Ankr Offers First Unstaking Capability for Liquid Staked Ethereum
April 17, 2023
2 min read
Ankr has become the first provider to offer the ability to unstake liquid staked Ethereum, thanks to the recent Shanghai upgrade that took place on April 12. This upgrade has paved the way for greater flexibility and liquidity for users who want to unlock their Ethereum for purposes other than staking rewards.
The Shanghai Upgrade
The upgrade to Ethereum has been highly anticipated for some time and is set to have a significant impact on the blockchain ecosystem. The key feature of the upgrade is the ability to unstake Ethereum that has been staked on the chain for months. This means that users can now access their staked assets and utilize them in other applications, trading, or transfer them without the restriction of their assets being locked on the chain.
ankrETH is Unstakeable
Ankr's unstaking feature is currently available now that the shanghai upgrade to the Ethereum network has been implemented. Ankr’s liquid staked Ethereum token called ankrETH can be traded on various decentralized exchanges, providing liquidity for staked assets as well as unstaked directly on the Ankr staking web app itself.
Ankr's unstaking feature is a significant step forward for the DeFi industry, as it provides more flexibility and control for users. The platform's innovative approach to liquid staking has opened up new possibilities for the staking industry, and it will be interesting to see how other platforms respond to this development.
Staking Industry is Growing
Finally, Ankr's innovative approach to liquid staking has opened up new possibilities for the staking industry. By allowing for the unstaking of liquid staked assets, Ankr has given users more control over their assets and provided a new way for them to participate in the DeFi ecosystem.
We expact that many other liquid staking platforms will follow suit, but if you’re interested in owning liquid staked assets that you can unstake at any time, Ankr is that option.
In conclusion, Ankr's innovative solution to enable the unstaking of liquid staked Ethereum is a groundbreaking development for the blockchain ecosystem. Thanks to the Shanghai upgrade, Ankr is now the first provider to offer this solution, providing users with greater flexibility and control over their staked assets. This is set to have a significant impact on the future of staking and DeFi, and we can expect to see more innovations in this space as the blockchain ecosystem continues to evolve.