is a great alternative to PoS staking. What's more, it's supported by several great platforms, such as those listed above. So, check them out if you're considering giving liquid staking a try. You might never go back to PoS staking again!
Ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. It is an open-source protocol for simple and scalable access to decentralized ETH staking for all.
Ankr is a decentralized Web3 infrastructure provider powering the foundational layer for Web3, DeFi, and the digital economy on 20+ blockchains. Ankr's RPC node marketplace enables independent node providers to monetize their node infrastructure and allows Web3 developers to access Ankr's increasingly decentralized RPC services with a pay-as-you-go model secured by the ANKR token. As a pioneer in the Liquid Staking space, Ankr also democratized access to staking on multiple Proof-of-Stake chains. DeFi users, developers, and platforms can all benefit from access to an easily accessible liquid staking infrastructure to create ecosystems with the largest available source of crypto yield.
Ankr's objective is to serve as a critical infrastructure behind Web3 growth while ensuring that it remains decentralized thanks to Ankr Network.
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