By
Chimamanda U. Martha
April 25th, 2024
By embracing the Ankr Liquid staking protocol, users get liquid tokens to their Coinbase wallets.
Ankr Protocol, one of the fast-growing Web3.0 infrastructure service providers has announced it has integrated support for Coinbase Wallet. As contained in a Press Release shared with Coinspeaker, the Ankr Staking integration now permits millions of Coinbase users to access the customized liquid staking service available on Ankr.
With its liquid staking product, one of its most subscribed offerings, the Ankr protocol said integration with Coinbase Wallet remains one of the most requested upgrades from its community. The integration is symbolic of many things, including the readiness of the protocol’s core developers to yield to the request of their customers.
With the integration, Coinbase Wallet users can easily connect to Ankr via Coinbase Exchange through the Coinbase Pay gateway. The Ankr liquid staking platform can be accessed via the DApp browser that is available on the Coinbase Wallet mobile app or via the web version respectively.
Once connected, Coinbase Wallet users can keep track of their staked portfolios through the robust dashboard that is offered by the Ankr protocol.
“Having the ability to connect a Coinbase Wallet was one of the most hotly requested features for Ankr Staking, and that’s a testament to how many people find the wallet useful for interacting with Web3 and DeFi every day,” said Josh Neuroth, Ankr’s Head of Product, “We always want to ensure our stakers are pleased while opening our earning solutions to as many new participants as possible.”
Billed as one of the industry’s pioneering self-custodial wallets, the Coinbase Wallet has been dubbed as one of the most secure gateways to access Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and general Web3.0 related products and services. The integration with Ankr is a mutually beneficial one that will expand the ecosystems of both protocols respectively.
Accessibility on the Ankr Protocol for Coinbase Wallet Users
Per the integration, Coinbase Wallet users will be able to send, receive, and bridge assets right on the interface. The design of the Ankr protocol also makes it easy for users to bridge from one protocol say Ethereum (ETH) to another.
At the moment, the Ankr protocol grants access to nine different digital currencies including but not limited to Ethereum, Polygon (MATIC), Binance Coin (BNB), Fantom (FTM), and Avalanche (AVAX). The protocol’s native digital token Ankr (ANKR) and Gnosis (mGNO) offer users a more defined feature dubbed delegated staking.
By embracing the Ankr Liquid staking protocol, users get liquid tokens to their Coinbase wallets.
These liquid staking tokens can be put to work to earn passive incomes on other protocols while still reaping the rewards from Ankr. Some of the plausible avenues to take advantage of the liquid staking tokens includes but are not limited to Farming rewards for liquidity providers, staking rewards on farmed tokens, and automated yield farming rewards from vaults amongst others.