HomeCoinsAnkr (ANKR)Ankr Staking partners with YOP to optimize yield for aETH holders |...

Ankr Staking partners with YOP to optimize yield for aETH holders | by Ankr | Ankr | Jan, 2021

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Today, we’re pleased to reveal our alliance with YOP, Yield Optimization Platform and Protocol, an all-in-one application that makes it easy for everyone to access yield markets.

YOP is a DeFi Platform that provides custody, insights and custom parameters directly in one single application. By implementing custom feature sets in smart contracts, they provide more value to the user, network and YOP token.

YOP is chain-agnostic and will focus on integrating DeFi protocols across seven blockchain networks including (but not limited to) Ethereum, Polkadot, Binance Smart Chain, and Solana. Chains which are all in Ankr’s node portfolio.

The YOP Platform will use Ankr’s node services for reliable API calls, a vital asset to YOP’s proprietary yield optimization protocol: yProtocol. Ankr’s Ethereum node service enables YOP to receive the best-possible API data for its platform and protocol, helping to ensure the stability of our products.

Integrating aETH and yield opportunities

YOP will also explore opportunities to integrate our Ethereum 2.0 staking service, Ankr Staking. This would allow YOP’s users to easily stake their Ethereum within the YOP application.

Ankr Staking permits users to deposit any amount of ETH, starting from as little as 0.5 ETH to an unlimited amount of ETH with 1 click. Any staked ETH is automatically allocated to the best staking pool.

In return for staking, users receive aETH, the ETH2 reward bearing bodn asset, representing staked ETH + staking rewards. aETH can be traded or transferred on wider crypto markets.

YOP will explore possibilities of including aETH into the Yield Optimization Protocol for added variety in the portfolio offering and yield opportunities.

We are looking forward to engaging with the YOP technical team to add more use cases for aETH holders.

Follow YOP here

Twitter @YOPfi | Telegram @YOPfi | LinkedIn @YOPfi | Website yop.finance

Follow Ankr here

Website | Twitter | Telegram Announcements | Telegram English Chat| Telegram Node Support Group | LinkedIn | Instagram | Ankr Staking





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