Blockchain Firm Ankr Launches Staking SDK for Multichain Liquid Staking

Blockchain staking infrastructure provider Ankr has launched its new Staking Software Development Kits (SDK), which allow developers to integrate fluid staking on 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 retaining access to the funds, unlike proof-of-stake (PoS), which requires the assets to be unlocked in the protocol.

Ankr launches Staking SDKs for five blockchains

In a press release shared with The crypto potatoAnkr said the SDKs would enable liquid betting on BNB Chain, Ethereum, Avalanche, Polygon and Fantom.

Commenting on the achievement, Ankr’s marketing manager Greg Gopman said:

“Our SDKs enable easy monetization 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 the Proof-of-Stake chains we support.”

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

According to the firm, stakers simply “connect to their wallet, choose what they want to bet and receive rewards daily.” The earned tokens can be used to achieve additional returns by providing DeFi services, including liquidity mining, automated yield farming, and committed trading opportunities.

In addition, project developers can share in the input fees, depending on the agreement with Ankr. The blockchain infrastructure provider also noted that part of the revenue that Ankr Staking generates will be shared with ANKR players when it becomes possible to stake ANKR tokens in August.

Extensive testing and security auditing

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

Ankr was first launched in 2017 by Chandler Song and Ryan Fang as a distributed cloud computing network, and has evolved into a platform offering a variety of web3 services. It currently offers various web3 solutions including Web3 Gaming SDK and App Chains As a Service.