JP-25: Open a ankrETH-ETH Market

*Proposed in discord by pratinhas. Temperature check 25 votes for and 1 against.

Summary:

Based on all the amazing support we received from the Joe community on our ankrAVAX/AVAX pool, Ankr proposes to the Trader Joe’s community the creation of an ankrETH-ETH Market.

High Level:

Protocol Overview

Ankr is a decentralized blockchain infrastructure that helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users. Our latest partnership with Microsoft and Tencent, helps our ambitions become a reality.

Ankr also has a wide Liquid Staking Offering where ETH Liquid Staking offers instant liquidity for your staked ETH, enabling you to connect your ankrETH tokens with DeFi platforms and earn several more layers of rewards increasing the capital efficiency of your staked ETH.

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

Ankr is a leader in RPC nodes with projects like Aave, 1inch and SushiSwap as clients and has ~$200M TVL across the Liquid Staking Offering.

Tokenomics:

n/a : ankrETH is a receipt Token that represents staked ETH

Specifications:

Avalanche Token: ankrETH - 0x12d8ce035c5de3ce39b1fdd4c1d5a745eaba3b8c Market History: https://coinmarketcap.com/currencies/ankreth/

Other Useful Links:

• Website: https://www.ankr.com/ • Documentation: https://www.ankr.com/docs/liquid-staking/eth/overview/ • Audit: https://assets.ankr.com/staking/smart_contract_security_audit_aeth_beosin.pdf • Github Page: https://github.com/Ankr-network • Twitter: https://twitter.com/ankr / https://twitter.com/ankrstaking • Reddit: https://www.reddit.com/r/Ankrofficial/ • Telegram: Contact @ankrnetwork