Ankr Earn – Fantom Liquid Staking

Published on: 22.02.2022

Fantom Liquid Staking from Ankr Earn offers instant liquidity for the FTM tokens you stake on Ankr platform, enabling users to connect staked assets to DeFi and create an opportunity to earn several extra layers of rewards.

Ankr Earn is all about simplifying the staking process while opening the doors for their users to earn more layers of income. Fantom Liquid Staking, is designed to give access to more ways to increase your potential rewards and boost your overall ROI from FTM assets.

Fantom Liquid Staking is an enhanced method of staking on the Fantom blockchain. Staking on Proof-of-Stake networks normally means you would need to lock your tokens up with a validator node.

How Does It Work?

With Fantom Liquid Staking, Ankr will stake your FTM tokens with validator nodes they selected while giving you back new aFTMb tokens. This is an ERC-20 reward-earning token that will distribute staking rewards to your wallet daily. In other words, your wallet’s aFTMb balance will increase daily to reflect your staking rewards.

The best part is, you can use your aFTMb tokens to generate many more layers of passive income when using it to perform liquidity mining, lending, yield farming, and any other strategies on DeFi platforms.

Benefits of Fantom Liquid Staking Over Normal Staking

Instant Liquidity
Boosted Yields
- Liquidity mining opportunities
- Farming rewards for liquidity providers
- Staking rewards on farmed tokens
- Yield aggregators and vaults
- More trading opportunities