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The Ankr team is once again on the way to ETHDenver and the [Interop Summit](https://interopsummit.com/), and we couldn’t be more excited to meet everyone who plans on going! The numbers are in, and it looks like there will be record-breaking attendance from projects, builders, foundations, and everything in between.

We will be coming in hot on Feb. 27th and departing sometime after March 1st , so we hope to see you within our window. Check out what we’ll be up to during our time in Denver below!

## Don’t Miss Ankr’s Roundtable at Interop Summit Feb. 28

**How Ankr, zkSync, and Microsoft are collaborating to bring the next billion users to Web3**

**Description:**

Join us for an exciting roundtable discussion as we dive into the challenges standing between web3 and mass adoption with new plans and solutions to drive the industry the final stretch forward.

**Speakers:**

- Vassilis Tziokas, Web3 Strategy & Business Development Lead at Microsoft
- Josh Neuroth, Ankr’s Head of Product
- Alex Gluchowski, Co-Founder of Matter Labs

**When:**

February 28th

10:05-10:30am (MST)

**Where:**

Green Spaces : Co-Working

2590 Walnut St, Denver, CO 80205

Gateway Stage

If you are interested in the future of Web3 infrastructure, you will not want to miss this event! View the full agenda [here](https://interopsummit.com/agenda).

## Let’s Catch Up and Talk Shop

We want to meet you and chat about projects! Ankr’s ecosystem is growing quickly with new projects that use our infrastructure to power their dApps, DeFi platforms, exchanges, games, and more – see how we can help boost yours.

Give us a message on our community channels: [Discord](https://discord.com/invite/uYaNu23Ww7), [Twitter](https://twitter.com/ankr), [Telegram](https://t.me/ankrnetwork), and [Reddit](https://www.reddit.com/r/Ankrofficial/). Learn more about us and how Ankr can take your project to the next level as a leader in Web3 and infrastructure and DeFi solutions:

- Find instant blockchain development resources, including our [RPC API](https://www.ankr.com/rpc/) connecting you to dozens of networks.
- Integrate our [liquid staking](https://www.ankr.com/blog/liquid-staking-a-comprehensive-guide/) with your dApp and give your users attractive earning solutions.

Want to find out even more about us? Head to our [website](https://www.ankr.com/) to find our docs, about us section, and more.

## ETHDenver & Interop Summit ‘23 Will Be One for the Books…

ETHDenver is going to be a massive event this year. And it’s not every day Ankr’s team gets together from all corners of the globe. So we can’t wait to have a drink, talk about this crazy industry, and pet some Bufficorns. We hope you’ll join us!

## 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 On the Way To Interop Summit and ETHDenver!

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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

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Ankr and [Storj](http://www.storj.io/) have partnered to provide node snapshots as a service via the new [Chainsnap](https://www.chainsnap.io/) platform. The new service will drastically decrease the time and storage resources it takes to launch and sync blockchain nodes industry-wide for infrastructure providers, developers, and other web3 enterprises. The service is meant to decrease barriers to entry and promote decentralization by making it easier to set up and run nodes.

## What is Chainsnap?

Chainsnap will greatly expedite blockchain node deployments as the new service at Chainsnap.io provides a variety of on-demand snapshots of blockchain data available for networks like Ethereum, Polygon, and BNB Smart Chain.

- **Download at max bandwidth and processing capacity from anywhere**
- **Launch your node 10x faster!**
- **Support decentralization**

**[Use Chainsnap Now](https://www.chainsnap.io/)**

The partnership will see Ankr and Storj working together to integrate Ankr’s snapshots of blockchain data with Storj’s decentralized storage network. This will allow customer applications to request up-to-date blockchain data from anywhere via Storj’s global storage network so that the data can be packaged and swiftly delivered to customers on demand. With over 20,000 global storage nodes, Storj powers extremely fast and efficient storage and retrieval of data, which will greatly speed node operations.

## A Word from the CEOs

*“We’re excited to be working with Storj to allow nodes from across web3 to get synced and online faster,” said Ankr CEO, Chandler Song. “Their leading-edge global storage, combined with our unmatched on-chain data sourcing, will make it easy for anyone to take advantage of Chainsnap and make the process of launching nodes many times faster.”*

*Storj CEO, Ben Golub, added, “Ankr’s Snapshot-as-a-Service is a perfect example of how powerful our decentralized storage network can be in delivering on-demand data. Together, we can provide a seamless experience for global web3 enterprises while simultaneously promoting the adoption of blockchain and decentralized storage services.”*

## Final Thoughts

At Ankr, we are dedicated to delivering leading-edge technology that helps our customers stay ahead in a rapidly changing industry so they can create experiences that amaze their users. Partnering with Storj for this service is the latest in a series of recent partnerships we’ve made to drastically improve the availability and performance of Web3 infrastructure to take us one step closer to onboarding the next billion users.

