Ankr Staked AVAX price

AnkrAVAX

Ankr Staking offers AVAX token holders the opportunity to stake AVAX and, in return, claim AVAX Liquid Staking tokens — ankrAVAX. ankrAVAX also offers instant liquidity for your staked AVAX, enabling you to connect ankrAVAX with DeFi platforms and earn several more layers of rewards.

ankrAVAX is a reward-bearing token, meaning that the fair value of 1 ankrAVAX token vs. AVAX increases over time as staking rewards accumulate inside the token.

• • Generate Multiple Layers of Rewards: Use ankrAVAX on DeFi platforms to enable you to multiply your earning potential in APY on top of your staking rewards!
• • Low Impermanent Loss: Contributing ankrAVAX for liquidity with tokens like AVAX means a low risk of impermanent loss, expanding the upside of providing liquidity for a more stable and profitable experience.
• • Compound Your Staking Rewards: Your staking rewards will compound daily as the value of ankrAVAX in your wallet increases vs. AVAX.
• • Support & Secure AVAX: Staking AVAX directly supports the AVAX network and helps validate transactions. Ankr’s staking system distributes staked tokens intelligently across the AVAX ecosystem to achieve optimal decentralization.
• • Elastic Supply: Users can trade their ankrAVAX tokens for their staked AVAX anytime.