Share this article
Ankr Introduces Token-Staking Tool Kits for Yield-Hunting Communities
The product will initially be offered on Ethereum, Polygon, BNB Chain, Avalanche, and Fantom networks.
Updated May 11, 2023, 6:42 p.m. Published Aug 2, 2022, 2:00 p.m.
Make us preferred on Google
Crypto infrastructure provider Ankr has released a line of software development kits (SDK) allowing developers to offer token staking and yield farming to users of their projects and platforms.
The SDKs will be offered on the Ethereum, Polygon, BNB Chain, Avalanche and Fantom networks at first. Once integrated, developers can allow users to stake tokens and earn rewards in return for a liquid staking token.
STORY CONTINUES BELOW
Liquid staking allows users to, in effect, earn a yield on their locked tokens by issuing new tokens with an equivalent value to the locked ones. This frees up capital and makes such products attractive to users. Products such as ether-staking service Lido hold $6.2 billion in locked value. Annualized yields offered by popular protocols, such as Compound and Aave, range from 3% to 10%.
More than $86 billion in cryptocurrency is locked in decentralized finance (DeFi) projects across multiple blockchains. To encourage users to participate, the protocols generate their own tokens, which are generally traded on the open market and have a total capitalization of tens of billions of dollars.
The staking tool kit connects to Ankr’s staking platform, which delegates tokens to validators and mints new liquid staking tokens that the stakers can claim for their personal wallets. They can then be used on other DeFi platforms to bolster earnings.
Ankr will charge developers a cut of staking fees for providing the SDKs, and the staking revenue that comes to Ankr staking will be partially shared with all Ankr token stakers once it becomes possible to stake Ankr in August.
Yield farming and value locked on DeFi projects peaked in November 2021, when some $230 billion was locked on various protocols. That’s fallen more than 62% amid a decline in the broader crypto market, DeFi Llama data shows.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Ethereum Foundation makes post quantum security a top priority as new team forms
EF researcher Justin Drake says a new post-quantum team will drive wallet safety upgrades, research prizes and test networks as quantum timelines shorten.
What to know:
- The Ethereum Foundation has elevated post-quantum security to a top strategic priority, forming a dedicated Post Quantum team led by Thomas Coratger with support from leanVM cryptographer Emile.
- Researcher Justin Drake said Ethereum is shifting from background research to active engineering, including biweekly developer sessions on post-quantum transactions and multi-client post-quantum consensus test networks.
- The foundation is backing new cryptography with funding and outreach, launching two $1 million prizes, planning post-quantum community events and education, and stressing that blockchains must prepare early for quantum threats despite their long-term nature.
Top Stories
