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# Ankr announces new Stkr Protocol, combines DeFi and Staking
- URL: https://dexplain.com/ankr-announces-new-stkr-protocol-combines-defi-and-staking/
- Published: 2020-08-27T09:58:00.000Z
- Updated: 2021-12-01T09:59:36.000Z
- Description: Ankr announces new Stkr Protocol, promises to change staking forever by combining DeFi, decentralized governance, rewards, and staking.
- Author: wizardfromspace
- Tags: Ankr, defi, Ethereum, Staking, yield farming, dApps, Cryptocurrency

Recently [Ankr introduced us](https://medium.com/ankr-network/stkr-by-ankr-staking-reimagined-4b12d7a3864f?ref=dexplain.com) to a new decentralized staking protocol called Stkr. One that promises to break down barriers, increase adoption, and change staking forever. Stkr is a platform that aims to combine traditional staking services with elements from the growing DeFi ecosystem. Such as micropools, decentralized governance, and being non-custodial.

### Staking made simple

Ankr is already removing all the entry barriers in the node hosting world. Currently, they offer one-click node deployment solutions that anyone can use. Given that many of the networks they support offer [staking for consensus](https://dexplain.com/cold-staking-and-privacy-focused-defi-coming-to-qtum/), it seems logical to launch a staking service in parallel. On launch, the plan is to support Ethereum 2.0, Polkadot, Binance Smart Chain, EOS, and Cosmos.

**Massive growth potential:** it seems to be a no brainer that any Proof-of-Stake blockchain, or variant, will be clamoring to collaborate with Ankr. Stkr protocol could easily become a user favorite for secure staking, meaning teams will want to offer it to their communities.

![](https://dexplain.com/content/images/2021/12/triple-staking-stkr.webp)

- Important to note, Stkr is not a new token, this is a new product by Ankr. And ANKR tokens will be integral: from using the platform, governance, and earning rewards. Details of the tokenomics and rewards are not yet known (we will follow up!).

**Not so fast…** isn’t the competition fierce? There are indeed [many coin staking](https://dexplain.com/swipe-network-launches-staking-with-12-apr/) services offered by exchanges. They are easy for users to access and generally have no financial barriers, but they are not decentralized. So far the closest competitor would be [Rocket Pool](https://www.rocketpool.net/?ref=dexplain.com), and while they have a big following, their focus is on building ETH 2.0 staking pools. Stkr is in a prime position to capture new users and a growing market!