Staking Pool Questionnaire Answers
Stkr by Ankr was provided an initial questionnaire by the EDDC to provide further insights into how Stkr by Ankr works and to evaluate their safety as a Staking Pool Service. Please see below for the EDDC questions and Stkr by Ankr answers.
What country is your business based out of?
Are you confident that you are adhering to all of the necessary regulations for the jurisdiction you are in?
How much control do you have over users’ funds? – Do you hold 0, 1, or 2 keys?
We use BLS threshold signatures to make sure not a single party owns all the keys.
Do you have any insurance in case funds are lost?
Answer not provided.
What is your company’s history in the cryptocurrency space?
Ankr was founded in 2017 and has been a leading web3 infrastructure provider, helping 4200+ individuals and 100+ companies with node and staking.
Who are your team members, and what are their academic and professional backgrounds?
Chandler Song, CEO of Ankr
Stanley Wu, CTO of Ankr
Mehmet Kiraz, Security Researcher at Ankr, Senior Lecturer of Cyber Security at De Montfort University
Süleyman Kardaş, Blockchain Researcher at Ankr, Associate Professor at Batman University
Dmitry Savonin, Senior Blockchain Developer at Ankr, ex-CTO of LATOKEN
If you are using smart contracts, have they been audited, by whom?
Yes, by two auditors, Certik and Beosin.
Describe your staking setup. – Do you have your own servers, if no, which hosting provider are you using? Which client(s) are you using? How many nodes are you using? Do you have some sort of redundancy built-in? etc…
Stkr has a marketplace for node providers, where people can spin up a server on their own, use public cloud, or use Ankr’s one-click ethereum node setup via ankr.com to contribute to the network and earn extra commission. For Ankr’s infrastructure, it has built-in redundancy at multiple locations with private racks and up to 10Gbps uplink.
Who is invested in your business, is there venture capital, is there a token? If there is a token, what is it used for?
Previous investors: Pantera Capital, Lemniscap, DHVC, NGC
There is a token called ANKR token, it is used for:
1. provider insurance to compensate potential slashing loss
2. governance to propose metric changes
3. profit sharing with the network
4. used as a liquidity token for a bond-like ethereum called aETH that stands for the underlying ethereum + future staking rewards
How much are you charging for your staking services?
ETH stakers receive between 77% to 86% depending on how they leverage the liquidity token aETH. There are opportunities to stake aETH or ANKR tokens.
Node providers receive 12%
The team receives 2% to maintain the project and pay gas fee to upgrade smart contracts