- Summary:
- Ankr has integrated Coinbase Wallet to support liquidity staking. Find out what prompted the move and what it means to users.
Web3 infrastructure provider Ankr now allows liquid staking via the Coinbase Wallet. This implies that anyone with a Coinbase Wallet can now use the Ankr Staking platform to easily increase the yield on their Web3 wallet’s holdings. Connecting your Coinbase exchange account to your Coinbase Wallet and from there to Ankr is quick and easy with Coinbase Pay.
How Ankr’s Coinbase Wallet integration works and what it brings
Initiating Ankr Staking requires linking the service to the Coinbase Wallet add-on in the web browser. Users can do this on mobile using the dApp browser built into the Coinbase Wallet app. Also, users can monitor their staked assets via the dashboard area of Ankr Staking or the DeFi tab of Coinbase Wallet.
The integration is a response to user demand. According to the company, one of the most often requested features for Ankr Staking is the ability to link a Coinbase Wallet. To facilitate user access to the most popular decentralized applications (dApps) and DeFi protocols, Coinbase Wallet has integrated a dApp browser directly into its mobile app. It’s convenient for deciding between different networks like Polygon and Ethereum because it lets users transfer, receive, and bridge assets all in one place.
Once a user receives liquid staking tokens, the Ankr Staking platform will automatically deposit them into the user’s Coinbase Wallet. The value of these tokens increases daily as staking incentives are distributed. Stakers can potentially increase their rewards by sending liquid staking tokens from their wallets to DeFi platforms.
With more customization options and security features than its competitors, Coinbase Wallet has quickly become a favourite among DeFi and Web3 fans. For those interested in a genuinely multi-chain experience, it supports Ethereum, all EVM-compatible networks, Solana, and over 5,000 tokens. There are nine unique tokens you can stake on the Ankr platform right now.