ankrETH is a synthetic derivative asset that acts as a bridge between currently illiquid Ethereum 2.0 and the regular Ethereum network.
Before the start of staking rewards, ankrETH is issued at a ratio of 1:1 to the amount of ETH you staked.
ankrETH is a bond-like asset, representing your staked ETH plus any future staking rewards. The issuance ratio of ankrETH:ETH will decrease over time. 1 ankrETH will gradually be worth more than 1 ETH, so the exchange rate of ETH to ankrETH increases continually and you receive a value-equivalent amount pegged to the time you deposit your ETH.
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