Friday, December 2, 2022
HomeAnkr Adds Coinbase Wallet Support For Liquid Staking

Ankr Adds Coinbase Wallet Support For Liquid Staking

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Ankr is building the future of decentralized Web3 infrastructure, servicing over 50 proof-of-stake chains with an industry-leading global node delivery system and RPC aggregator. Ankr has officially added Coinbase Wallet support for liquid staking. All Coinbase Wallet users can now liquid stake on the Ankr Staking platform for an easy way to earn yield on the assets they hold in their Web3 wallet.

The Coinbase Wallet integration was one of the most highly requested features for Ankr Staking. With Coinbase Pay, users can seamlessly connect their Coinbase exchange account to the Coinbase Wallet, and then to Ankr. 

To get started, users need to connect Ankr Staking to the Coinbase Wallet browser extension when prompted. On smartphones, they can do so from the Coinbase Wallet app’s dApp browser. Users can easily keep track of their staked assets from the dashboard tab of Ankr Staking or in the DeFi tab of Coinbase Wallet. Josh Neuroth, Ankr’s Head of Product, said, “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. We always want to ensure our stakers are pleased while opening our earning solutions to as many new participants as possible.”

Coinbase Wallet has a built-in dApp browser on its mobile app that makes it easy to access top dApps and DeFi protocols. It allows users to send, receive, and bridge assets right on the interface, making it useful when choosing different networks to hold assets on, such as Polygon or Ethereum.

The Ankr Staking platform automatically sends the newly granted liquid staking tokens to the user’s Coinbase Wallet. These tokens deliver staking rewards as their balance increases daily. Users who are staking receive liquid staking tokens in their wallets, these tokens can also send them over to DeFi platforms to potentially expand their earnings with:

  • Liquidity mining opportunities
  • Farming rewards for Liquidity Providers
  • Staking rewards on farmed tokens
  • Automated yield farming rewards from vaults
  • Enhanced trading opportunities to exit staking any time

Coinbase Wallet has gained popularity among DeFi and Web3 enthusiasts by offering users more flexibility and features than other wallets. It offers support for Ethereum, all EVM-compatible chains, Solana, and more than 5,000 tokens for a truly multi-chain experience.

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Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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