Here is all to know about Polkadot Parachain Launchpad on Ankr StakeFi!

By November 9, 2021Polkadot
Click here to view original web page at blockchainmagazine.net
photo_2021-11-09_17-29-27

Ankr has published the liquid staking solution on the Ankr StakeFi Parachain launchpad, just in time for the first batch of Polkadot’s highly anticipated crowdloan campaigns to begin. Crowdloan participants can contribute their DOTs to their favourite projects on Ankr’s innovative parachain launchpad while maintaining their liquidity and gaining access to extra return generating alternatives.

Furthermore, Ankr has allocated a total of 12,000,000 ANKR tokens to deliver to all participants in the first three Polkadot parachain crowdloan campaigns on StakeFi to commemorate the launch of the first three Polkadot parachain crowdloan campaigns on StakeFi!

Users can now contribute their DOT to the following projects on the Ankr StakeFi parachain launchpad and earn a share of the ANKR reward pool for the supported initiatives:

Acala; 1,000,000 ANKR rewards

Moonbeam; 1,000,000 ANKR rewards

Clover; 10,000,000 ANKR rewards

If the backed project gets a parachain space, the ANKR incentives will be disbursed according to the same schedule as the successful project’s token. Thus, users who intend to participate in the crowdloan campaign would need a minimum of 1 DOT.

What are Parachain Crowdloans?

As you may know, a project must win one of the parachain slot auctions by bonding a certain amount of DOT tokens to receive a Polkadot parachain slot on the Polkadot network. Crowdloan campaigns can help projects find more bonded DOTs, increasing their chances of earning a parachain space.

The projects invite their followers to bond their DOTs for a period of 24 months in exchange for their own project tokens in a Polkadot parachain crowdloan campaign.

Benefits from Ankr’s Parachain Liquid Bonding solution

Here are the benefits from Ankr’s Parachain liquid bonding solution:

  • Liquidity is provided by borrowing or auction
  • high-yielding products that can be resold at a higher price
  • To leverage or unlock liquidity, borrow against Liquid Bonding tokens.
  • Users can become a Parachain Market Maker by selling or purchasing Parachain Liquid Bonding tokens
  • Winning projects awards incentives and other rewards.

Further Notice

Users of aDOTp tokens will be able to sell them in Bounce Finance auctions and borrow against them through OnX Finance.

Furthermore, Ankr will rely on its strategic partners to open up new DeFi use cases for Parachain Liquid Bonding tokens, as well as further incentive programs!

About Ankr

Ankr is one of crypto’s leading platforms designed to help Web 3.0 grow. It offers multi-chain DApp development tools, crypto staking solutions, and a decentralized global node infrastructure, which powers everything across an ever-growing number of chains.
The Ankr Protocol, RPC, and API tools enable open-source and very scalable solutions to assist DeFi developers and users keep up with a market that is exploding. The ANKR utility token may be purchased on Coinbase, Gemini, and other exchanges.

All Today's Crypto News In One Place