Avalanche Liquid Staking
Ankr Staking offers Avalanche token holders the opportunity to stake AVAX and in return claim Ankr Avalanche Liquid Staking tokens (aAVAXb).
aAVAXb, similarly to aETHb, is a reward earning token, meaning that rewards from Avalanche staking will be distributed daily through rebasing. In other words, the balance of aAVAXb tokens will increase daily in every holder’s wallet.
Contrary to ETH staking, it is also possible to unstake AVAX tokens. Therefore, aAVAXb will benefit from the following aAVAXb liquidity options:
1. Market liquidity
aAVAXb is tradable on the following Decentralized Exchanges on Avalanche network:
From the Ankr Staking dashboard, you can choose to Unstake and redeem aAVAXb. Wait for up to 28 days to redeem 1 aAVAXb for 1 AVAX.
Unstaking means that aAVAXb has an elastic supply contributing to a robust price stability mechanism without relying on having large amounts of tokens in liquidity pools to ensure token price stability.
3. Access Instant Liquidity Pools
Ankr token holders can soon gain access to instant liquidity pools. This allows them to sell 1 aAVAXb against 1 AVAX instantly and subject to the instant liquidity pool capacity.
3% of the allocated AVAX tokens to Ankr Staking will not be staked and will remain unstaked.
aAVAXb holders indirectly bear the cost of the instant liquidity pool, which will represent 3% of the staking rewards due to the missed opportunity to stake AVAX. Therefore, the total cost for aAVAXb holders will be 2% service fee, plus 3% missed opportunity to stake AVAX, which equals 4.94% (no service fee applied to 3% instant liquidity pool).