Connect your staking rewards to DeFi

stakefi.ankr.com Executive Summary

StakeFi is an Internet Bond Launchpad providing Fixed Income has always been one of the most an easy-to-use staking experience to users, popular asset classes in traditional finance, but lost its attractiveness after most central banks decreased enabling DeFi to provide liquidity to staked tokens interest rates to zero for several years. Internet Bonds as well as connecting staking rewards to DeFi are digital native bonds, which are not influenced by through Internet Bonds. any central bank’s interest rate and are not based on debt from traditional finance. There are several passive income opportunities within DeFi, but those income streams are very often subject to very strong The goal of Ankr’s StakeFi is to provide everyone fluctuations. Staking rewards from Proof-of-State networks are with simple access to attractive streams of passive one of the most stable streams of income (in percentage terms). income without needing advanced technical skills to run validator nodes on Proof-of-Stake networks. As Internet Bonds are an excellent instrument to generate several such, Ankr will support DeFi projects bringing utility additional layers of passive income using DeFi on top of staking to Internet Bonds and enabling DeFi users to generate rewards from Internet Bonds (e.g. liquidity mining, farming further passive income on top of Internet Bonds to rewards, lending interest, etc.). create a new Fixed Income DeFi market. StakeFi //

2 Background participate. right to stake, and/orof the lose confiscation penalties, risk rules these not meet do who participants network The operations. guarantee continued and honestly to which is behave rules, to adhere the network’s must holder bond The rewards. of the staking percentage toor avalidatorcost network in afixed for exchange the on transactions of validating the task delegate or by running anode the network on transactions to validate the option has the holder bond The rewards. the on in staking for return operations consensus to support obtain and the right network to the collateral to stake required is secure holder holder) the bond (bond where provider/staker capital a Proof-of-Stake a and issuer) (PoS) (bond network between Work Agreement aDigital is Bond Internet An Internet Bond on debt like traditional bonds like traditional debt on based of being protocol instead rate of inflation PoS inbuilt the the on rewards are based Staking bonds) (e.g., perpetual maturity fixed No characteristics: have theBonds following (e.g., Bonds), bonds Corporate traditional Internet to most Contrary ETH until phase 1.5 of ETH 2.0. of ETH 1.5 phase until ETH example -for with always the case this though not is unstaked, be tokens can staked as supply have anelastic can Bonds Internet protocol, the PoS on Depending network of the PoS are co-owner holders Bond Internet as feature Equity

3 // StakeFi Background

The holders of Internet bonds are the lenders of capital, It is important to differentiate staking from holding labor, and also the owners of the network, making it Internet Bonds. a new type of incentivized digital work agreement

that in a mature state can be best described as a Stakers hybrid-perpetual bond with debt and equity-like › Receive staking rewards characteristics. › Limited to the price upside potential of the staked token

Internet Bond holders

› Easy staking experience › Instant liquidity on staked tokens › Unlock possibility to stack several streams on passive income on top of staking rewards thanks to DeFi (liquidity mining, farming, lending, vaults, etc.) Internet Bonds are also sometimes › Access to cross-chain staking rewards on referred to as synthetic staked tokens, network staking derivatives, or liquid staking. StakeFi //

4 The Internet Bond ETH2 Bond Characteristics and Ecosystem

Elastic supply ETH2 Bonds Decentrali