Maximize Rewards with FLOW Liquid Staking
Kevin Dwyer
October 10, 2024
4 min read
Ankr Staking was thrilled to announce our liquid staking support for FLOW, offering Flow blockchain enthusiasts the easiest way to make the most of their staking rewards. We’ve already seen an influx of 6,274,846 FLOW staked with Ankr! Read on to see why the offering is making such big waves.
What is FLOW liquid staking?
By staking your FLOW tokens on Ankr’s platform, you receive ankrFLOW — a liquid staking token that offers more than just traditional staking rewards. With ankrFLOW, your rewards automatically grow every day as the tokens grow in value, and you can unlock additional earning opportunities across DeFi. Below you can see why staking your FLOW with Ankr Staking is the smartest move for maximizing your rewards.
Why Choose Liquid Staking with Ankr Staking?
Staking FLOW tokens on Ankr's platform allows you to enjoy the benefits of liquid staking, an innovative solution that offers more flexibility in the ability to stake and unstake any time (as easy as a swap), while also providing more reward-earning opportunities for users.
Here are the main reasons to stake your FLOW tokens with Ankr Staking:
Earn Competitive FLOW Staking Rewards (10.65% APY)
Ankr Staking currently offers a highly competitive 10.65% APY on your staked FLOW tokens. By holding ankrFLOW, you’ll receive these staking rewards automatically — no need to claim or reinvest earnings manually. This allows you to earn passively while your ankrFLOW balance continues to appreciate.
Boost Your Earnings With DeFi Opportunities
While earning staking rewards, you can use your ankrFLOW tokens to unlock a second layer of rewards in the broader DeFi ecosystem. AnkrFLOW is already supported on popular DeFi platforms like KittyPunch and Trado DEXes, where you can contribute your ankrFLOW for additional rewards. This creates a powerful opportunity to double-dip: earning both your FLOW staking rewards and extra returns from DeFi protocols at the same time.
By exploring the MORE Markets lending protocol, users can stack their APY opportunities by staking FLOW on Ankr Staking to get ankrFLOW, and contributing ankrFLOW to the Super Flow Vault to earn more FLOW yield plus Flow Boxes. This allows users to loop their position and earn yield on yield in the Flow ecosystem.
Earn Even More With Flow Boxes
In addition to staking and DeFi rewards, staking FLOW with Ankr also gives you access to exclusive incentives through Flow Community Rewards Season 1. As a participant, you can earn Flow Boxes that unlock points toward even more prizes. This gamified rewards system allows you to engage with the Flow blockchain community while maximizing your staking experience.
Full Flexibility & Control
With liquid staking, you are no longer locked into a staking period with your tokens. You retain the flexibility to trade your ankrFLOW tokens across various DeFi platforms. This makes liquid staking the perfect solution for investors looking to maximize their earning potential while keeping their assets flexible.
How to Get FLOW Crypto: A Quick Tutorial
If you don't have FLOW tokens for staking yet, follow these simple steps to get started:
- Bridge USDC from Ethereum to Flow EVM:
- First, go to the decentralized bridging platform Celer Network.
- Bridge your USDC from the Ethereum Mainnet to the Flow EVM network.
- After bridging, Flow protocol will automatically send you a small amount of FLOW tokens for gas fees, so you can complete transactions on Flow's decentralized exchanges (DEXes).
- Swap USDC for FLOW Tokens:
- With your bridged Flow EVM USDC and initial FLOW for gas fees, head over to one of the supported DEXes like Trado and KittyPunch to swap your USDC for FLOW.
- Go With the Flow:
- Once you’ve swapped your USDC for FLOW, you’re all set! You now hold FLOW tokens and can start exploring earning opportunities like Ankr’s Flow liquid staking.
Start Staking FLOW on Ankr Today
Liquid staking FLOW with Ankr is a unique opportunity to earn staking rewards while keeping your tokens liquid and active in the DeFi space. By staking today, you’ll not only earn a solid APY but also gain access to extra layers of rewards through DeFi platforms and Flow’s gamified rewards program.
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