![TransFi2.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Trans_Fi2_1a3624d21a.jpg)


At its heart, the [Ankr AppChains](https://www.ankr.com/app-chains/) product is about empowering enterprises and Web3 applications to reach millions of new users by improving the technology and user experience behind them. With this core idea in mind, Ankr has partnered with TransFi to offer the optional feature of a fiat onramp/offramp solution.

> “By integrating with TransFi, we’re unlocking a wealth of new value for the AppChains product, equipping our clients with a powerful feature within their dApp or business that will attract the non-crypto experienced user base. With seamless fiat onramp /offramps, Ankr AppChains will empower our clients to build in a way that removes the barriers to entry which have hindered widespread adoption of Web3, enabling a smooth transition for new blockchain users, resulting in steady, consistent adoption of crypto over time.”
**– Kev Silk, Product Manager, Ankr AppChains**

## What Does the TransFi Feature Mean for AppChains?

Ankr’s partnership with [TransFi](https://www.transfi.com/) means that all AppChain projects now have an **optional feature available to improve their Web3 application experience**: a built-in fiat onramp and offramp solution. Fiat onramps allow Web3 app users to convert traditional fiat currency, such as US dollars, Euros, and Yen, into cryptocurrency, letting them skip the process of buying tokens on an exchange and potentially transferring them multiple times.

By choosing to include a TransFi integration for their project, enterprises can empower their new Web3 applications to:

- Enable seamless purchasing of the AppChain’s token
- Provide an easy, affordable, and user-friendly onboarding experience
- Increase conversion rates and turn prospective users into devoted community members

## Transforming the Web3 App Experience

On top of every other improvement to scalability and UX that AppChains offers, a fiat on & offramp makes the experience of Web3 apps no more difficult than using any conventional website or mobile app. Easier Web3 experiences are the key for enterprises to win over customers, especially for enterprises with non-Web3 demographics.

### How It Works

- When logging into the enterprise’s application, users are prompted to create an account or sign in via traditional methods they are familiar with.

- Once users need to purchase the AppChain client’s token, they will go through a simple process of connecting a credit card, bank account, or popular local payment methods such as PromptPay.

-  The user will then select the specific amount of fiat they would like to exchange for the AppChain token. Keep in mind that the user interface can be customized to be consistent with the client’s other branding.

![transfi1.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/transfi1_e167e9e3cf.png)

-  Once the transaction is complete, the funds will be sent to the user’s Web3 wallet, and they will have full access and control over their address and their new assets.

- The user is then free to use their new funds in the app, send them to external wallets such as MetaMask, or exchange them back for fiat using the TransFi integration.

## Benefits for AppChain Clients

#### Improving ROI for Enterprises

Having a fiat onramp/offramp solution greatly improves the ROI of Web3 projects for Ankr AppChain clients:

- **Expands Token Liquidity:** Fiat onramps offer more avenues for purchasing tokens. Even if an AppChain client’s token is not widely listed on centralized exchanges like Coinbase or decentralized exchanges like Uniswap, the fiat onramp provides a readymade first stop for all AppChain users. Having the token readily accessible offers greater liquidity with the potential to boost trading volume, TVL, and price stability from the beginning.

- **Provides Regulatory Compliance:** TransFi provides a robust KYC solution that includes instant identity verification and extensive screening to mitigate fraud, meet government regulations, and offer safer experiences.

- **Enhances Multichain App Utility:** TransFi allows AppChain clients to create apps, such as new DeFi protocols, that allow users to purchase all kinds of tokens – not just their native token. That includes BTC, ETH, MATIC, DOT, and many others.

#### Boosting the Success of New Ecosystems and Their Assets

If a non-crypto user downloads your app and it asks them to top up their account with your token to continue, but your token is difficult to buy, it will is likely game over. However, applications using TransFi as a fiat onramp boast a **90%+ transaction conversion rate**, as your application customers will be able to use their country's most popular payment methods to convert fiat into your native tokens.

#### Opening the Floodgates to Millions of New Users

Much of the world still doesn’t know how to use Web3 applications to no fault of their own. There is a learning curve to purchasing crypto, sending it to different wallets, and interacting with various tools like block explorers. Having a fiat onramp available makes using your application as easy as any platform using digital payment solutions like Apple Pay or Paypal, expanding your market to millions of new users unfamiliar with Web3 experiences.

