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Through solutions like bridging and liquidity pools on various chains, ankrETH is going truly omnichain.

In this article, we will explore Ankr's flagship product, ankrETH, on the Ethereum network, and delve into the exciting prospects of ankrETH on other chains, such as BNB, FTM, AVAX, Polygon zkEVM, and Arbitrum. Furthermore, we will discuss the next steps for Ankr, highlighting the token utility and the advantages of flash unstaking and liquid liquid staking narratives.

# Expansion of Omni-chain Solutions

Ankr's vision extends beyond Ethereum, as we bring the benefits of ankrETH liquid staking to multiple chains. By expanding our offering to chains such as Binance Smart Chain (BNB), Fantom (FTM), Avalanche (AVAX), Polygon zkEVM, and Arbitrum, we open up a world of opportunities for stakers. Each chain presents unique advantages and LP opportunities, with the potential for enticing APYs.

When users liquid stake their ETH with Ankr they receive ankETH on the Ethereum mainnet. Then, users can bridge their ankETH to others chains using the bridge feature on Ankr’s staking web app.

![Ankr Bridge.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Ankr_Bridge_e6addb8da6.png)


Or, you can also exchange your tokens on various chains for ankrETH on various DEXs. This not only unlocks users to reap the staking rewards of Ethereum staking on other chains but also allows greater interoperability of Ethereum with other chains. Ankr’s omni-chain solution is truly leading edge in the DeFi space.

# Empowering Ethereum Holders with ankrETH

Ankr's Ethereum [liquid staking solution](https://www.ankr.com/blog/liquid-staking-a-comprehensive-guide/), initially introduced as aETHb/c and now known as ankrETH, holds the distinction of being the first to market in the realm of liquid staked Ethereum. Ankr's innovative approach revolutionized the staking landscape by offering users the ability to stake their Ethereum while simultaneously unlocking liquidity through the issuance of ankrETH tokens. This groundbreaking concept garnered significant attention within the DeFi community, propelling Ankr to the forefront of liquid staking offerings.

One of the key factors that sets Ankr apart is its impressive annual percentage yield (APY). Ankr not only provides users with the opportunity to stake their Ethereum and earn staking rewards but also ensures that they receive one of the highest APYs among all liquid staked Ethereum offerings in the market. This attractive APY incentivizes users to participate in Ankr's liquid staking ecosystem, as they can maximize their earnings while still having access to the liquidity of their staked assets.

Furthermore, Ankr solidified its position as an industry leader by being the first solution to [unlock unstaking after the Shanghai upgrade](https://www.ankr.com/blog/road-to-shanghai-upgrades/?search=shanghai&page=1). This upgrade, implemented on the Ethereum network, introduced important protocol changes and improvements. Ankr swiftly adapted to these changes, enabling users to easily unstake their Ethereum and convert their ankrETH back into Ethereum when needed. This flexibility and responsiveness further establish Ankr as a trailblazer, setting the standard for liquid staked Ethereum and providing users with enhanced control over their staked assets.

# Liquid Staked Ethereum Omni-Chain Yield Farming

You can claim competitive APY with ankrETH on chains like the Binance Smart Chain (see the [Thena Pool](https://thena.fi/liquidity)).

![Ankr Bridge 2.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Ankr_Bridge_2_ce7d166465.png)

With an APY of ~20% and the staking yield added on top of that from ankrETH you can earn industry-leading yield by adding your ankrETH to liquidity pools on DEXs.

Thena provides two ankrETH options. One pair includes ankrBNB with the ankrETH and the other pool includes ETH with the ankrETH. You can either swap for ankrETH or you can provide liquidity to the pool and earn yield.

If you’re looking for other competitive yield farming strategies with other Ankr liquid staking tokens we’re recommend checking out the [Beethoven X ankrFTM pool](https://beets.fi/pool/0x8fda1835d346cf3d22c01742d2edbb0831402a3a000200000000000000000700) and [Midas capital ankrBNB pool](https://app.midascapital.xyz/56/pool/18).

