Ankr Adds Coinbase Wallet Support for Liquid Staking - Chainwire

04Nov

Ankr Adds Coinbase Wallet Support for Liquid Staking

San Francisco, US, 4th November, 2022, Chainwire

Ankr, one of the world’s leading Web3 infrastructure providers, has officially added Coinbase Wallet support for liquid staking. All Coinbase Wallet users can now liquid stake on the Ankr Staking platform for an easy way to earn yield on the assets they hold in their Web3 wallet.

The Coinbase Wallet integration was one of the most highly requested features for Ankr Staking. With Coinbase Pay, users can seamlessly connect their Coinbase exchange account to the Coinbase Wallet, and then to Ankr.

To get started, users need to connect Ankr Staking to the Coinbase Wallet browser extension when prompted. On smartphones, they can do so from the Coinbase Wallet app’s dApp browser. Users can easily keep track of their staked assets from the dashboard tab of Ankr Staking or in the DeFi tab of Coinbase Wallet.

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.”

Coinbase Wallet has a built-in dApp browser on its mobile app that makes it easy to access top dApps and DeFi protocols. It allows users to send, receive, and bridge assets right on the interface, making it useful when choosing different networks to hold assets on, such as Polygon or Ethereum.

Ankr currently has nine different tokens available to stake on the platform. While Ankr (ANKR) and Gnosis (mGNO) tokens can be put towards delegated staking, the platform supports Ethereum (ETH), Polygon (MATIC), Binance Coin (BNB), Fantom (FTM), and Avalanche (AVAX) for liquid staking.

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:

Liquidity mining opportunities
Farming rewards for Liquidity Providers
Staking rewards on farmed tokens
Automated yield farming rewards from vaults
Enhanced trading opportunities to exit staking any time

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.

About Ankr

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.