## Benefits for AppChain End Users

#### Saving Users Time, Effort, and Money

TransFi makes users’ lives easier by creating the fastest way to purchase native AppChain tokens so they can begin interacting with Web3 apps immediately. Furthermore, users can avoid all of the extra processes and fees associated with purchasing tokens on an exchange, transferring them to another wallet, and then finally sending them to the AppChain wallet.

#### Making Web3 Applications Extremely User Friendly

The TransFi fiat onramp feature allows users to connect the most popular payment options unique to their home countries and use them to purchase tokens. With over 140 countries supported, TransFi allows users from all types of economies to use payment methods that are convenient for them.

#### Making Life Easier Even for Experienced Web3 Users

Just because you are well-versed in Web3 experiences doesn’t mean you’ll want to go through all the additional processes and gas fees associated with finding and purchasing tokens on an exchange and then deploying them on an application. The TransFi integration offers an easy way to purchase tokens while still letting advanced users send them to other wallets or blockchains as they wish.

## Final Thoughts

The optional TransFi feature helps make Web3 applications more user-friendly and boosts the success of new ecosystems and their assets. Ankr will continue to offer every scalability and UX improvement possible for enterprises developing Web3 projects with AppChains. With Web3 applications offering user experiences that rival the seamless flow of their Web2 counterparts, but with unique digital asset benefits, we are truly starting down the path of onboarding the next billion users to the future web.

## Join the Conversation on Ankr’s Channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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TransFi’s Fiat Onramp Enabled for Ankr AppChain Clients

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Kevin is a business writer, journalist, and avid explorer of the blockchain and tech industry. His work has been covered across crypto and traditional media as Ankr’s Senior Writer, with topics spanning the big picture of “Web3,” tech breakthroughs, and how blockchain is changing our digital lives. Working with some of blockchain’s most talented engineers daily, Kevin gains unique insight into what advances we can expect next and the implications they hold for us all.

Technical Writer

Kevin Dwyer

![Twitter Post_02.01.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Twitter_Post_02_01_465282cb8c.jpg)



# The Ankr Liquid Staking Solution


The partnership between Ankr and Midas has resulted in the creation of [an innovative liquidity pool](https://app.midascapital.xyz/56/pool/18) that addresses one of the key limitations of traditional staking. With the Ankr [Liquid Staking](https://www.ankr.com/blog/liquid-staking-a-comprehensive-guide/) solution, users can earn rewards while maintaining their asset liquidity. However, the latest addition of the isolated lending and borrowing pool for AnkrBNB with the additon of HAY, and Thena LPs opportunities takes this to the next level.


# Unlocking Isolated Lending Pools


The [isolated pool solution](https://app.midascapital.xyz/56/pool/18) offered by Midas in a partnership with Ankr is a custom interest rate model that guarantees a minimum yield for lending LPs higher than other pools. This makes it more rational for users to provide liquidity for such pools without the need for unreasonable incentives. It enables users to lend and borrow assets in a single pool, which is a major innovation in the DeFi space.


[The pool](https://app.midascapital.xyz/56/pool/18) not only has AnkrBNB but also HAY and Thena LPs. This allows users to deposit and borrow against different assets, providing them with greater flexibility and capital efficiency. Midas automatically stakes the LP position on Thena, enabling users to acquire THE rewards while being able to borrow against their LP position.


# The Efficiency of Ankr and Midas' Solution


Moreover, by leveraging the yield generated from Thena LPs, users can borrow the assets that compose the LP and deploy them on Thena again, compounding their earnings and maximizing their returns. This provides users with a powerful tool for managing their cryptocurrency assets and earning passive income through staking and liquidity provision.


The Ankr and Midas partnership is a game-changer in the DeFi space. It provides a flexible and efficient way to participate in staking activities while maintaining liquidity. The isolated pool solution ensures that users have access to a minimum yield for lending LPs, which is higher than other pools, ensuring they get the best returns on their investments.


One of the key advantages of this innovative solution is that it allows users to participate in staking activities without sacrificing liquidity. This is essential in a rapidly evolving market like DeFi, where the value of different assets can change rapidly. With this liquidity pool, users can keep their assets liquid while earning rewards, which is a unique proposition in the DeFi space.


