Blockchain staking infrastructure provider, Ankr has launched a new Staking Software Development Kit (SDK), allows developers to integrate liquid staking into their projects across multiple networks.
Staking solution that allows project developers to offer liquid staking to users on five blockchains, including Ethereum and BNB Chain.
Liquid staking allows users to delegate their tokens to validators to stake assets on their behalf without losing access to their funds. In other words, it is a process of staking crypto assets while maintaining access to funds, unlike proof of stake (PoS), which requires the assets to be locked within the protocol.
Ankr Launches Staking SDK for 5 Blockchains
In a press release shared with CryptoPotato, Ankr said the SDK will enable liquid staking on BNB Chain, Ethereum, Avalanche, Polygon, and Fantom.
Commenting on the feat, Ankr Marketing Manager Greg Gopman said:
“Our SDK enables easy monetization solutions for all dApps, games, and any other web3 use case. This is what will increase the TVL not only for Ankr Staking but also for all Proof-of-Stake chains we support. “
Developers who are building on supported chains can integrate the SDK into their projects through smart contract APIs or RESTful-like APIs. Once integrated, the solution connects to Ankr Staking, which is designed to delegate tokens to the best validators and mint new liquid staking tokens for investors.
According to the company, investors simply “connect their wallets, choose what they want to bet, and receive daily rewards.” Earned tokens can be used to gain additional profits by providing DeFi services, including liquidity mining, automated yield farming, and interactive trading opportunities.
In addition, project developers may receive a portion of the staking fee, depending on the agreement with Ankr. The blockchain infrastructure provider also noted that a portion of the revenue Ankr Staking generates will be shared with ANKR distributors when ANKR staking is available in August.
Extensive testing and security testing
Meanwhile, Ankr says that their staking SDKs have gone through extensive testing and security checks. The company adds that the product is currently being used by projects like Sikka Protocol, Helios Protocol, and Clover Finance.
First launched in 2017 by Chandler Song and Ryan Fang as the Distributed Cloud Computing Network, Ankr has evolved into a platform that provides a wide range of web3 services. It currently offers various web3 solutions, including Web3 Gaming SDK and App Chains As a Service.