Renowned Blockchain staking infrastructure company Ankr has recently announced the launch of its new Staking software development kits (SDKs). The new product will allow developers to integrate liquid staking on their projects across several supported Proof-of-Stake chains while branding their staking solution however they see fit.
🔧Ankr software development kits (SDKs) are out!
🧐Do you want to integrate staking solutions into your project and give the users seamless staking opportunities?
Read more here⬇️https://t.co/DoS61VpQxa pic.twitter.com/9vG3NQaczP
— Ankr (@ankr) August 2, 2022
According to the announcement, Ankr said that SDKs would enable liquid staking on chains like BNB Chain, Ethereum, Polygon, Avalanche, and Fantom.
The Chief Marketing Officer of the company Greg Gopman said that the SDKs enable easy earning solutions for decentralized apps, games, and many other web3 use cases. He added:
“This is something that will increase TVL not just for Ankr Staking, but for all the Proof-of-Stake chains we support.”
Users can assign their tokens to a validator who stakes the asset on their behalf through liquid staking without losing access to funds. In contrast to proof-of-stake (PoS), which requires the assets to be locked up in the protocol, it is a method of staking crypto assets while maintaining access to cash.
How Do Ankr’s Staking SDKs Work?
The company says that all developers need to do is include its pre-written code into their project to produce a suitable front-end user interface. The SDKs can be included in projects by developers using smart contract APIs or RESTful-like APIs that are built on the supporting chains. Following integration, the program links to Ankr Staking, which is intended to distribute tokens to the top validators and mint fresh liquid staking tokens that the stakers will claim to their independent wallets.
Staker, meanwhile, only needs to “connect their wallet, choose what they want to stake, and receive rewards daily.” By offering DeFi services like liquidity mining, automated yield farming, and engaged trading opportunities, the acquired tokens may be used to generate more yield.
Cryptocurrency staking has become very common this year, with companies launching their own staking platform and staking solutions.