# Improving Token Utility and Capital Efficiency

Ankr's commitment to token utility is a driving force behind our innovative approach to liquid staking. The utility of ankrETH is consistently increasing, especially in regards to the multiple liquidity pools supporting ankrETH and Ankr’s other liquid staking tokens. Therefore, if you’re looking for maximum capital efficiency with your ETH, ankrETH is the way to go. Not only do you maintain liquidity of your staked tokens but you can use those staked tokens in multiple different ways to increase your yield in the DeFi market.

On top of that, ankrETH will soon bring other benefits like [flash unstaking](https://www.ankr.com/blog/Tradicional-vs-Flash-Unstaking/?search=flash+unstaking&page=1), which will allow for instant liquidity when needed. This capability is particularly advantageous in volatile market conditions or when taking advantage of time-sensitive opportunities.

Moreover, Ankr's focus on becoming the most liquid liquid staking in the market further amplifies the benefits for users. By enabling the seamless transfer and staking of ankrETH and other liquid staked derivatives between chains, Ankr maximizes capital efficiency while reducing the barriers associated with cross-chain transactions. Ankr’s liquid staking solutions provide maximum liquidity of your assets. 

# Conclusion

Ankr's omnichain liquid staking efforts have propelled the DeFi industry forward, providing users with unparalleled flexibility and earning potential. With ankrETH leading the charge on Ethereum and plans to expand to other chains, Ankr continues to revolutionize the staking landscape. By prioritizing omnichain solutions like bridging and maximizing token utility we ensure that you can maximize their capital efficiency and make the most of their staked assets.


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Ankr Unlocks the Power of Omnichain Liquid Staking

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Ethan Nelson, a DeFi enthusiast and member of the Ankr Staking team, delves into DeFi topics with expertise. His insightful articles simplify complex concepts, empowering readers to navigate the dynamic world of decentralized finance confidently. Stay informed with Ethan's illuminating content on all things liquid staking and DeFi related.

Ethan Nelson

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Engineers in various industries are constantly seeking ways to maximize the potential of what they can create, but the success of their endeavors heavily relies on the infrastructure available to them. While the current Internet infrastructure is well-established and dependable, it is centralized, limiting the potential for decentralized applications. In contrast, blockchain technology and web3 enable developers to build decentralized financial products and applications on top of decentralized infrastructure. However, web3 developers face significant scaling of their applications due to the lackluster performance of purely decentralized infrastructure. Therefore, developers need high-quality ***distributed*** blockchain infrastructure to create robust and scalable decentralized applications.

## Node Distribution: Enhancing Web3 Development

Decentralization is a crucial component of web3's application layer. However, developers building these **applications benefit more from a distributed blockchain infrastructure** network with higher-quality node providers than a fully decentralized network with numerous, but only decent-performing, node providers. Such a network ensures reliable and high-performing infrastructure while still promoting decentralization.

Emphasizing the distribution of nodes strikes a balance between the benefits of a fully decentralized network and solves its practical limitations. By **focusing on distributed quality nodes over quantity, blockchain infrastructure networks empower developers to build robust and scalable dApps** that meet the market's demands more effectively than networks that prioritize a more significant decentralized amount of nodes.

Fully decentralized networks have numerous node providers, but a distributed network with fewer high-quality nodes provides more efficiency and reliability for actual Web3 applications. When developers opt for distributed infrastructure to build their applications, they have a blockchain network fortified with **top-tier nodes that can process large volumes of transactions faster and more accurately.** This approach allows developers to maintain a decent level of decentralization while maximizing the infrastructure's potential, resulting in applications with improved scalability, reliability, and performance.

Improving the network's performance leads to developer peace of mind, knowing that the system will remain secure even during heavy usage or unexpected spikes in traffic. With a focus on distributed quality nodes, developers can build decentralized applications that have the potential to match the UX of centralized applications.

Distributed infrastructure enhances the development experience and contributes to the consistent, widespread adoption of the crypto industry. Developers can reach a wider audience and enable the widespread adoption of web3 applications. **Crypto adoption will occur from developers using high-quality and scalable infrastructure** to build dApps that attract internet consumers who are hesitant to leave centralized applications. As a result, those consumers will eventually switch from web2 centralized applications to web3 dApps.

