$ (ANKR) Ankr - Staking Pools, Staking Insurance, Node Hosting

[John Furrman]

The Ankr platform seeks to make staking crypto easier and more accessible. Having broke 10 cents lately, I'm very optimistic about the future of the platform. Ankr and Stkr seek to address some of the less glamorous parts of Eth2 staking, such as the possibility losing your stake, the lofty 32 Eth bar to entry to become a validator node on Ethereum 2, and more. Ankr's token is ANKR, and recently began trading on Coinbase, which led to the surge in price.

Ankr Web 3.0 infrastructure | Blockchain nodes & APIs | Ankr

www.ankr.com

Documentation: https://ankr.gitbook.io/staking-docs/

I'm pretty jazzed about the Ankr platform lately. The number of integrations with other blockchain protocols it has are impressive.

Are any other Kiwis paying attention to Ankr?

 

[mindlessobserver]

What does it actually do? Lots of buzzwords in its sales pitch. Not alot of substance. How is crypto inaccessible that it needs something to make it easier? Retards can buy it on Robinhood right now.

 

[Cool Dog]

Is it another ether token then? whats so cool about it?

Retards can buy it on Robinhood right now.

Not a good sign after gme

 

[John Furrman]

Is it another ether token then? whats so cool about it?

Not a good sign after gme

It allows you to stake ether without needing the minimum 32 ether. To get to the 32 ether needed to become a validator node, it sources the staked ether from multiple sources into a pool and then divvies the rewards between the sources. If a node fails and is ejected, stakers get their eth back instead of losing it. It's like a mining pool, but with staking instead.

What does it actually do? Lots of buzzwords in its sales pitch. Not alot of substance. How is crypto inaccessible that it needs something to make it easier? Retards can buy it on Robinhood right now.

32 ether is not accessible, that's the minimum to become a validator node on Eth2. That's like 60000 dollars, and only validators can get rewards from transactions

 

[Cool Dog]

It allows you to stake ether without needing the minimum 32 ether. To get to the 32 ether needed to become a validator node,

I've only used btc and know jack about ether besides the tokens, if the price goes up wont the cost be higher than 32 ether? or you only need 1 of these tokens to stake ether?

it sources the staked ether from multiple sources into a pool and then divvies the rewards between the sources

So it pays dividends in eth or something?

 

[John Furrman]

I've only used btc and know jack about ether besides the tokens, if the price goes up wont the cost be higher than 32 ether? or you only need 1 of these tokens to stake ether?

So it pays dividends in eth or something?

As I understand it, Eth2 nodes will always require multiples of 32 eth to be staked to be validators, regardless of the price of ether or the ankr token. And Yep, you get eth rewards proportionate to your staked amount in the stake pool. If the node fails, as they do sometimes, instead of losing your tokens to the void, you're refunded from the Ankr insurance pool

 

[Cool Dog]

As I understand it, Eth2 nodes will always require multiples of 32 eth to be staked to be validators, regardless of the price of ether or the ankr token. And Yep, you get eth rewards proportionate to your staked amount in the stake pool. If the node fails, as they do sometimes, instead of losing your tokens to the void, you're refunded from the Ankr insurance pool

How does that pool works? is it all decentralized?

 

[John Furrman]

How does that pool works? is it all decentralized?

I'm not sure about the technical specifics, but it is decentralized, and there's more info in the documentation: https://ankr.gitbook.io/staking-docs/

 

[mindlessobserver]

Seems like an interesting idea at the very least, though in wonder if the Ethereum Foundation will appreciate the work around. Maintaining the high cost of entry to be a validator is part of how they convinced people to upgrade to ETH 2

 

[John Furrman]

GOOD day

 

[Vapid_Idiot]

I dumped some money into this, its a pirates life for me boys

 

[John Furrman]

A healthy recovery maybe

 

[An Avenging Bird]

7 billion tokens in circulating supply with a max of 10 billion.
It would take a market cap of $100 billion to hit $10.
Hard pass.

 

[John Furrman]

7 billion tokens in circulating supply with a max of 10 billion.
It would take a market cap of $100 billion to hit $10.
Hard pass.

If you're looking for quick returns, you're ignoring the easy 5x at 10 billion. A few years from now 100 billion dollar networks might not be as uncommon considering all the inflation lately and in store for the future

 

[Vapid_Idiot]

We need to shill this on /biz/ reddit etc

 

[mindlessobserver]

I've decided to start accumulating this in small chunks with my spare change. I have a feeling staking is going to be the new hotness in the coming years. Even if this doesn't go "to 10 dollars", it going to 1 dollar would still be a massive return on investment. For those curious, I am holding primarily ETH and BAT, and am supplementing with ANKR and VET. The latter as soon as Binance gets around to approving me to buy. I know they are under investigation atm, but that is the only exchange selling VeChain atm.

 

[shameful existence]

So the Ankr team runs the Stkr protocol that uses these three tokens and allows you to stake your >0.5 eth. Unlike staking on a big exchange, it's decentralized. From their Twitter, it looks like they had some slashing events back in 2020, which is the main thing people bring up when someone tries to shill it online, but the losses were covered by the insurance. Is that correct?
Does anyone here use it?

 

[John Furrman]

So the Ankr team runs the Stkr protocol that uses these three tokens and allows you to stake your >0.5 eth. Unlike staking on a big exchange, it's decentralized. From their Twitter, it looks like they had some slashing events back in 2020, which is the main thing people bring up when someone tries to shill it online, but the losses were covered by the insurance. Is that correct?
Does anyone here use it?

I tried to stake some Eth in my mobile wallet but it doesn't seem to be working. They seem to be out of resources to spin up new providers on their node hosting platform at the moment too. If I had to take a guess, demand is higher than the resources Ankr can supply

 

[TerminalTryHard]

So are people still optimistic about ANKR?

 

[John Furrman]

So are people still optimistic about ANKR?

I still feel good. There's room for growth and the technology is still cool. Crypto is on its way up in the long term and a rising tide will carry all ships. Just think about useless stuff like Eth Classic for coins that were necro'd out of nowhere one day.