Another key advantage of the [Ankr and Midas partnership](https://app.midascapital.xyz/56/pool/18) is the efficiency of their solution. The new IRM implemented eliminates the need for unreasonable incentives to attract liquidity, as users have access to a minimum yield higher than other pools. This ensures that liquidity providers get the best returns on their investments, with minimal effort and time.


# Ankr’s Growing Focus on the Binance Smart Chain


Ankr has been focusing on the Binance Smart Chain and has partnered with to increase the TVL of ankrBNB. By doing so, they have achieved the highest TVL on BSC. Ankr also has a massive BNB pool with innovations that get at capital efficiency. 



Ankr has been focusing on growing the total value locked (TVL) and utilization of ankrBNB on the Binance Smart Chain (BSC). Currently, Ankr has the highest TVL of liquid staked BNB on the BSC network due to our consistent work in the ecosystem. Furthermore, Ankr has released ankrETH on the Binance network as well. 

In addition, Ankr has developed a massive BNB pool with innovations that increase capital efficiency. By focusing on the BSC network, Ankr is able to offer innovative capabilities to the DeFi space, making it an attractive option for those looking to participate in the non-custodial crypto ecosystem. 


# Participate in the Liquidity Pool


![M1.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/M1_d831090837.png)


If you are interested in participating in the Ankr Liquid Staking solution with the isolated lending and borrowing pool, you can check it out on Midas Capital Pool **[here](https://app.midascapital.xyz/56/pool/18)**. 


This innovative solution is set to change the game for DeFi liquidity provision. By using a separate lending and borrowing pool, Ankr Liquid Staking provides users with greater flexibility in terms of staking and lending their assets. This means that users can earn rewards both from staking and lending their assets, which in turn leads to greater capital efficiency


## How to Acquire ankrBNB for Liquidity Pool


To acquire ankrBNB, users can go to [Ankr's staking dashboard](https://www.ankr.com/staking/stake/bnb/) and stake their BNB. This will allow them to earn rewards in the form of [ankrBNB](https://coinmarketcap.com/currencies/ankr-staked-bnb/), which can then be used to participate in the innovative liquidity pool created by Ankr and Midas. Alternatively, users can trade for ankrBNB on secondary exchanges (see [full list of DEXs with ankrBNB](https://www.ankr.com/staking/defi/?networks=bnb)).


Staking BNB on Ankr's staking dashboard is a straightforward process that can be completed in just a few steps. Once a user has staked their BNB, they will begin earning rewards in the form of ankrBNB, which can be used to participate in the liquidity pool. Trading for ankrBNB on secondary exchanges like DEXs is another option for users who do not have BNB to stake. However, it is important to note that trading on DEXs can be riskier than staking on Ankr's dashboard, so users should exercise caution and do their research before making any trades.


![M2.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/M2_7286e511af.png)



## Deposit ankrBNB in the Midas Pool


To get started all you’ll need to do is deposit your newly acquired ankrBNB into the Midas pool. You will do this by first navigating to [the Midas Pool](https://app.midascapital.xyz/56/pool/18), and then clicking on the row that says ankrBNB.  


![M3.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/M3_861adab5fc.png)


From there you will click supply. 


![M4.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/M4_ac439a2eb2.png)


Which will prompt you to deposit the amount of ankrBNB that feels suitable for you. As of writing this, the APY is a whopping 23.76% for supplying ankrBNB. So not only will you get the staking yield from having BNB liquid staked, you’ll also receive a double digit yield on top of that. 


![M5.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/M5_a622cc33de.png)


# Conclusion


In conclusion, the Ankr and Midas partnership and the launch of the innovative liquidity pool with isolated lending and borrowing is a significant development in the DeFi space. It addresses the limitations of traditional staking by providing a flexible and efficient way to participate in staking activities while maintaining liquidity. The addition of the isolated pool solution ensures that users have access to a minimum yield higher than other pools, which makes it more rational to provide liquidity. With greater flexibility and capital efficiency, this innovative solution is set to change the game for DeFi liquidity provision.

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Ankr and Midas Partner to Launch Innovative Liquidity Pool

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Ethan Nelson, a DeFi enthusiast and member of the Ankr Staking team, delves into DeFi topics with expertise. His insightful articles simplify complex concepts, empowering readers to navigate the dynamic world of decentralized finance confidently. Stay informed with Ethan's illuminating content on all things liquid staking and DeFi related.