By focusing on distributed quality nodes, infrastructure networks provide developers with the necessary tools to create innovative dApps that maintain pretty UI's and easy UX's. These dApps will lead to a future where blockchain technology is widely adopted and the benefits of decentralization become more accessible to the masses.

**TL;DR, Node Distribution Provides Better Performance While Preserving Decentralization**

- Node distribution solves Web3’s practical limitations and boosts performance while promoting decentralization. Hi
- Distributed infrastructure provides top-tier nodes that can process large volumes of transactions faster and more accurately.
- Distributed infrastructure contributes to the consistent, widespread adoption of the crypto industry by offering developers the necessary tools to create innovative dApps with fast, easy-to-use interfaces and experiences.

## Distribution Offers A Rewarding Node Provider Experience

A distributed, high-quality infrastructure offers significant benefits to node providers, creating a more favorable environment for them to operate in. In a distributed network, **node providers experience a more predictable traffic flow due to improved performance and reliability.** This predictability makes them a more attractive option for developers who require reliable traffic delivery and token holders seeking safe and trustworthy node providers to stake with. As a result, node providers enjoy a more stable and consistent revenue stream, reducing operational costs and increasing their ROI.

Node providers benefit from increased network efficiency in a distributed network, reducing the risks of running a node. This efficiency results in a lower probability of hardware failure and less operational downtime, minimizing the potential for costly maintenance and infrastructure upgrades. Moreover, **distributed infrastructure that prioritizes quality nodes results in better network performance**, leading to increased token holder participation and a more active and engaged community. Ultimately, distributed infrastructure networks provide node providers with an ecosystem more conducive to their growth and success.

Furthermore, node providers collaborate more effectively in a distributed network. Clear communication between node providers enhances network cohesion and resilience, allowing the infrastructure to handle fluctuations in traffic flow, maintain uptime, and preserve network integrity. **Node providers in a distributed network can share resources and work together to address network issues, ensuring the network remains reliable and stable.**

Clear communication in the network helps reduce the competitive pressures that node providers may face, where each node competes for traffic and transaction fees. By working together and collaborating in a distributed infrastructure, node providers can focus on delivering high-quality services to developers and token holders while maintaining fair market competition.

Moreover, using fewer trusted node providers allows for easier management and maintenance than dealing with a larger pool spread across multiple locations. Improved management increases operational efficiency and lower maintenance costs while providing a higher network security level. As a result, distributed networks offer streamlined efficiency as nodes spend less time on administrative tasks, and the network can spend more time focusing on core development efforts to build innovative new features within the platform.

**Distribution Incentivizes the Most Performant Node Providers to Join:**

**Predictable Revenue Streams:** Distributed infrastructure provides node providers with a more stable and consistent revenue stream due to improved performance and reliability.

**Increased Efficiency and Network Performance:** Node providers in a distributed network benefit from increased network efficiency, resulting in lower hardware failure risks, reduced operational downtime, and better overall network performance.

**Effective Collaboration and Resource Sharing:** Clear communication and collaboration between node providers in a distributed network enhance network cohesion, resilience, and fair market competition.

## Join the Conversation on Ankr’s Channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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The Power of Distributed Infrastructure: Promoting Performance for Decentralized Systems

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Kev Silk

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As the original pioneer of liquid staking solutions, Ankr has been innovating its staking platform for some time. As a result, [Ankr Staking](https://www.ankr.com/staking-crypto/) now provides one of the most accessible staking experiences that users can take advantage of to earn multiple layers of rewards. Additionally, DeFi protocols, dApps, wallets, and exchanges can also plug Ankr’s Liquid Staking SDK into their projects to deliver customers their own version of the staking solution with Ankr’s infrastructure powering it on the backend.

