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What is Ankr ETH (aETH)?

Crypto Terms Glossary: What is Ankr ETH (aETH)?

Ankr ETH (aETH) is a synthetic asset that can be staked on the Ankr Network in place of staking ether (ETH). When a user deposits ETH in an Ankr deposit contract they receive aETH in return, thus lowering the barrier to entry for investors who wish to stake ETH without owning the minimum 32 ETH coins needed to stake on the Ethereum Consensus Layer (formerly known as Ethereum 2.0) to receive a yearly APY. When a user deposits ETH and receives aETH in return, their investment remains locked in for as long as the time required by users who stake 32 ETH on the Ethereum network.

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