Home Blockchain Blockchain company Ankr releases SDKs for multi-chain liquid staking

Blockchain company Ankr releases SDKs for multi-chain liquid staking

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Blockchain staking infrastructure provider Ankr has launched its new staking software development kits (SDKs), allowing developers to integrate liquid staking into their projects across multiple networks.

Liquid staking allows users to delegate their tokens to a validator who stakes the asset 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 assets to be Locked in the protocol.

Ankr launches staking SDKs for five blockchains

In a statement shared with CryptoPotatoAnkr said the SDKs would enable liquid staking on BNB Chain, Ethereum, Avalanche, Polygon, and Fantom.

Commenting on the achievement, Ankr Marketing Director Greg Gopman said:

“Our SDKs enable easy earning solutions for all dApps, games and all other Web3 use cases. This is something that will increase TVL not only for Ankr Staking, but for all Proof-of-Stake channels that we support.

Developers who rely on the supported chains can integrate the SDKs into their projects through smart contract APIs or RESTful-like APIs. After onboarding, the solution connects to Ankr Staking, designed to delegate tokens to top validators and create new liquid staking tokens for stakers.

According to the firm, stakers only have to “connect their wallet, choose what they want to stake and receive rewards daily”. Earned tokens can be used for additional yield by providing DeFi services, including liquidity mining, automated yield farming, and engaged trading opportunities.

Additionally, project developers can get a share of staking fees, depending on the deal with Ankr. The blockchain infrastructure provider also noted that a portion of the revenue generated from Ankr Staking would be shared with ANKR stakingrs when it becomes possible to stake ANKR tokens in August.

Thorough testing and security audits

Meanwhile, Ankr said its staking SDKs have undergone extensive security testing and audits. The company added that the product is currently used by projects such as Sikka Protocol, Helios Protocol and Clover Finance.

First launched in 2017 by Chandler Song and Ryan Fang as a distributed cloud computing network, Ankr has evolved into a platform offering a host of Web3 services. It currently provides different Web3 solutions including Web3 Game SDK and Application Channels as a Service.

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