**[Tenet](https://tenet.org/), an innovative new layer-1 blockchain, is now harnessing the power Ankr’s liquid staking tokens along with its SDK to create an ecosystem that is shaping up to be a new hub for DeFi.**

## Helping Power the Tenet Ecosystem With Liquid-Staked Assets

The Tenet blockchain employs a new consensus mechanism called Diversified Proof-of-Stake, allowing users to stake and re-stake their LSTs (Liquid Staking Tokens) from multiple blockchains to Tenet's validator network. Tenet’s blockchain validators will accept a variety of assets, including liquid staking tokens, for a diversified “basket” of assets securing the network. Holders of Ankr’s liquid staking tokens like ankrETH, ankrBNB, ankrFTM, anktMATIC, and ankrAVAX will be able to stake them once again to Tenet's validators to earn additional yield and use their LSTs inside Tenet's DeFi ecosystem.

## Offering An Attractive New Opportunity for Ankr Liquid Staking

Those who have liquid staked their assets with Ankr Staking may already be familiar with the opportunity to earn several additional layers of rewards in DeFi. Here’s what the opportunity may look like for Ankr liquid staking users wanting to redeploy their assets with Tenet:

- **Liquid Stake Assets on Ankr Staking:** Users can stake assets like ETH for a base layer of staking rewards and mint new tokens like ankrETH they can further deploy on the Tenet ecosystem.

- **Restake Liquid Staking Tokens on Tenet:** Users can contribute their new liquid staking tokens, like ankrETH, to validators on the Tenet chain and earn an additional layer of staking rewards.

- **Mint LSDC:** Once they stake LSTs like ankrETH, users have the ability to mint the Liquid Staking Dollar (LSDC). The LSDC stablecoin can be used in Tenet DeFi to further maximize rewards.

- **Participate in Tenet DeFi & the EVA App:** Users will have many opportunities to optimize their DeFi yield by using applications built in the Tenet ecosystem, such as EVA, a wallet built to simplify crypto experiences for all.

## Boosting Tenet User Experience With Ankr Staking SDK

Tenet will also be integrating Ankr's Liquid Staking SDK for its DeFi-friendly mobile app, EVA. This will be one of the first implementations of Ankr’s liquid staking SDK allows any wallet, DeFi protocol, or exchange to offer liquid staking for their users easily.

**Developers can integrate the following:**

- **Delegated Staking**
- **Liquid Staking**
- **Oracles**
- **Liquid Crowdloans**

Allowing any Web3 application to easily offer staking is quickly boosting the accessibility and ease of use for earning yield. Any project can integrate our staking solutions on the backend while giving their communities a completely custom front-end experience that best suits your users’ needs.

[Integrate staking for your project](https://www.ankr.com/docs/staking-for-developers/overview/)

## A Word From Tenet's CEO & the Ankr Team

"Ankr is excited to join forces with Tenet to create a more secure and interconnected blockchain ecosystem with many more layers of rewards unlocked for staking participants," said Marco Robustelli, Ankr’s CMO. "We’ve been interested in the possibilities surrounding restaking and its potential to disrupt the limits of what we think is possible for PoS assets.”

Tenet's CEO Greg Gopman was previously the CMO of Ankr and added his first-hand knowledge of how vital Ankr's suite of tools is to the future of LSTs:

“Ankr has spent the last few years building out the best multi-chain infrastructure for LSTs. They’re one of the unsung heroes in the future of Liquid Staking and Ankr’s suite of LST integrations has allowed us to save years on our development time. The Tenet vision is only possible because of the vision Ankr had for the industry the past few years”.

## Final Thoughts

Liquid staking has become a huge narrative in the Web3 world this year due to its ability to make the most of stakers’ assets. As the movement takes hold, projects like Tenet are redefining interoperable TVL while improving cross-chain DeFi to its limits. Users can expect the full suite of Ankr's LST products to be integrated throughout Tenet's Infrastructure by Q3 of this year.

## Join the Conversation on Ankr’s Channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Partnering with Tenet to Enhance Cross-Chain Liquidity and DeFi Opportunities

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Kevin is a business writer, journalist, and avid explorer of the blockchain and tech industry. His work has been covered across crypto and traditional media as Ankr’s Senior Writer, with topics spanning the big picture of “Web3,” tech breakthroughs, and how blockchain is changing our digital lives. Working with some of blockchain’s most talented engineers daily, Kevin gains unique insight into what advances we can expect next and the implications they hold for us all.

