Ankr Staking offers FTM token holders the opportunity to stake FTM and, in return, claim FTM Liquid Staking tokens — ankrFTM. ankrFTM also offers instant liquidity for your staked FTM, enabling you to connect ankrFTM with DeFi platforms and earn several more layers of rewards.

ankrFTM is a reward-bearing token, meaning that the fair value of 1 ankrFTM token vs. FTM increases over time as staking rewards accumulate inside the token.

Benefits

• Generate Multiple Layers of Rewards: Use ankrFTM on DeFi platforms to enable you to multiply your earning potential in APY on top of your staking rewards!
• Low Impermanent Loss: Contributing ankrFTM for liquidity with tokens like FTM means a low risk of impermanent loss, expanding the upside of providing liquidity for a more stable and profitable experience.
• Compound Your Staking Rewards: Your staking rewards will compound daily as the value of ankrFTM in your wallet increases vs. FTM.
• Support & Secure FTM: Staking FTM directly supports the FTM network and helps validate transactions. Ankr’s staking system distributes staked tokens intelligently across the FTM ecosystem to achieve optimal decentralization.
• Elastic Supply: Users can trade their ankrFTM tokens for their staked FTM anytime.