### What is Ankr Staked ETH?
Ankr Staked ETH (ANKRETH) is a reward-bearing token that represents Ethereum (ETH) staked through Ankr's staking platform. It enables users to stake their ETH to secure the Ethereum network while maintaining liquidity. This allows participants to engage with decentralised finance (DeFi) platforms and earn additional rewards on top of their staking returns.

### How does Ankr Staked ETH work?
Ankr Staked ETH operates on the Ethereum blockchain, utilising the Proof of Stake (PoS) consensus mechanism. When users stake their ETH via Ankr, they receive ANKRETH tokens. These tokens represent their staked ETH and can be used within DeFi protocols to earn additional rewards. The system ensures that staking rewards are compounded daily, and ANKRETH tokens can be exchanged back for ETH, providing instant liquidity.

### What are the potential use cases for Ankr Staked ETH?
ANKRETH can be used across various DeFi protocols for yield farming, participating in liquidity pools, and trading. It offers low impermanent loss when paired with tokens like ETH in liquidity pools, and users can compound their yields through vaults. It also enables cross-chain activities through Ankr's bridging capabilities, facilitating a wide range of financial actions like trading, transferring, and staking across different platforms.

### What is the history of Ankr Staked ETH?
Ankr Staked ETH is inherently linked to Ankr's mission to decentralise the internet using distributed ledger technology. Founded in 2017 by Chandler Song, Ryan Fang, and Stanley Wu, Ankr launched its mainnet in 2019 and developed the Stkr protocol in 2020 to facilitate Ethereum staking with liquid staking solutions. This protocol marked a major milestone, enabling users to stake ETH and receive aETH (now ANKRETH), enhancing liquidity while supporting the Ethereum network. Ankr's services have expanded to include a wide array of blockchain networks and DeFi platforms.

Ankr Eth2 Reward Bearing Bond

Deposits and withdrawals are not currently available for this coin.

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