The Release of Pledge Function by Ankr Enhances Ethereum’s Flexibility and Liquidity
On April 19th, it was announced that the Web3 infrastructure platform Ankr has provided Ethereum with the ability to release pledges, becoming one of the first providers to provide
On April 19th, it was announced that the Web3 infrastructure platform Ankr has provided Ethereum with the ability to release pledges, becoming one of the first providers to provide this feature, effectively enhancing Ethereum’s flexibility and liquidity. Ankr’s release of pledge function is a breakthrough development in the DeFi industry, allowing users to better control assets and providing a new way to participate in the DeFi ecosystem.
Ankr has supported Ethereum’s pledge release function
Introduction
The DeFi industry has grown rapidly in recent years, thanks to innovative solutions and platforms like Ankr. On April 19th, Ankr made a breakthrough development by providing Ethereum with the ability to release pledges. This move has enhanced the flexibility and liquidity of Ethereum while allowing users to better control assets and participate in the DeFi ecosystem. In this article, we’ll take a closer look at how this development will impact the DeFi industry and what it means for users.
What Is Ankr?
Before delving into the release of the pledge function, it’s important to understand what Ankr is and what it does. Ankr is a Web3 infrastructure platform that provides easy blockchain access for developers and enterprises. The platform is designed to allow developers to deploy blockchain nodes and API services in minutes, without traditional cloud infrastructure.
The goal of Ankr is to democratize access to the blockchain and make it easier for developers, businesses, and individuals to participate in the crypto economy. Ankr’s platform offers a range of features, including node hosting, staking, and data indexing, all designed to simplify and streamline the blockchain experience.
What Is the Pledge Function?
The pledge function is a new feature that Ankr has added to its platform, enabling Ethereum users to release their assets and effectively enhance the flexibility and liquidity of the network. The pledge function is a way for users to stake their assets for a period of time, during which they are unavailable for use. After this time has passed, the assets are released back to the owner.
The pledge function is an essential tool for DeFi platforms as it allows users to better control their assets while participating in various financial activities. In the past, users had to lock their assets for extended periods, which made it difficult to move them or use them in other applications.
How Will This Impact the DeFi Industry?
The release of the pledge function by Ankr marks a major milestone in the DeFi industry. This development will expand Ethereum’s network by providing greater flexibility and liquidity, enabling more users to participate in the ecosystem. With the ability to release pledges, users will be able to lend and borrow assets more efficiently, thereby increasing the overall liquidity of the network.
This development will also allow for more complex financial activities, such as the creation of derivative products and advanced financial instruments. It will enable greater security and control over assets, thereby ensuring that the industry continues to grow and thrive.
What Are the Benefits for Users?
The release of pledge function by Ankr offers several benefits for users. First, it allows users to participate in the DeFi ecosystem more easily without locking in their assets for extended periods. Second, it improves the overall flexibility and liquidity of the network, making it easier to participate in financial activities.
Third, it provides a way for users to better manage and control their assets, ensuring greater security and safety. Fourth, it enables more complex financial activities, opening up new investment opportunities for users.
Conclusion
In conclusion, the release of pledge function by Ankr is a significant development that will enhance the flexibility and liquidity of the Ethereum network. This new feature will enable users to participate in the DeFi ecosystem more easily and securely, while also increasing the overall liquidity of the network. As the DeFi industry continues to evolve, it’s clear that platforms like Ankr will play a critical role in shaping its future.
FAQs
#Q1. What Is DeFi?
DeFi stands for decentralized finance and is a new type of financial system built on blockchain technology. It allows for a range of financial activities, including lending, borrowing, and investing, without relying on traditional financial institutions.
#Q2. How Does Ankr Work?
Ankr is a Web3 infrastructure platform that provides easy blockchain access for developers and enterprises. It allows developers to deploy blockchain nodes and API services in minutes, without traditional cloud infrastructure.
#Q3. What Are the Benefits of the Pledge Function?
The pledge function allows users to stake their assets and participate in the DeFi ecosystem more easily without locking them in for extended periods. It improves the overall flexibility and liquidity of the network, while also enabling users to better manage and control their assets.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/21014/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
yoyo Coin (Founder of yoyo Coin)
yoyo Coin, what is it according to the latest news?It is reported that YOY is a
-
What is trx btc?
What is trx btc? TRXBtc is a project in the Bitcoin network where users can trad
-
IMF Denies Involvement in “Unicoin” Central Bank Digital Currency Project: What Does This Mean?
