With Parachain Internet Bonds, Ankr will stake your KSM tokens with our validator nodes while giving you back aKSMb bond tokens. This is a reward-earning bond token that will distribute staking rewards to your wallet daily.
In addition to earning rewards, you can use aKSMb to generate even more passive income when using it to perform liquidity mining, lending, and other methods on DeFi platforms like Uniswap or Compound.
How to Stake KSM With Ankr Parachain Bonds
Step 1: Connect your wallet (wallets list)
Step 2: Choose any amount of KSM you want to stake
Step 3: Receive aKSMb directly to your wallet and see daily rewards
Step 4: Hold aKSMb in your wallet or use it to earn on accepting DeFi platforms like Uniswap and SushiSwap.
Step 5: If you wish to unstake and redeem your aKSMb, you can do so at any time.