Ankr

From CryptoWiki

Basics

  • Announced on:
  • Mainnet release:
  • Based in:
  • From the DIA (who is a partner) October update (23-10-2020):

"An infrastructure platform and marketplace for Web3-stack deployment & decentralised nodes."

History

Audits & Exploits

"On December 2, 2022 Ankr lost $5M as a result of a private key compromise which was used to upgrade aBNBc contract with a malicious minting function. It was a particularly nasty combination of an offchain private key hack and an on-chain contract upgrade which resulted in quadrillions of aBNBc tokens minted on BSC. Attackers were particularly nasty by leaving the minting function exposed inviting a barrage of copycat exploiters. Interestingly a group of traders made three times the profit than the original Ankr attackers by exploiting a slow price oracle to borrow $19M worth of Helios stablecoin. Helio lost $19M as a result of a delayed price oracle which allowed traders to borrow stablecoin with worthless aBNBc token."

Bugs/Exploits

Governance

Admin Keys

DAO

Treasury

Token

Launch

Token allocation

Utility

"ANKR token is already used on the Ankr node and API market as a payment method for hosting fees. But with the launch of Stkr, we have reimagined our token utility!

The ANKR token is the only way to use the Stkr protocol, but users are heavily rewarded from being active in the ecosystem in order to gain rewards. Stakers become stakeholders, either providing computing power to our existing network or deciding on the future direction of the platform in governance elections to strengthen the network."

Token Details

Technology

  • Whitepaper can be found here (24-5-2019).
  • Code can be viewed [insert here].

How it works

Fees

Upgrades

Staking

Liquidity Mining

Scaling

Different Implementations

Interoperability

  • Is supporting over 50 protocols (11-11-2020).

Other Details

Oracle Method

Their Other Projects

Ankr Staking

"Stkr is a decentralized protocol and platform that combines staking and DeFi, implementing elements from traditional staking with non-custodial staking, Micropools and decentralized governance. The Stkr protocol is built by Ankr and relies 100% on the ANKR token."

Binance Smart Chain

Roadmap

  • Can be found [Insert link here].

Usage

  • Says they have 8000+ nodes deployed (11-11-2020).

Projects that use or built on it

  • According to its website it is used by:

Acala, Arweave, Biki, Binance, Celo, Ferrum Network, Compound, Elrond, Harmony, LTO Network, Matic, NGC, Oasis, Prometeus, Vite, TomoChain, Waves and 50 more.

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

Team

Funding

Partners 

"DIA and Ankr collaborate to further decentralize primary sourced data collection in various blockchains."

"Ankr: The partnership, agreed in December 2019, will see Fetch.ai further grows its network. Ankr will provide a node hosting application which enables users to run Fetch.ai master nodes."

"Ankr has been essential to Blockchain at Berkeley to provide consistent uptime for a variety of nodes and going above and beyond individual support 24/7."

  • It is one of the whitelisted institutions of the TRON DAO Reserve (TDR), which governs the overcollateralization of USDD (4-11-2022).