Ankr Adds Coinbase Wallet Support For Liquid Staking

On Nov 2, 2022

Leading web3 infrastructure provider Ankr has officially announced Coinbase Wallet support for liquid staking.

Coinbase Wallet is a non-custodial wallet app, separate from the actual Coinbase exchange, and it allows users to manage their own keys. All Coinbase Wallet users can now liquid stake on the Ankr Staking Platform for an easy and convenient way to earn a yield on their assets.

This was one of the most highly requested features for Ankr staking, according to Josh Neuroth, Ankr’s Head of Product:
“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.”

The simplicity of the process will help onboard new users to the liquid staking experience. To get started, all users need to do is connect Ankr staking to the Coinbase Wallet browser extension when prompted. Users can then easily keep track of their staked assets from the dashboard tab of Ankr Staking or in the DeFi tab.

Which Tokens Are Available To Stake?

Ankr currently has 9 different tokens available to stake on the platform. Ankr and Gnosis tokens can be put towards delegated staking, while Ethereum, Polygon, Binance Coin, Fantom, and Avalanche are supported for liquid staking.

For liquid staking, Ankr will automatically send the newly granted tokens to the User’s Coinbase wallet. Users can then earn staking rewards on these tokens while simultaneously sending them over to DeFi platforms to potentially expand their earnings through:

⦁ 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

By adding Coinbase Wallet support, Ankr is able to vastly expand its liquid staking offer to a wider array of users.