Ethan Nelson

![mantle.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/mantle_b1740cc093.jpg)


### Start building on the first modular Layer 2 with Ankr’s RPC connection and gateway to communicate with the Mantle testnet.

Ankr is thrilled to announce we are making an important addition to our RPC service with the Mantle network testnet! This is great news for developers looking to get the jump on building on top of Mantle for scalable dApps! Users will be able to access Mantle Public and Premium RPCs, make request calls, and receive information returns that are identical to the results they would get by running a Mantle full node themselves.

## What is Mantle?

Mantle is a high-performance Ethereum layer-2 network built with modular architecture delivering low fees and high security. Builders can leverage Mantle’s unique design and optimistic roll-up tech to build dApps with exceptional UX, all while relying on Ethereum’s unmatched security.

[Learn more about Mantle.](https://www.mantle.xyz/)

## What Are Ankr’s New Mantle RPC Connections?

- Ankr’s Mantle RPCs (Remote Procedure Calls) connect your wallet, command-line interface, or dApp with the Mantle testnet. They act as a messenger or blockchain router that relays on-chain information between Mantle nodes, dApps, and ultimately end-users so they can execute necessary tasks like transactions, populate wallet balances, fetch ownership information, and much more.

- Mantle RPC endpoints are a gateway for developers to interface directly with Mantle testnet— a portal to communicate easily, remotely, and with no need to go through the DevOps of establishing their own Mantle nodes.

- Ankr is providing a geo-distributed Mantle RPC comprised of blockchain nodes running worldwide for incredibly low-latency and reliable connections.

**Get started now with our [Mantle RPC endpoints](https://www.ankr.com/rpc/mantle)!**

## How Do the Mantle RPCs Help Developers?

Building with Mantle is an excellent choice to create secure and scalable dApps but requires access to the information on Mantle nodes to do so. Therefore, Ankr’s RPC solves the following developer troubles:

**Eliminates complex node ops** - Ankr’s Mantle RPCs will completely remove the need for many developers to set up their own Mantle nodes, removing hours of time spent building, calibrating, and fixing node issues.

**Grants access to advanced tools** -  Ankr’s [Premium RPC Plan](https://www.ankr.com/rpc/pricing/) instantly grants access to the best tools to build applications quickly, including:
- At least 1,500 Mantle req/sec
- Dedicated Mantle endpoints
- Prioritized requests
- WebSockets (WS) capabilities

**Powers apps and open-source software that need access to Mantle** - Connect with a cluster of high-performance nodes that holds the information you need to build and operate dApps with Mantle chain capabilities.

**Supports the Mantle network** - Ankr will strengthen the Mantle network globally by offering easier development and a broader, decentralized node infrastructure.

## How to Make Your First Call to Mantle

You can get started now by heading to [Ankr’s RPC Service](https://www.ankr.com/rpc/) to make your first call! You can use the endpoint https://rpc.ankr.com/mantle_testnet to call the Mantle chain using the standard EVM JSON RPC methods.

## Join the Conversation on Ankr’s Channels!

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Mantle Layer 2: Ankr’s Newest Blockchain RPC Connection

![info caching.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/info_caching_8cf6682331.jpg)


### Powering ultra-fast multichain interactions with pre-stored data for the most popular requests – all available via a single endpoint.

When Web3 developers are asked about what matters most in their RPC service, the most common answers are speed and reliability. When it comes to speed, there are a variety of things Web3 infrastructure providers can do to optimize performance. However, there are three core areas that make a big impact on Ankr’s RPC API response times.

## Three Keys To Improving Response Times

- **Making sure requests reach nodes fast:** Quickly routing RPC requests to nodes that can serve them is the important job of [load balancers](https://www.ankr.com/blog/ankrs-rpc-performance-advantage-load-balancing/).

- **Improving available node distribution and performance:** Having full and archive nodes up and running [around the world](https://www.ankr.com/blog/ankr-RPC-performance-advantage-global-bare-metal-node-infrastructure/) is important to reduce latency by serving RPC requests closer to users.

- **Have cached data ready and waiting for requests:** Sometimes, it is possible for users’ blockchain requests to skip the process of querying nodes as the response has already been completed and stored (cached) for future use.

