JP-22 : Open a ankrAVAX-AVAX Market

Summary:

Ankr proposes to the Trader Joe’s community the creation of an ankrAVAX-AVAX 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 AVAX Liquid Staking offers instant liquidity for your staked AVAX, enabling you to connect your ankrAVAX tokens with DeFi platforms and earn several more layers of rewards increasing the capital efficiency of your staked AVAX.

ankrAVAX is a reward-bearing token, meaning that the fair value of 1 ankrAVAX token vs. AVAX 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 : ankrAVAX is a receipt Token that represents staked AVAX

Specifications:

Avalanche Token: ankrAVAX - 0xc3344870d52688874b06d844e0c36cc39fc727f6 Market History: https://www.coingecko.com/en/coins/ankr-staked-avax#markets

Other Useful Links:

• Website: https://www.ankr.com/ • Documentation: https://www.ankr.com/docs/liquid-staking/avax/overview/ • Audit: https://assets.ankr.com/staking/smart_contract_security_audit_avax_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