Ankr
Staking · Liquid Staking · ankrETH
Ankr's ankrETH is a reward-bearing liquid staking token for Ethereum, part of Ankr's broader multi-chain staking and RPC node infrastructure.
Multi-chain liquid staking and node infrastructure.
ankrETH price
$0.0038
+5.9% 24h
Latest data · 15 min delay
Risks identified
- Smart Contract
Ankr's staking tokens are governed by upgradeable smart contracts. The December 2022 aBNBc incident demonstrated concrete smart-contract risk: an unlimited/infinite-mint bug in the BNB liquid staking token contract allowed an attacker to mint an enormous supply and drain ~$5M from liquidity pools.
- Counterparty
Ankr operates as a company with privileged deployer/admin keys over its contracts. The 2022 exploit root cause was a former team member compromising a deployer private key via a social-engineering / supply-chain attack, showing reliance on Ankr's internal operational and key-management controls.
- Reserve / Depeg
Liquid staking tokens (ankrETH, ankrBNB) trade at market prices that can diverge from the underlying asset's redemption value. Secondary-market liquidity crunches or loss-of-confidence events (as during the aBNBc exploit, when the token fell over 99%) can cause severe depegs.
- Governance
Contract upgradeability and admin controls concentrate power over parameters, fees and token issuance. Post-exploit Ankr added multisig and timelocks, but users remain exposed to how these privileged controls are managed.
- Network
As a multi-chain protocol and RPC/node infrastructure operator, Ankr is exposed to the security, liveness and validator/slashing conditions of every chain it stakes on and services, so faults or outages on an underlying chain propagate to its staking tokens and API business.