#Table of Contents

On April 18th, it was announced that Web3 infrastructure provider Ankr has now launched an Unstacking feature for Liquid Stacked Ethereum. Previously reported, on the morning of April 13th, Ethereum completed its Shanghai upgrade.

Ankr Launches Release of Pledge Function for Liquid Stacked Ethereum

1. Introduction
2. Understanding Web3 infrastructure provider Ankr
3. Liquid Stacked Ethereum
4. What is Unstacking?
5. Benefits of Unstacking for Liquid Stacked Ethereum
6. How to Use Ankr’s Unstacking Feature
7. Future Developments of Ankr
8. Conclusion
9. FAQs
# Ankr Launches Unstacking Feature for Liquid Stacked Ethereum
On April 18th, Web3 infrastructure provider Ankr announced the launch of its Unstacking feature for Liquid Stacked Ethereum. This comes after Ethereum’s successful Shanghai upgrade on April 13th. In this article, we will delve into Ankr and Liquid Stacked Ethereum, explain what exactly Ankr’s Unstacking feature is and its benefits, and guide you on how to use it.

Understanding Web3 Infrastructure Provider Ankr

Ankr is a Web3 infrastructure provider that offers innovative cloud solutions catering to the needs of blockchain developers, consumers and enterprises alike. They provide accessibility and flexibility via their state-of-the-art cloud infrastructure, enabling developers to build and deploy Decentralized Apps (DApps) with ease, and enabling consumers to benefit from a more transparent and decentralized ecosystem.

Liquid Stacked Ethereum

Liquid Stacked Ethereum is a unique way to utilize the Ethereum blockchain that was developed by ConsenSys. In this model, users are able to stake their Ethereum and receive stETH (Stacked Ethereum) in return. StETH is a liquid representation of the staked Ethereum and users can trade it without forfeiting their stake. This concept has recently gained popularity as it allows users to benefit from staking their Ethereum without locking it up for a long period.

What is Unstacking?

As the name suggests, Unstacking is the process of returning stETH to Ethereum. This can be done at any time, and once the stETH is returned to Ethereum, users can trade it on the open market as it represents the original Ethereum stake. Ankr, in its announcement, stated that the Unstacking feature will be available starting April 19th, 2021, and that users will be able to easily convert stETH back to ETH without incurring additional fees or penalties.

Benefits of Unstacking for Liquid Stacked Ethereum

One of the main benefits of Ankr’s Unstacking feature is that it provides a sense of security and flexibility to users. Users may usually be hesitant to lock up their Ethereum for long periods due to uncertainty in the market, but with Ankr’s Unstacking feature, users can Unstack their stETH at any time, allowing more flexibility in decision making. Additionally, users can easily manage their Ethereum assets by switching between Stacked Ethereum and Ethereum.

How to Use Ankr’s Unstacking Feature

To use Ankr’s Unstacking feature, users must first have stETH. If you do not have stETH, you can acquire it through the Liquid Staked Ethereum platform. Once you have stETH, follow these steps:
1. Visit Ankr’s website and create an account.
2. Once your account has been verified, select the “Unstack” option.
3. Enter the amount of stETH you want to Unstack.
4. Wait for the Ethereum to be returned to your wallet.
It’s worth noting that Unstacking will involve a brief waiting period, typically between 24-48 hours.

Future Developments of Ankr

Ankr continues to innovate and improve its blockchain-based cloud infrastructure solutions. In the future, Ankr plans to introduce additional blockchain products and services that cater to the needs of consumers, developers, and enterprises. They aim to bring simplified and scalable blockchain-based solutions to industry players, developers, and users alike.

Conclusion

Ankr’s Unstacking feature for Liquid Stacked Ethereum is a remarkable addition to the Ethereum blockchain ecosystem. It provides flexibility and security to users, allowing them to easily move between Stacked Ethereum and Ethereum, and thereby adapt to a constantly changing market. Ankr’s Unstacking feature provides a significant advantage for those who wish to reap the benefits of staking their Ethereum while still enabling them to take advantage of market opportunities.

FAQs

Q1: What is Web3 infrastructure provider Ankr?

A1: Ankr is a Web3 infrastructure provider that offers cloud solutions for blockchain developers, consumers, and enterprises.

Q2: What is Liquid Stacked Ethereum?

A2: Liquid Stacked Ethereum is a unique way of utilizing Ethereum that was developed by ConsenSys. Users can stake Ethereum and receive stETH in return, which represents the staked Ethereum in a liquid form.

Q3: How can I use Ankr’s Unstacking feature?

A3: To use Ankr’s Unstacking feature, users must have stETH. They can then log into their Ankr account, select the “Unstack” option, enter the amount of stETH they want to Unstack, and wait for the Ethereum to be returned to their wallet.