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Through its latest update, Ankr, a Web3 infrastructure vendor and operator of staking pools, advances its toolkit with Coinbase Wallet integration as their entry point into the vibrant DeFi realm. This cooperation unlocks new opportunities for stakers, delegators and liquidity providers. Liquid staking allows users to delegate their tokens to a validator that stakes the asset on their behalf without losing access to their funds. To get started, users need to connect Ankr Staking to the Coinbase Wallet browser extension when prompted.
Furthermore, the platform sends the freshly granted liquid staking tokens automatically from the Ankr Staking platform to the user's Coinbase Wallet. Post that, these tokens deliver staking rewards as their balance increases. The stakers can also send their received tokens to DeFi platforms to diversify their earnings with liquidity mining opportunities and staking rewards on farmed tokens. This marks an important evolution for Ankr's Web3 native environment, as Coinbase Wallet has a built-in dApp browser on its mobile app that makes it easy to access top dApps and DeFi protocols.
Josh Neuroth, Ankr's Head of Product, said, "Having the ability to connect a Coinbase Wallet was one of the most hotly requested features for Ankr Staking, and that's a testament to how many people find the wallet useful for interacting with Web3 and DeFi every day. We always want to ensure our stakers are pleased while opening our earning solutions to as many new participants as possible."
The Ankr Staking platform automatically sends the newly granted liquid staking tokens to the user's Coinbase Wallet. These tokens deliver staking rewards as their balance increases daily. When stakers receive liquid staking tokens in their wallets, they can also send them over to DeFi platforms to potentially expand their earnings with:
Coinbase Wallet has gained popularity among DeFi and Web3 enthusiasts by offering users more flexibility and features than other wallets. It offers support for Ethereum, all EVM-compatible chains, Solana, and more than 5,000 tokens for a truly multi-chain experience.
As of Q4, 2022, Ankr supports the staking of crypto coins on the top of Ethereum (ETH) and Polygon (MATIC), two crucial EVM-compatible blockchains. Ankr facilitates Ankr (ANKR) and Gnosis (mGNO) delegated staking, while Ethereum (ETH), Polygon (MATIC), Binance Coin (BNB), Fantom (FTM) and Avalanche (AVAX) are available for liquid staking. With this integration, Ankr automatically transfers staking rewards to users' Coinbase Wallets. The new development is of crucial importance for liquidity mining enthusiasts, liquidity providers for DeFi, stakers and even traders of major DEXes.
Ankr is building the future of decentralized Web3 infrastructure, servicing over 50 proof-of-stake chains with an industry-leading global node delivery system and RPC aggregator. Ankr currently serves over 2 trillion transactions a year across Web3 and is the leading infrastructure provider for BSC, Fantom, and Polygon chains as of 2022. Ankr also offers a suite of developer tools, including the Liquid Staking SDK, Web3 Gaming SDK, and AppChains As a Service, that empower dApp developers to build Web3 apps quickly and easily.
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