YOP Strategic Partnership with Ankr: Staking & Nodes
As we approach the launch of our platform, the YOP team is excited to start announcing some partnerships with projects that have an aligned vision for growth in the crypto economy. Today, we’re pleased to reveal our alliance with Ankr, a leading blockchain framework that democratizes and streamlines Web3 — a distributed, decentralized internet. Since 2019, Ankr has been a gateway to Web3 technology by making it easier and more accessible for users, developers and enterprises.
Ankr’s multi-chain services include node staking, API calls and enterprise solutions. Ankr currently runs over 8,000 nodes across dozens of blockchains including Ethereum, Polkadot, and Binance Smart Chain. Ankr’s services are also used by some of DeFi’s most impressive projects like Compound and The Graph. The YOP team is proud to have Ankr as a vital partner going forward.
YOP is a Yield Optimization Platform and Protocol, an all-in-one application that makes it easy for everyone to access yield markets. YOP gives you custody, insights and custom parameters directly in one single application. By implementing custom feature sets in our smart contracts, we 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.
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.
We will also explore opportunities to integrate Ankr’s new Ethereum 2.0 staking service. This would allow users to easily stake their Ethereum within the YOP application. Ankr Staking permits users to deposit a minimum of 0.5 ETH up to an unlimited amount of ETH with one click, which will be automatically allocated to the best staking pool. In return for staking, users receive aETH (coins representing staked ETH and rewards), which 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.
Ankr currently runs over 8,000 nodes across dozens of blockchains including “Ethereum, Polkadot, Binance Smart Chain and more.”
YOP looks forward to engaging with the Ankr technical teams as we make progress through our development sprints to launch YOP V0 in Q1.
This partnership is just one of many alliances YOP is set to establish and we are excited to partner with crypto’s premier projects like Ankr. Working with strong partners will boost YOP’s stack of technology and bring better products to our users. We look forward to revealing more great partnerships in the coming days and weeks.