## 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 and Storj Have Teamed Up for Chainsnap Service

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Ankr Team 

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Ankr is extremely excited to announce yet another partnership in the cloud provider industry with Tencent Cloud. We have signed an agreement to jointly develop a full suite of blockchain API services, provided by a high-performing, globally distributed, and decentralized network of Remote Procedure Call (RPC) nodes. The new services will cater to thousands of applications, games, virtual worlds, and companies needing connections to blockchain data while allowing any enterprise to launch a dedicated blockchain node cluster harnessing the Tencent Cloud in conjunction with Ankr’s globally distributed bare-metal servers.

The platform is designed to provide optimized blockchain connectivity options with the technological expertise of both parties. Leveraging Tencent Cloud’s global infrastructure with Ankr’s blockchain infrastructure solutions, the platform aims to provide a faster and more powerful industry solution that can accommodate a massive amount of node traffic.

## The Web3 Infrastructure Solution From Ankr & Tencent Cloud

With the new service, users will be able to launch nodes on their choice of dozens of blockchains, customizing them for memory and bandwidth on Tencent Cloud’s infrastructure while leveraging Ankr’s Super-Logic Load Balancing technology for optimized performance.

*“Partnering with Tencent Cloud is a big step forward in upgrading web3 infrastructure to handle adoption from some of the world’s largest organizations entering the space. Together we shall provide a gateway to blockchain data that is easier to access and more performant.”*

*– Chandler Song, Co-Founder & CEO, Ankr*

Combining Ankr’s expansive blockchain infrastructure solutions with Tencent Cloud will provide a readymade blockchain connection for many companies and Web3 organizations. All users needing access to dedicated nodes will be able to deploy smart contracts, and read or write blockchain data with the performance, reliability, and security provided by Tencent Cloud and Ankr.

## A Final Note

At Ankr, we are dedicated to delivering leading-edge technology that helps our customers stay ahead in a rapidly changing industry so they can create experiences that amaze their users. Partnering with Tencent Cloud, Ankr can expand our resources, expertise, and global reach, letting us double down on our mission. As we explore more potential solutions and opportunities with our newfound partner, we share the excitement of our community in what we’ll look back on as just the beginning of the new era of the decentralized 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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Ankr Joins Forces With Tencent Cloud for Web3 Infrastructure Solutions

**See also: Details on Ankr's latest [partnership with Tencent Cloud!](https://www.ankr.com/blog/ankr-joins-forces-with-tencent-cloud-for-web3-infrastructure-solutions/)**

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[Microsoft ](<a href=”https://azuremarketplace.microsoft.com/en-us/marketplace/apps/ankrpbc1684783099666.ankr_appchains” target=”_blank” rel=“noopener noreferrer”>)is now in collaboration with Ankr for our expertise in providing infrastructure solutions that connect builders, applications, and users to the newest layer of the internet – Web3. The unique insights and experience of Ankr’s team in blockchain tech have proven to be the perfect conduit and supercharger for Microsoft to further its mission to empower people and organizations to achieve more. Our partnership is aimed at providing high-performance blockchain connections for those who share the responsibility of building new Web3 experiences that will welcome the next billion users.

## What Are Ankr & Microsoft Working Toward?

Ankr and Microsoft have partnered to support enterprises and organizations needing access to blockchain data with a reliable, easy-to-use node hosting service. We are working toward a shared goal of making this service available soon through Microsoft’s Azure marketplace, providing a readily accessible gateway to blockchain infrastructure for millions of monthly customers, enabling them to:

- **Launch enterprise-grade blockchain nodes with custom specifications for global location, memory, and bandwidth according to their unique use cases.**
- **Optimize data querying for high levels of speed and reliability on their choice of dozens of different blockchains with serverless functionality utilizing GeoIP, failovers, Caching Rules, and Monitoring.**
- **Easily track the performance of their nodes anytime, anywhere. Enterprise RPC clients can access usage data and advanced telemetry across 38+ blockchains.**

The partnership will see an integration of technology from both companies, pairing Ankr’s innovations in blockchain infrastructure with Microsoft’s cloud solutions. The enterprise node deployment service will offer global, low-latency blockchain connections for any Web3 project or developer so they can focus their time on innovating and scaling their Web3 projects and applications.

