Ankr Staked ETH
ANKRETH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
ANKRETH (Ankr Staked ETH) represents a liquid staking receipt token for Ethereum within the broader Ankr ecosystem. The parent protocol demonstrates solid active development (score 7/10) with updated SDKs and adaptation to major Ethereum upgrades, backed by an experienced founding team (score 6/10) and a yield-accruing share tokenomics model (score 6.5/10). However, the token suffers from severe market-level and security drawbacks. It exhibits near-zero secondary market activity (24-hour volume of $6.87 and micro-cap status, scored 4/10) and minimal community engagement (score 2/10). Security is rated 4/10 due to centralization risks flagged in smart contract audits, historical key-compromise exploits across Ankr staking infrastructure in December 2022, and a September 2025 duplicate-validator-key slashing incident that impacted ETH staking deposits. With all section scores available, the weighted average calculates to 5.1/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ankr Staked ETH (ANKRETH)
ANKRETH (Ankr Staked ETH, also referred to as ankrETH) is a liquid staking receipt token operating on the Ethereum blockchain, issued by the Ankr protocol. Founded in 2017 by Chandler Song, Ankr provides node infrastructure and liquid staking mechanisms. ANKRETH allows participants to stake their Ethereum (ETH) with Ankr's validator network while receiving a transferable derivative token. The protocol utilizes a share-based mint and burn architecture, where staking rewards accrue over time through an appreciating exchange rate against ETH.
The token functions as a passive receipt without standalone governance voting rights, and its underlying smart contracts are deployed as upgradeable proxies administered by Ankr. While the Ethereum liquid staking system was audited by firms including Beosin (2020, 2022) and Salus (2023), the Salus review highlighted centralization risks and access-control weaknesses in contract functions. ANKRETH maintains low circulating volume and a micro-cap valuation relative to major liquid staking derivatives.
The protocol's infrastructure has been affected by past security and operational failures. In December 2022, Ankr's staking infrastructure experienced an exploit resulting from a compromised developer key, leading to unauthorized minting across sibling derivative contracts and the transfer of approximately 3,370 ETH through Tornado Cash. In September 2025, an operational error involving duplicate validator keys triggered automated slashing on Ethereum validators supporting Ankr's ETH staking, causing the loss of staked deposits and staking rewards. Following this incident, law firm Migliaccio & Rathod LLP initiated a legal investigation into investor losses and Ankr's operational security.