Technical Writer

Kevin Dwyer

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Ankr is excited to announce that we’ve entered a strategic partnership with the Dubai Multi Commodities Center ([DMCC](https://landing.dmcc.ae/cryptocentre)), a global trade hub and the world’s largest Free Zone. The collaboration will provide support to over 500 member Web3 businesses in the DMCC Crypto Center, accelerating their growth and development through innovative products, infrastructure, and advisory incubation.

## How Are We Collaborating?

Ankr's extensive suite of solutions will be made available to businesses within the DMCC Crypto Center, empowering them with access to a wide variety of products and services, such as application-specific blockchain engineering, node infrastructure, Web3 gaming solutions, NFT marketplace solutions, staking, and decentralized finance products. These offerings will enable businesses to fast-track their development and go to market with every resource they need to thrive in emerging Web3 ecosystems.

## About the DMCC Crypto Center

By providing a supportive environment, regulatory clarity, and access to resources, the DMCC is playing a significant role in boosting the cryptocurrency and blockchain industry, helping it to grow, innovate, and thrive.

- **Attracting talent and investment:** By creating a supportive and prosperous ecosystem for Web3 and blockchain businesses, the DMCC attracts top talent and investment to the sector. This, in turn, fosters innovation and growth within the industry.

- **Providing infrastructure and resources:** Not only does the DMCC offer state-of-the-art facilities, but they also offer digital infrastructure, funding opportunities, and extensive resources for Web3 businesses. Ankr’s products and services will now be an important part of the resources that help companies develop projects and scale.

- **Promoting education and awareness:** The DMCC works to educate the public, government entities, and businesses about the potential benefits and applications of blockchain and cryptocurrencies. This helps to build trust and understanding, which can lead to greater adoption and growth of the industry.

## A Word From The CEOs of Ankr & DMCC

"The partnership with the Dubai Multi Commodities Center is a testament to our commitment to drive the global proliferation of blockchain technology," said Chandler Song, Ankr’s CEO. "Dubai is a critical hub for Web3 innovation, and by providing DMCC Crypto Center's member businesses with industry-leading solutions, we can cultivate the next generation of Web3 businesses, applications, and experiences that have the capacity to take industry adoption to the next billion users."

DMCC Executive Chairman and CEO, Ahmed Bin Sulayem, added, "By offering a comprehensive ecosystem that enables Web3 businesses to scale efficiently and with confidence, the DMCC Crypto Centre has become home to the highest concentration of crypto and Web3 firms in the MENA region. In expanding our platform through this key collaboration with Ankr, we are further enhancing our capabilities and the value we add to Web3 entrepreneurs and multinationals alike. We look forward to working with Ankr and activating their expertise and suite of services to continue to reinforce Dubai’s status as a global Web3 hub.”

## A Final Note

At Ankr, we are dedicated to delivering leading-edge technology that helps our customers stay ahead in a rapidly changing industry so they can create experiences that amaze their users. By partnering with DMCC, Ankr can offer our resources and expertise to hundreds of new companies, letting us double down on our mission in one of the world’s most important crypto hubs.

## Join the Conversation on Ankr’s Channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Partnering With the Dubai Multi Commodities Centre To Support Hundreds of Web3 Businesses

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This article is a guest post written by Carlos Mazzaferro, the CTO of Midas Capital. 

---


**TLDR:** By leveraging Midas’ unique borrowing, lending, and yield capabilities, Ankr is revolutionizing the DeFi space by enabling the widespread adoption of Liquid Staked Derivatives (LSDs) as a core component of major DeFi systems. This enables higher capital efficiency, increased yield opportunities, and increased total value locked securing a chain's consensus.


In particular, by leveraging LSDs to their full DeFi extent, Ankr is enabling users to take part in the same DeFi activities as before (e.g. liquidity provision to AMMs and Money Markets, borrowing and lending, leverage farming) but with far higher yields & capital efficiency & lower costs.