[![rpc-remote-rpocedure-call-cta.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/rpc_remote_rpocedure_call_cta_d60ee98bfa.png)](https://www.ankr.com/remote-procedure-call/)


## A Word from Our CEO & the Microsoft Team

*“This was a critical step in bringing blockchain infrastructure to a growing sector of the digital economy. The partnership, while an incredible milestone for Ankr, is also a key indicator of how far the decentralized web has come in integrating with the crucial players in every layer of web systems. The end result will be an era of extremely prolific building for blockchain-based applications from new Web3 projects as well as large enterprises entering the space.”*

-- *Chandler Song, Co-Founder & CEO, Ankr*

*“Microsoft’s mission is to empower every person and every organization on the planet to achieve more. Many developers and organizations are exploring how Web3 can help solve real-world business challenges, and our partnership with Ankr will enable them to access blockchain data in a reliable, scalable, and secure way. Together with Ankr, we are building a strong Web3 infrastructure layer whether you're a developer building the next big decentralized application (dApp) or an established enterprise exploring Web3.”*

-- *Rashmi Misra, Microsoft General Manager AI & Emerging Technologies*

## Creating Fast, Global Blockchain Access

By combining Ankr’s solutions with Azure and Microsoft Marketplace, we have the chance to put forth an incredibly powerful industry solution that creates a stronger infrastructure layer for the space. It provides a new avenue to attract users and serve a massive amount of [RPC](https://www.ankr.com/blog/what-are-rpc-nodes-and-endpoints-the-complete-guide-2023/) traffic through our combined services. Web3 companies that require dedicated nodes can relay transactions, deploy smart contracts, and read or write blockchain data with the reliability, performance, and security they expect from Azure and Ankr.

The union of technology from Ankr and Microsoft will provide a fully managed node hosting solution complete with the choice of custom specifications for blockchain nodes for memory, bandwidth, and global location according to customer needs. By upgrading its load balancer to utilize Azure-based routing solutions, Ankr will be able to further scale and optimize its transactions processes by routing RPC requests to the best-suited nodes extremely quickly and reliably.

[![rpc-remote-rpocedure-call-cta.png](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/rpc_remote_rpocedure_call_cta_d60ee98bfa.png)](https://www.ankr.com/remote-procedure-call/)

## A Final Note

At Ankr, we are dedicated to delivering leading-edge technology that helps our customers stay ahead in a rapidly changing industry so they can create experiences that amaze their users. By partnering with Microsoft, Ankr can expand our resources, expertise, and global reach, letting us double down on our mission. As we explore more potential solutions and opportunities with our newfound partner, we share the excitement of our community in what we’ll look back on as just the beginning of the new era of the decentralized 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/)

Ankr and Microsoft partner to offer enterprise node services, providing high-performance blockchain connections for Web3 projects and developers.

Ankr and Microsoft Partner To Offer Enterprise Node Services

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![liquid_staking_risks_71096679fe.jpg](https://s3-frontend-strapi.s3.us-west-1.amazonaws.com/liquid_staking_risks_71096679fe_0f00213106.jpg)

Staking has become a popular way for cryptocurrency holders to earn rewards by holding and participating in the network security of a blockchain. Ankr has been on the forefront of this innovation for years. While [liquid staking](https://www.ankr.com/staking-crypto/) offers a number of advantages, it also comes with a set of risks that investors should be aware of before making any decisions.

In order to assist you in doing your due diligence we’re providing complete transparency on the various risks of liquid staking. Recognize that all liquid staking solutions share these risks and your job as a user is to determine which protocol you feel minimizes these risks the best.

In this article, we will discuss the risks associated with liquid staking and what you need to know to make informed decisions regarding your liquid staked assets.

## Security Risks

The most significant risk associated with liquid staking is security. When assets are staked, they are typically locked away in a smart contract or other secure environment, where they cannot be easily stolen or misused.

Depending on which liquid staking provider you choose there are risks that the smart contracts that hold the original unstaked assets will have bugs which makes them susceptible to hacking or other forms of cyber attack.

