Ankr is a blockchain infrastructure platform that offers a liquid staking service that enables holders of Proof of Stake (PoS) assets to earn staking rewards without the need for a lock-up period. Recently, Ankr's liquid staking assets have been trading at a discount compared to their main chain counterparts, which creates an arbitraging trading opportunity for traders and investors.

Ankr's Liquid Staking Assets: Trading at a Discount

Ankr's liquid staking assets, such as ankrETH and ankrBNB, are trading at a discount compared to their main chain tokens. For example, ankrETH is trading at a discount in comparison to ETH, and ankrBNB is cheaper than BNB. This creates an opportunity for traders and investors to buy these liquid staking tokens and then un-stake them on Ankr's liquid staking web app to earn staking rewards.

Ankr's liquid staking service allows users to earn staking rewards without the need for a lock-up period, which is a unique feature compared to other staking services. This feature enables users to unstake their tokens and trade them without any restrictions, which adds to the trading opportunity presented by the discounts on Ankr's liquid staking assets.

Shanghai Upgrade on Ethereum

Additionally, the upcoming Shanghai upgrade on the Ethereum network enables unstaking of assets, which adds to the trading opportunity presented by ankrETH. The upgrade hasn’t gone live to the Ethereum network quite yet but is set to be rolled out in the very near future. When the upgrade is released users will be able to unstake their ETH from the Ethereum network.

Therefore, if you’re interested in an easy arbitraging opportunity you can buy ankrETH at a discount from various DEXs, then unstake the ankrETH on Ankr's liquid staking web app following the Shanghai upgrade and therefore redeeming it for more than what you initially paid for it due to the discount.

The First Liquid Staking ETH to Unstakable

AnkrETH is set to become redeemable from day one after the Shanghai update is integrated into the mainnet. This means that users will be able to redeem their ankrETH for ETH as soon as the Shangai update is live. This is an exciting development for Ankr and their ankrETH stakers as it will allow ankrETH to be the first redeemable liquid staking token on the market.

Arbitraging Opportunity

The discounts on Ankr's liquid staking assets create an arbitraging opportunity for traders and investors. Users can buy ankrETH and ankrBNB at a discount and then unstake them on Ankr's liquid staking web app to earn staking rewards. After the staking period is over, users can unstake their tokens and redeem them for more than what they initially paid due to the discounts.

This arbitraging opportunity enables users to profit from the discounts on Ankr's liquid staking assets and earn staking rewards without the need for a lock-up period. The fact that Ankr's liquid staking assets are trading at a discount compared to their main chain tokens makes this opportunity even more attractive.

Arbitraging with BNB Flash Unstaking

Ankr has released the ability to rapidly unstake your liquid staking BNB tokens(ankrBNB) through flash unstaking. This opens up the possibility for more accessible and rapid arbitraging of the ankrBNB/BNB trading discount. With flash unstaking you can swap liquid staked BNB for BNB instantaneously.

Conclusion

In conclusion, Ankr's liquid staking assets trading at a discount compared to their main chain tokens present an arbitraging opportunity for investors. The fact that Ankr's liquid staking service enables users to earn staking rewards without the need for a lock-up period adds to the trading opportunity presented by the discounts. The upcoming Shanghai upgrade on the Ethereum network further adds to the trading opportunity presented by ankrETH.