# What is Ankr?


Ankr is web3 infra with liquid staking pools on ETH, Polygon, BNB, AVAX, FTM, DOT and Gnosis. Ankr liquid staking pools combine over 100M in TVL with the biggest pools on ETH and BNB.


Ankr is leading the space in terms of providing more capital efficient manners of liquidity provision. Their focus on incentivizing the usage of a natively-yielding token not just as investment vehicle, but also as a key component of multiple DeFi systems opens up for the users unique ways to further their earnings all the while increasing the chain’s security. 


# What did they need?


There are two aspects worth mentioning in terms of Ankr’s needs:


1. Deepen the liquidity of the AMM liquidity pools that support Anrk’s LSD token, ankrBNB
2. Increasing the utility and capital efficiency of ankrBNB, by making it a core component of money markets and AMMs


In terms of the first requirement, the Ankr Treasury was interested in a solution that would enable them to leverage their ankrBNB reserves to further deepen the liquidity of their LP pairs on an AMM exchange. In order to do so, they needed a borrowing and lending protocol that would allow for such asset to be borrowed at competitive rate.


Midas came to be the best (and only) place to do so. By allowing the collateralization of high-yield tokens such as Thena LP tokens [1] ($ankrBNB-ANKR LP,  ankrBNB-HAY LP, etc.), Ankr is now able to deposit their LP tokens into Midas, borrow ankrBNB against them, and redeposit the ankrBNB into the Thena LPs.


As for the second aspect, Ankr wanted to empower their users with the ability to further increase the utility of their liquid staked derivative. By allowing users to provide liquidity to the Midas Pool in the form of ankrBNB, users are now able to further unlock their liquidity by borrowing stablecoins at a low interest rate from the pool, while earning a reliable and low risk yet high APR on their liquid stake derivative, ankrBNB.


# Why did they choose Midas?


Midas allows full customization of pool parameters. Ankr is a sophisticated organization and wanted to control all aspects of the pool. The parameters they changed included:


- Interest rate curves. They wanted a fully customized interest rate model that uses an oracle to determine the borrow interest based on the ankrBNB staking rewards rate, to incentivize optimal utilization.


Midas is also the only platform that is able to support a wide range of yield-bearing collaterals including LP tokens from every leading DEX. This was important for Ankr because they have various volatile and stable LPs across different platforms that they wanted in the pool.


On the security side, they wanted fine-grained control over risk parameters, a crucial feature for enabling support for long-tail assets. Midas Capital supports Debt Ceilings, Supply Caps, Borrow Caps among other security-related parameters that are controllable per pool. More info on Midas’ offerings can be found in the [Midas Capital Docs](https://docs.midascapital.xyz/partner-and-pool-operator-documents/pool-customisations/the-markets#market-risk-factors). 


The isolation features of Midas, meaning that other pools do not affect the Ankr pool, was also a major selling point of the Midas platform.


# How did Midas solve the problem?


Midas deployed an [isolated pool](https://app.midascapital.xyz/56/pool/18) for Ankr focused on the ability to borrow, lend, and collateralise a variety of yield-bearing assets . 


Midas developed a custom interest rate model able to effectively incentivize the optimal utilization of ankrBNB. More specifically:


- Ankr, as a leading borrower of ankrBNB, needed to be able to borrow at a cheaper rate than the APRs earned on their LP positions used to collateralize the borrows
- ankrBNB depositors needed to be able to earn higher APYs on Midas than anywhere else, so that they were incentivized to supply more ankrBNB to the pool. This creates a competitive advantage for Ankr’s liquid staking platform as they are able to offer a product with a higher yield than staking BNB elsewhere, which will attract more BNB to be staked with Ankr and solidify Ankr’s position as a leader in the space.
- We developed an Interest Rate Curve that incentivized the borrow rate of ankrBNB to match the average yield across the other collateral token supplied at the optimal utilization rate of 75%. To give a concrete example:
    - Collateral HAY-ankrBNB LP → avg 40% APY
    - Collateral ANKR-ankrBNB LP → avg 35% APY
    - Collateral HAY-BUSD LP → avg 25% APY
    - Borrowable ankrBNB  rate: set at 33% when there’s 75 % utilization of the pool
    - The final model parameters and formula can be found [here](https://docs.google.com/spreadsheets/d/1ODrtYcsUIBn6o-3vWrNCreY5ICrSIzuv/edit#gid=1720509993)
        

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# What was the process?


