Web 3.0 infrastructure provider Ankr has added Coinbase Wallet support for liquid staking. The integration will allow Coinbase Wallet users to liquid-stake assets stored in their wallets on the Ankr staking platform.
Liquid staking allows users to delegate their tokens to a validator that stakes the asset on their behalf without losing access to their funds.
Interoperability of DeFi Ecosystems
Ankr announced the integration on the 2nd of November. It was a highly requested feature by the community, enabling users to interact with their staked assets in both ecosystems.
This integration allows users to interact with Ankr apps without first withdrawing crypto assets from their Coinbase account to a self-custody wallet. The Ankr Staking platform, in particular, immediately transfers freshly granted liquid staking tokens to the user’s Coinbase Wallet.
When stakers receive liquid staking tokens in their wallets, they can transfer them to DeFi platforms to increase their earnings through liquidity mining, LPs farming rewards, staking rewards on farmed tokens, automated yield farming rewards from vaults, and enhanced trading opportunities to exit staking at any time.
Interoperability will work from…