## Data Caching & Ankr’s Advanced APIs Explained

Data caching in the context of Remote Procedure Call (RPC) requests refers to the practice of storing the results of requests temporarily in a cache so that if the same request is made again, the cached result can be returned almost instantaneously without having to recompute or fetch the data from remote nodes. This can significantly reduce latency and the traffic load for nodes, as well as improve the overall performance of decentralized applications, especially multichain apps.

Data caching can be thought of as a shortcut for requests to deliver their desired outcomes. We cache many query responses in our load balancing layer for fast turnaround on common requests of data close to the chaintip. On top of this, Ankr’s [Advanced APIs](https://www.ankr.com/advanced-api/) index node responses for common archive data queries, which provide the fastest possible round-trip request times for large archive data queries. The data is stored according to response type, so it is ready for rapid delivery to clients, serving as an additional way to reduce request processing times in many scenarios.

Ankr’s Advanced APIs take blockchain data and optimize, index, and cache it to make it readily accessible, as well as combine multiple query results for specific use cases such as NFTs and Token data. The Advanced APIs support major EVM-compatible blockchains, so you can search once across several different blockchains at the same time, for example, to see the balance of your address and assets on Ethereum and Polygon in one query. You can start using Advanced API methods by using the single endpoint available below.

**[Get Started](https://www.ankr.com/rpc/advanced-api) for Free and use all Advanced APIs with just one endpoint**

![single entry point.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/single_entry_point_963cc25fce.png)

## An Analogy: The Efficient Librarian

To understand data caching simply, we can use an example of a physical library you might visit frequently to find books. You always go to the librarian and ask her for help in finding a specific book. She then writes down your book request on a note and travels up two flights of stairs to locate the book in the stacks, heads down the stairs, and back to you to deliver your book.

However, this is a very smart librarian, and she’s always thinking of ways she can speed this process up and avoid all those stairs. She’s formed a new habit of keeping notes of the most popular book requests. She then stashes copies of the most requested books in her “cache” under the front desk. This way, the next time you come in, she can hand you your requested books almost as soon as the words leave your mouth. Additionally, she keeps track of the most requested books from different libraries (different blockchains) and keeps those on hand as well. That way, your single request for information is returned in one response from each library automatically instead of needing to make the request each time per library (blockchain). These are the same principles Ankr’s Advanced APIs use to deliver data to clients faster.

## How Ankr Used Advanced APIs To 5x Loading Speeds

Ankr is a unique company in that we are often the first to beta-test our own products. As soon as Ankr created our Advanced APIs, we put them to work for one of our products – Ankr Staking. The Ankr Staking dashboard lets users know where their assets stand, whether they are staked on the platform or held in their wallets. To have the front end properly populate all this information for users, it needs to get a history of events for everything that will affect the users’ balances. Here’s how Advanced APIs revamped this process:

- The staking dashboard needed to perform in the realm of 1500 requests to update the front end in a process that took up to 60 seconds to load – a wait time that is less than ideal for user experience.

- Ankr’s team implemented the Advanced API method ankr_getLogs to decrease the number of requests needed to just 100 thanks to the ability to query multiple chains at once with very fast response times.

- Now, the dashboard loads in usually no longer than 10 seconds and optimally just 2-3, making a much better experience for all those using Ankr Staking.

![staking dashboard.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/staking_dashboard_70188967fa.png)


## Advanced API Methods

Ankr currently has three powerful Advanced APIs: NFT, Query, Token, as well as some Early Access queries that show the results of our R&D towards the increased utility of the API. **All of these methods can be employed via a single endpoint as mentioned above:** Below, you can explore each one of these APIs and how they work.

### NFT API: Pull NFT Data Across Web3

Projects that integrate NFTs, like virtual worlds, decentralized games, galleries, marketplaces, and others, often need to pull data across a breadth of collections across chains, which can be a challenge. Ankr’s NFT API makes it simple. The API makes it easy to find the details about which collection an NFT belongs to, when it was minted, its past transaction history, who currently owns it, and much more.

The API can request NFT-related data (owners, listings for particular wallet addresses, collections, time of minting, transaction history, and other metadata) across several EVM-compatible chains at once with a single request.

Easily query NFT data across virtual worlds, games, chains, galleries, marketplaces, and more with the following methods:

- ankr_getNFTsByOwner — Retrieves a list of holders (wallet addresses) of the specified NFT.
- ankr_getNFTMetadata — Retrieves the metadata of to the specified NFT (ERC721/ERC1155/ENS/POAP).
- ankr_getNFTHolders — Retrieves a list of holders (wallet addresses) of the specified NFT.

