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How to Stake PHOENIX (PHX) on Ankr

Ankr may not directly support PHX staking, but you can still use Ankr to buy PHX and transfer it for staking.

Current APY

4.0%

Price

$0.0000

Platform Fee

2%

Platform Type

liquid

Start Staking PHX on Ankr

Ankr gives you full control of your assets.

Stake PHX on Ankr →

Step-by-Step: Stake PHX on Ankr

1

Get a compatible wallet

You'll need a Web3 wallet (like MetaMask, Phantom, or Keplr) that supports PHOENIX's network.

2

Acquire PHX

Buy PHX from an exchange and transfer it to your wallet, or swap for it using a DEX.

3

Visit Ankr

Go to Ankr's staking interface and connect your wallet.

4

Stake and receive liquid tokens

Enter your PHX amount and confirm the staking transaction. You'll receive a liquid staking token (LST) representing your staked position.

5

Use your LST in DeFi (optional)

Your liquid staking token can be used across DeFi — lend it, provide liquidity, or hold it to earn staking rewards passively.

Ankr for PHX Staking: Pros & Cons

Pros

  • + Very low 2% fee — one of the cheapest liquid staking options
  • + 10+ supported chains
  • + Long track record since 2017
  • + ANKR token staking for additional rewards

Cons

  • - Lower TVL and liquidity vs Lido
  • - ankrTokens have fewer DeFi integrations
  • - Some chains have limited validator diversity

FAQ: PHX Staking on Ankr

What APY can I earn staking PHX on Ankr?
The current estimated APY for PHX staking is around 4.0%. Actual rates vary based on network conditions, validator performance, and Ankr's fee structure (2% of staking rewards).
Is staking PHX on Ankr safe?
Ankr is a non-custodial protocol with a high risk profile for PHX staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.
How long does it take to unstake PHX from Ankr?
Unstaking times depend on the network: Flexible. During the unstaking period, your PHX won't earn rewards.
What fees does Ankr charge for PHX staking?
Ankr charges 2% of staking rewards. These fees are typically deducted from your staking rewards automatically.
Can I stake PHX on other platforms?
Yes! You can compare all available platforms for PHX staking on our How to Stake PHOENIX guide. Different platforms offer different APY rates, fees, and custody models.