On April 18th, the International Monetary Fund (IMF) issued a statement stating that they were not involved in the so-called \”Unicoin\” Central Bank Digital Currency (CBDC) project
-
Why can only use a graphics card for ETH (why should ETH be replaced with USDT)
ethWhy can only use graphics cards Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com) and is authorized to be reprinted by Daily Planet Vitalik Buterin, the founder of Ethereum, released a video on Twitter, in which he explained the fundamental reason why eth can only use video cards for mining: “If you want to dig ETH, your GPU can’t support the Eth2 smart contract” This passage means that “I wrote it as an ERC-20token.” If we use a smart contract based on the Ethereum protocol, you must have 32 ETHs and 4 RTX3060Ti video memories to run a smart contract. So now this situation has changed… and it may take a few years to fix it. In fact, there are currently two main solutions for ETH’s ecosystem. The first solution is to expand the functionality to make ETH a universal digital currency; The second method is to directly purchase Bitcoin, Litecoin or other encrypted assets from users Although…
-
What does the gateway of xRP coin mean (xRP coin price today’s price)
What does xrpcoin gateway mean? According to cryptoglobal messages, what does xrpcoin gateway mean? According to official instructions, xrp coins are traded through XRP. Specifically, when an address receives 1 XRP, it can send it to the user’s designated wallet; And this address is usually considered as a receiver (i.e. sender). Therefore, the use of “R” in Ripple represents xrp, as this means that the sender must pay a certain amount of fees to complete the transfer process. If the recipient fails to meet the requirements and the amount is insufficient to process the transfer, the transaction needs to be resubmitted to avoid any loss of funds Today’s price of xrpcoinAccording to Bitfinex trading platform data, the price of xrpcoin (XRP) today is 0.006 US dollars per piece, a 24-hour increase of 14.35%, with the highest price reaching 0.068 USD It is reported that XRP is one of the most commonly used tokens in decentralized finance. The project aims to…
-
Silicon Valley Banks: Potential Interest Rate Risk
On March 11, the bank team of Guoxin Securities Economics Research Institute believed that the problem of Silicon Valley banks this time was that they absorbed…
-
Voltz Protocol extends DeFi Interest Rate Swaps to Arbitrum
On February 14, the DeFi interest rate swap AMM agreement Voltz Protocol tweeted that the Voltz smart contract had been deployed on the Arbitrum.
DeFi …
-
Coinbase CEO and Board Members Accused of Trading on Internal Information
According to reports, according to the indictment released in the Delaware Court of Justice on Monday, Coinbase Chairman and CEO Brian Armstrong, board member Marc Andreessen, and
-
#Chain Derivatives Agreement Pearl Protocol receives $1.25M in Seed Round Financing
On April 14th, it was reported that the Chain Derivatives Agreement Pearl Protocol completed a seed round financing of $1.25 million, with participation from Flow Ventures, RNR Cap
-
Introduction
On March 24th, Phantom, an encrypted wallet, announced the introduction of a priority fee on Solana in a social media release. During network congestion, the fee will be automatica
-
What is the price of Ethereum fork currency etf (Ethereum fork)
What is the price of Ethereum forked currency etf According to CoinMarketCap, what is the price of Ethereum forked currency etf. The Ethereum blockchain is divided into two parts: one is Ethereum Classic (ETC), and the other is Constantinople Hard Bifurcation. At present, there is no trading pair in the market According to the official introduction of Ethereum, ETC is a smart contract platform based on Ethereum. Its main purpose is to solve problems on Ethereum’s network, such as high fees and gas costs. In this upgrade, the “Constantinople” scheme is introduced, that is, the EIP-1559 technology is used, and the incentive mechanism for miners is added According to official information, Ethereum will undergo a hard fork on November 1st. According to block browser data, the total supply of ETHs after forking will be reduced to approximately 21 million. At current prices, it is approximately 42 billion US dollars (approximately 400 million RMB). This bifurcation occurred on October 13, 2020,…
-
Tokenview Launches Multi Chain Node Service: A Game Changer for dApps and Blockchain Developers
On April 6th, it was reported that Tokenview now provides a multi chain node service, with distributed node clients allowing dApps and blockchain developers to interact with the mu
-
What are the weaknesses of mainstream currencies (what is mainstream currency)
What are the weaknesses of mainstream currencies? What are the weaknesses of mainstream currencies In terms of technical indicators, mainstream currencies mainly exhibit bullish fundamentals; Good market sentiment; The overall market is not optimistic; The price fluctuates significantly. The technical support and relative strength points mentioned in the technical analysis have strong reference significance. The tracking of technical analysis has a greater possibility of operability. If there is a sharp decline in the market, investors can pay attention to the price trend of BTC/USDT contracts after delivery next Monday night and whether the deviation from MACD on the daily chart will have an impact. At present, both of these situations are quite obvious: 1. Bitcoin has fallen below the $10000 threshold; 2. Ethereum rebounded from the lowest 9250 to above 10900 and operated in shock; 3. Ethereum Classic broke through the 60 day moving average and began testing the resistance level of the MA30 moving average upwards; 4. The EOS…
-
InfStones Launches Ethereum Verifier Service in Response to Market Demand
On April 19th, Web3 infrastructure provider InfStones announced the launch of the Ethereum Verifier Service, aimed at meeting the upgraded market demand of Ethereum Shanghai. It su
-
Closure of Silvergate Capital’s instant settlement service may boost stable currency usage
On March 7, Kaiko, a market research company, said in a report released on Monday that the troubled Silvergate Capital decided to close its popular instant set…
-
Former CEO of FTX Has Only $100k Left As US Federal Prosecutor Seizes Up To $700m
On February 19, according to SBF, the former chief executive of the cryptocurrency exchange FTX, after his company went bankrupt and was arrested on suspicion …