Thread by @0xSonictalk

ANKR'S FOCUS: GROWING LIQUIDITY ON FANTOM

With the success of ankrBNB on @BNBCHAIN, @ankrstaking has proven its place in the liquid staking space and now the focus is towards #Fantom!

Let's dive into this thread to know what they are doing on #Fantom 😉👇🏼
$FTM

1/ Liquid staking

The idea behind liquid staking is to allow investors to earn staking rewards while also providing liquidity to #DeFi!

The benefits:
Increased flexibility and liquidity for investors
Increased security for PoS networks
Increased efficiency of #DeFi protocols

3/ Ankr's Move to #Fantom

@ankrstaking's move to the #Fantom will provide investors with a more accessible and user-friendly platform to earn rewards on their staked assets.

3.1/ Ankr has enabled the bridging of ankrETH to the #Fantom

Investors can now stake their #ETH-based assets on #Fantom and earn rewards that can then be used to create yield-farm strategies

Note: Investors can bridge their ankrETH to #Fantom by using 👉🏻ankr.com/staking/bridge/

3.2/ ankrFTM is growing in popularity and has many utilities

The ankrFTM token is used in several liquidity pools, which allow investors to provide liquidity and earn rewards.
Available pool right now is @beethoven_x pool with $980K in TVL and a high yield in the double digits.

4/ ankrFTM on @beethoven_x

With the ability to provide liquidity, Investors can provide liquidity in the @beethoven_x pool by using their ankrFTM tokens.

👉🏻 In return, investors will receive $BEETS as rewards which they can then use to receive even more rewards and further enhancing capital efficiency. 👉🏻 l.linklyhq.com/l/1l7g6

5/ Conclusion

Ankr's move to #Fantom will provide investors with a more accessible and user-friendly approach and this also opens up other abilities for $FTM and the #Fantom chain 👻💙

If you found this article useful, please show @FantomTalk and @ankrstaking some love!

Hope you guys have a great day! 👻💙