Discussion and brainstorming with Ankr about the potential mutual benefits and modes of interaction between the protocols. Mapped out the pool requirements including collaterals supported, borrowable assets, and risk parameters.


Discussed and implemented the advanced mechanics of the pool including:


- Yield capabilities of the pool
    - ERC4626 strategies for the collateral tokens
- Liquidity mining rewards to be issued, both in ANKR and HAY
- Optimal Interest Rate Curve definition


After mapping everything out, we created the pool using Midas’s intuitive no-code UI for pool creators.


Furthering the effectiveness of this solution is the fact that Midas’s markets are powered by the ERC4626 standard, which allows tokens that are deposited into it to be subject to arbitrary “strategies” that allow such tokens to be used elsewhere. This allows the LP tokens deposited to be staked directly into Thena Gauges, which allows depositors to earn all the Thena rewards issued by the Gauges, without losing the ability to borrow against them. This was a particularly important requirement for Ankr, which was interested in retaining THE rewards to be able to vote in their Gauges. 


---


Thank you for reading this guest post from the CTO of Midas Capital. 


Learn more about [Midas Capital](https://www.midascapital.xyz/) and Ankr for your DeFi solutions.


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Midas Capital and Ankr: Empowering DeFi Users with Innovative Liquidity Solutions

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Ankr Team 

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Fabio Wehb Ferrari

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Erin McMahon

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Tyler is a Senior Product Manager at Ankr, driving the progress behind Scaling Solutions and Bitcoin Secured Infrastructure. His work is quickly reshaping the deployment of blockchain networks into a process that is fast, streamlined, modular, and asset-rich. Tyler’s substantial experience as a Web3 builder, advisor, and PM ensures clients secure not only the highest tier of infrastructure but also the expert management it takes to create breakout projects.


Senior Project Manager

Tyler Sloan

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Ankr Staking Team

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Krinza Momin

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Wasm0 Team

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Diogo Costa

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Tiago Pratas

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Henrique Dias

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Tagus Labs

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As a seasoned technical writer, Galya Mikova excels at demystifying intricate blockchain topics. With a talent for simplifying complexity, she bridges the gap between complex technology and reader understanding, making blockchain accessible through her expertly crafted articles.

Galina Mikova

Solutions

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Enterprise Solutions

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See all cases

Docs

Github

Ankr Whitepaper 2.0

Brand Assets

About Us

Blog

Press

Careers

Docs

Ankr Blog

Ankr Unlocks the Power of Omnichain Liquid Staking

The Power of Distributed Infrastructure: Promoting Performance for Decentralized Systems

Partnering with Tenet to Enhance Cross-Chain Liquidity and DeFi Opportunities

Partnering With the Dubai Multi Commodities Centre To Support Hundreds of Web3 Businesses

Midas Capital and Ankr: Empowering DeFi Users with Innovative Liquidity Solutions

Solutions

Web3 API

Scaling Services

Bitcoin Secured Infrastructure

Staking Solutions

Tools

Block Explorer

Verify

More

Neura new

Enterprise Solutions

BNB Chain

Chiliz

Polygon

SushiSwap

See all cases

Docs

Github

Ankr Whitepaper 2.0

Brand Assets

About Us

Blog

Press

Careers

Ankr Blog

Ankr Unlocks the Power of Omnichain Liquid Staking

The Power of Distributed Infrastructure: Promoting Performance for Decentralized Systems

Partnering with Tenet to Enhance Cross-Chain Liquidity and DeFi Opportunities

Partnering With the Dubai Multi Commodities Centre To Support Hundreds of Web3 Businesses

Midas Capital and Ankr: Empowering DeFi Users with Innovative Liquidity Solutions

Neura
new