Ankr Staked ETH

ankrETH

ankrETH is a tradeable receipt of ETH locked through Ankr Staking to secure the Ethereum network. ankrETH is a reward-bearing token that accrues value from staking yield.

Risk Rating
Best
$3,538.03
-5.36%
Summary
What we like
Enables users to earn staking rewards with any amount of ETH (minimum of 32 ETH requirement to become a full validator) while retaining liquidity of locked ETH.
What we like less
Greater technical risk around exposure to Ankr smart contract risk. ankrETH is also less liquid than ETH and users must go through an exit queue to redeem back their underlying ETH.
What it means for you
ankrETH is a solid instrument to gain exposure to ETH staking rewards while earning additional yield on top by leveraging the liquid ankrETH in DeFi through lending and market making.
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $59.9M
  • Fully Diluted Valluation: $59.9M
  • FDV / MC: 1
  • Ranking inside Exponential (excluding stables): #75
  • Circulating Supply: 16,904
  • Total Supply: 16,904
  • Volume (24H): $53.2K
  • ATH: $4,733.13 (11/26/2021)
  • ATL: $534.32 (12/24/2020)
Risk Assessment
Best
Asset Strength

ankrETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Ankr, a protocol rated as Watch out.

Asset Tokenomics

ankrETH has an uncapped supply but has inflation control or burn mechanisms in place. ankrETH is backed 1:1 by ETH staked on the Ethereum blockchain. The asset accrues staking rewards automatically. ankrETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (Ankr smart contract bugs).

Asset Volatility

aETHc is highly correlated to the overall market. RETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (delay to ETH merge, Rocket Pool smart contract bugs).

Dependencies

Ankr

Things to know about ankrETH

What is Ankr Staking?

Ankr Liquid Staking allows users to stake their ETH without needing to lock assets or maintain the required infrastructure. These tokens enable users to continue participating in DeFi activities related to lending and market making. Ankr Staking helps address some of the core problems associated with initial ETH staking around illiquidity, immovability, and accessibility.

How does ankrETH work?

ankrETH is a reward-bearing token, which means the value of ankrETH increases over time as staking rewards accumulate. Users receive ankrETH tokens when depositing their ETH into the Ankr staking contract. The ETH is split between node operators and then sent to their respective validators. There are no minimum deposit requirements when staking through Ankr.

How to redeem back for ETH?

ETH deposited into the Ankr staking contract are subsequently locked into the Ethereum PoS deposit contract. The staked ETH is now withdrawable following the Shanghai upgrade. Users must go through an exit queue in order to withdraw their underlying ETH. In the meantime, users can always exchange their aETHc for ETH through exchanges that offer liquidity like Uniswap's ankrETH-ETH pool.

ankrETH Pools
Aura ETH Market Making
5.8%
Yield
$4M
TVL
Risk
C
Protocol
Aura
Chain
Ethereum