### Query API: Near-Instant Blockchain Data Retrieval

Query API is an access-ready solution that enables your projects to interact with multiple blockchains in a single request. By indexing blockchain data from all eight currently supported chains, searching through large amounts of data is easier and faster than ever before. Query API has almost instantaneous processing speeds (thanks to new key-value filtering) for searches that might ordinarily take hours to process. Query API serves to request info on the ranges of blocks (max range is 100) for a full list of block metadata.

Search a wide range of blocks across chains and get nearly instant results for addresses, events, block ranges, logs & other stats by using:

- ankr_getBlockchainStats – Retrieves blockchain statistics.
- ankr_getBlocks – Retrieves details of the specified range of blocks.
- ankr_getLogs – Retrieves historical data for the specified range of blocks.
- ankr_getTransactionsByHash – Retrieves details of the transaction specified by its hash.
- ankr_getInteractions – Retrieves a list of blockchains on which interactions (tokens, NFTs, transactions) were registered for the specified address.

### Token API: Token Data at Your Fingertips

Ankr’s Token API helps deliver information about tokens on any of the currently supported chains. The Token API allows developers to query things like account balances, how many currencies exist on a given blockchain, how many token holders a given currency has, and a token’s current value.

Notably, our Token API uses on-chain data only, leaving third parties and potential inaccuracies behind. Ankr constantly scans for on-chain transactions coming from DEXs — flagging transactions and aggregating data into accurate token price feeds in real-time. These tools are crucial for Web3 projects like marketplaces and exchanges looking for efficient ways to query accurate, on-chain data for tokenized assets.

Query data for balances, currencies, token holders, and prices across blockchains with the following methods:

- ankr_getAccountBalance – Retrieves the balance of a particular account.
- ankr_getCurrencies – Retrieves a list of all currencies used on the specified blockchain.
- ankr_getTokenPrice – Retrieves the USD price of the specified token.
- ankr_getTokenHolders – Retrieves the metadata and a list of holders (wallet addresses) of the specified token.
- ankr_getTokenHoldersCount – Retrieves the number of holders of the specified token.

### **[See What You Can Build](https://ankr.hashnode.dev/) With Advanced APIs In Our Developer Guides**

## Join the Conversation on Ankr’s Channels

[Twitter](https://twitter.com/ankr) | [Telegram Announcements](https://t.me/anrknetworkann) | [Telegram English Chat](https://t.me/ankrnetwork) | [Help Desk](https://ankrnetwork.atlassian.net/servicedesk/customer/portal/10) | [Discord](https://discord.gg/e4n8mAejGb) | [YouTube](https://www.youtube.com/channel/UCErrNjCg6raOsq5MQ9fpIig) | [LinkedIn](https://www.linkedin.com/company/ankr/) | [Instagram](https://www.instagram.com/ankr) | [Ankr Staking](https://eth2.ankr.com/)

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Ankr’s RPC Performance Advantage: Data Caching & Advanced APIs

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Ankr is a leading provider of Web3 infrastructure, dedicated to making the decentralized world more accessible and user-friendly. Liquid staking is one of the services that Ankr offers, and it has quickly become a popular way for investors to earn rewards on their staked assets. In this article, we will explore Ankr's move to the Fantom network and how this will benefit investors.

# What We’re Doing At Ankr

Ankr is a blockchain infrastructure company that provides Web3 solutions for developers, enterprises, and end-users. Ankr's mission is to create an accessible and user-friendly decentralized world, and they do this by providing a full-stack Web3 infrastructure platform that makes it easy for anyone to build, deploy, and use blockchain applications.

Ankr's platform offers a wide range of services, including node hosting, staking, and many developer-focused services like RPC nodes and app chains. The company's services are designed to be affordable, scalable, and secure, making it easy for developers to build decentralized applications and for end-users to access them.

# Liquid Staking

Liquid staking is a relatively new concept in the world of blockchain, and it allows investors to earn rewards on their staked assets without sacrificing liquidity. When investors stake their assets, they are essentially locking them up in a smart contract, which makes them illiquid. However, with liquid staking, investors can receive a token that represents their staked assets, which they can then use to trade or provide liquidity in a decentralized exchange (DEX).