When liquid staking, always keep in mind that your original assets are in the hands of a third party, which always adds a level of counterparty risk.

At Ankr, our smart contracts have been audited by several firms that can be found on our [documentation](https://www.ankr.com/docs/staking/extra/audit-reports/).

## Low Liquidity & De-Pegging

Another risk associated with liquid staking is low liquidity risk. A beneficial feature of liquid staking tokens is that you can swap them for their base asset counterpart instantly in DEXs without having to wait for the lengthy unbonding period that comes with staked assets. That being said, if the TVL in the liquidity pools runs dry then the token can lose it’s peg which also causes a high slippage when trying to swap between the assets.

One of the ways that liquid staking tokens hold their peg is because of arbitrage mechanisms in DEXs. Therefore if the TVL in the liquidity pools drops dramatically this could alter the arbitrage incentives and spiral into a situation where the token doesn’t hold its peg.

This could result in investors being unable to sell their staked assets when they need to, potentially leading to significant losses. However, this is only a major issue for Ethereum Liquid Staking as the ETH is not redeemable yet. On other chains, arbitrageurs can buy the discounted tokens in liquidity pools and unstake them for full price, making a premium.

## Hacks

Another huge risk of liquid staking tokens is that the smart contract would get hacked and the assets held as collateral would be stolen. For example, let’s say you mint liquid staked ETH from a protocol. When you provide your ETH they will hold it in a smart contract and mint an equal amount of liquid staked ETH. The risk here is that if the protocol got hacked then your original ETH could be stolen.

## Validator Slashing & Counterparty Risk

Liquid staking providers are responsible for maintaining the infrastructure and technology that supports the staking process. If there are any operational issues, such as system downtime, network outages, or other technical problems, the staked assets could be at risk.

More specifically, the assets that you provide to the liquid staking protocol have to be staked with validators. If the protocol chooses untrustworthy validators then the staked assets could get slashed. Therefore, you should carefully consider the operational risks associated with liquid staking and only invest with trusted and reputable providers.

## Conclusion

[Liquid staking](https://www.ankr.com/blog/liquid-staking-TVL-multiplier/) has become a popular way for investors to earn rewards while also having access to their staked assets. However, it is important to be aware of the risks associated with this form of staking. Security risks, de-pegging, hacks and slashing (to name a few) are all potential challenges that you should consider before making any decisions.

In short, you should thoroughly research any liquid staking provider that you are considering and only invest your valuable money with trusted and reputable liquid staking providers. Additionally, you should be prepared to closely monitor their investments and take action as needed to minimize risk exposure.

In conclusion, liquid staking can offer a number of advantages, but you should be aware of the risks and make informed decisions to ensure the safety of their assets.

Dive into the world of Liquid Staking. Understand its risks and make informed decisions in the crypto space. Everything you need to know.

Liquid Staking Risks: Everything you need to know in 2024

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Liquid Staking: Understanding the Risks

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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

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Erin McMahon

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Tyler is a Senior Product Manager at Ankr, driving the progress behind Scaling Solutions and Bitcoin Secured Infrastructure. His work is quickly reshaping the deployment of blockchain networks into a process that is fast, streamlined, modular, and asset-rich. Tyler’s substantial experience as a Web3 builder, advisor, and PM ensures clients secure not only the highest tier of infrastructure but also the expert management it takes to create breakout projects.


Senior Project Manager

Tyler Sloan

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Ankr Staking Team

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Krinza Momin

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Wasm0 Team

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Tagus Labs

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As a seasoned technical writer, Galya Mikova excels at demystifying intricate blockchain topics. With a talent for simplifying complexity, she bridges the gap between complex technology and reader understanding, making blockchain accessible through her expertly crafted articles.

Galina Mikova

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Solutions

Web3 API

Scaling Services

Bitcoin Secured Infrastructure

Staking Solutions

Tools

Block Explorer

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More

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Enterprise Solutions

BNB Chain

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Polygon

SushiSwap

See all cases

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Ankr Whitepaper 2.0

Brand Assets

About Us

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Press

Careers

Ankr Blog

Ankr On the Way To Interop Summit and ETHDenver!

Ankr and Storj Have Teamed Up for Chainsnap Service

Ankr Joins Forces With Tencent Cloud for Web3 Infrastructure Solutions

Ankr and Microsoft Partner To Offer Enterprise Node Services

Liquid Staking: Understanding the Risks

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