Introducing Whitelabel Liquid Staking Solutions w/ Coin98 Partnership

Ethan Nelson

Ethan Nelson

March 27, 2023

3 min read

In Brief

    Ankr, the leading Web3 infrastructure company, has recently partnered with Coin98, a comprehensive crypto super app, to provide liquid staking services to users worldwide. As part of this collaboration, Ankr has built a whitelabel solution for Coin98 to offer liquid staking for ETH and BNB.

    What is Coin98?

    Coin98 is a crypto super app that connects users to the world of cryptocurrencies in a safe and secure manner. With over 6 million users globally, Coin98 offers a wide range of services, including a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, cross-chain bridge & DApp browser, a powerful terminal, attractive earn, gift & campaign, and more.

    The Value of Liquid Staking to DeFi

    Liquid staking has become increasingly popular in the DeFi space, especially after the success of The Merge. It is a more efficient form of staking that allows users to stake any amount of tokens and instantly unlock their staked tokens, unlike traditional staking, which requires a certain amount of tokens and staking for a specific length of time. Liquid staking enables users to utilize idle staked assets within the DeFi ecosystem, while still contributing to the stability and security of the network.

    Whitelabel Solutions

    Through Ankr's liquid staking solution, Coin98 can offer its users a simple and user-friendly interface, making it easier for them to access this expanding industry and maximize their capital efficiency. Coin98 supports staking ETH and BNB, and users receive CETH and CBNB in return for staking. This helps users not only earn passive income through staking rewards but also provides flexible return potential in the larger DeFi market.

    Ankr's whitelabel liquid staking solution enables businesses to have their own liquid staking solution, allowing them to offer this service to their customers seamlessly. Ankr's solution can be customized to meet the specific needs of each business, providing a simple and efficient way to stake tokens and earn rewards.

    In summary, Ankr has built a whitelabel liquid staking solution for Coin98, enabling them to offer liquid staking for ETH and BNB. Liquid staking is a more efficient form of staking that allows users to make money from idle assets while contributing to the stability and security of the network. Ankr offers businesses a whitelabel liquid staking solution that can be customized to meet their specific needs, making it easier for them to offer this service to their customers.

    Coin98 Case Study

    Ankr and Coin98, two leading players in the crypto industry, have announced their partnership to offer a whitelabel liquid staking crypto solution. This partnership aims to provide users with an easy and accessible way to stake their assets and earn rewards while maintaining liquidity.

    The partnership between Ankr and Coin98 is a significant step in the adoption of liquid staking. Ankr, a leading provider of blockchain infrastructure, will offer its cutting-edge technology for staking and node management, while Coin98 will provide its expertise in user interfaces and user experience.

    The partnership comes at a time when crypto adoption is growing at an unprecedented rate. Many investors are looking for ways to earn passive income from their assets, and staking has emerged as a viable option. However, traditional staking methods require users to lock up their assets for a long time, which can be a deterrent for some investors.

    Conclusion

    In conclusion, the Ankr and Coin98 partnership is a significant development in the crypto industry. It offers a whitelabel liquid staking solution that will enable users to stake their assets and earn rewards while maintaining liquidity. The solution is expected to accelerate the adoption of liquid staking and provide greater accessibility and flexibility to users.