Ankr has quickly become a leader in the liquid staking space, with the highest Total Value Locked (TVL) for liquid staked BNB on the Binance Smart Chain using ankrBNB.

The idea behind liquid staking is to allow investors to earn staking rewards while also providing liquidity to DeFi protocols, increasing the efficiency and accessibility of these protocols. The benefits of liquid staking are significant, including increased flexibility and liquidity for investors, increased security for PoS networks, and increased efficiency of DeFi protocols.

## Increased Capital Efficiency of Liquid Staking

One of the primary benefits of using liquid staking tokens in DeFi protocols is the increased capital efficiency they provide. Instead of requiring additional collateral to generate liquidity, staked tokens can be used directly, reducing the amount of capital needed to participate in DeFi activities. This increased efficiency can help drive down transaction costs and make DeFi protocols more accessible to a wider range of users. Furthermore, as the number of investors participating in liquid staking increases, the amount of staked tokens available for liquidity provision will also increase, leading to greater liquidity and more opportunities for users to participate in DeFi activities.

## Using Capital Efficiency for Yield Earning

Another benefit of using liquid staking in liquidity pools is the potential for increased rewards over time. As the TVL in the pool grows, so does the value of the staked tokens, potentially leading to both staking rewards and a share of the fees generated by the liquidity pool. As more users participate in the pool, the value of the staked tokens will continue to increase, potentially leading to even greater rewards for participants. This creates a positive feedback loop where increased liquidity leads to increased rewards, which in turn attracts even more liquidity to the pool.

# Ankr's Move to Fantom

Ankr is focusing on increasing its liquid staking TVL on the Fantom chain, which is known for its low transaction fees and fast confirmation times. Ankr's move to the Fantom network will provide investors with a more accessible and user-friendly platform to earn rewards on their staked assets.

First, Ankr has enabled the bridging of ankrETH to the Fantom chain. This means that investors can now stake their Ethereum-based assets on the Fantom network and earn rewards in FTM. Investors can bridge their ankrETH to the Fantom chain by using the AnkrETH bridge, which is available on the Ankr website.

Second, ankrFTM is growing in popularity and has many utilities. The ankrFTM token is used in several liquidity pools, which allow investors to provide liquidity and earn rewards. One such pool is the Beethoven X pool, which has a total value locked of $970k and a high yield in the double digits. The Beethoven X pool is available on the Beets Finance platform and is an essential component of Ankr's broader strategy to expand its TVL on other chains.

# Utilities of ankrFTM

![Screenshot 2023-04-18 at 2.03.50 PM.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/Screenshot_2023_04_18_at_2_03_50_PM_6dd2de9e8b.png)


The ankrFTM token has several utilities, including the ability to provide liquidity in various pools. The [Beethoven X pool](https://beets.fi/pool/0x8fda1835d346cf3d22c01742d2edbb0831402a3a000200000000000000000700), which is available on the Beets Finance platform, is one of the most popular pools, with a total value locked of $970k and a high yield in the double digits.

Investors can provide liquidity in the [Beethoven X pool](https://beets.fi/pool/0x8fda1835d346cf3d22c01742d2edbb0831402a3a000200000000000000000700) by using their ankrFTM tokens. In return, they will receive LP tokens, which they can then use to trade or provide liquidity in a DEX. The Beethoven X pool is an excellent opportunity for investors to earn rewards while exploring the world of DeFi.

# Conclusion

Ankr is a leading provider of Web3 infrastructure, and they are quickly becoming a popular choice for investors who want to earn rewards on their staked assets. Ankr's move to the Fantom network will provide investors with a more accessible and user-friendly approach.

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Ankr Whitepaper 2.0

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TransFi’s Fiat Onramp Enabled for Ankr AppChain Clients

Ankr and Midas Partner to Launch Innovative Liquidity Pool

The Ankr Liquid Staking Solution

Mantle Layer 2: Ankr’s Newest Blockchain RPC Connection

Start building on the first modular Layer 2 with Ankr’s RPC connection and gateway to communicate with the Mantle testnet.

Ankr’s RPC Performance Advantage: Data Caching & Advanced APIs

Powering ultra-fast multichain interactions with pre-stored data for the most popular requests – all available via a single endpoint.

Ankr’s New Focus: Growing Liquidity on Fantom Chain

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