DeFi

Hord is an Ethereum-based protocol for tokenized baskets of assets, which bundle together various crypto tokens using smart contracts. 

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 took effect in September 2022, it transitioned 

) system. By doing so, the energy consumption of the Ethereum network was drastically reduced. At the same time, it supported ETH staking, which propelled the establishment of several ETH staking providers. Some of these include 

. Hord is another decentralized finance (

) protocol that arose from the Merge, and it supports the ability to earn a higher APR yield from ETH staking.

 is among the most significant of updates to the Ethereum network, as it enables unstaking of ETH on the 

. However, even with the upgrade, staking ETH was still considered incredibly inaccessible, since it requires a minimum of 32 ETH to earn rewards. In addition, self-staking involves considerable technical expertise and around-the-clock internet access to maintain the Ethereum node. Lastly, the ETH staked on the Beacon Chain will be locked up for years, which means you won’t be benefiting from your staked ETH anytime soon if you choose to stake on the Beacon Chain.

The drawbacks of staking ETH on the Beacon Chain have inspired various DeFi platforms to offer 

 for ETH, which provides liquidity on staked ETH via tokenization. Stakers receive liquid staked ETH in the form of a token that represents the ETH they’ve staked. This process allows users to earn ample staking yield, and they can profit from their tradable liquid ETH tokens without having to unstake their ETH tokens. Additionally, these platforms help stakers set up and maintain nodes, so no technical expertise is required.

One such platform offering Liquid ETH staking is the Hord protocol.

 is an Ethereum-based protocol for tokenized baskets of assets, which bundle together various crypto tokens using 

 Its platform aims to offer multiple pools of tokenized baskets, 

 Champions Pools (trader-curated portfolios), Viking DAO Pools (baskets of early-stage projects) and Private Pools (private tokenized portfolios for financial firms). Currently, however, the Hord ETH Staking Pool is the only product available, and it’s the only pool containing a single asset. While the Hord project uses Ethereum as its native chain, it also uses 

By staking ETH on the Hord platform, users can benefit from liquid staking by receiving hETH. Users can earn an excellent yield on the Hord platform at a low fee. All they have to do is to connect their ETH wallet to the Hord's app and send their ETH to the app.

Notably, while most staking platforms require users to stake a minimum amount of ETH, there are no minimums to stake ETH on Hord, so smaller investors benefit as well. Staking ETH tokens on Hord also gives users access to compounding 

 rewards, Hord token rewards and ETH staking rewards. The compounding MEV rewards allow Hord to set its 

 higher than that of most other liquid staking options.

After the Ethereum Merge was completed, Ethereum’s new PoS protocol was established, allowing those with staked ETH to run validator nodes and receive transaction fees for verifying network transactions. While staking ETH on the Beacon Chain can be tedious, liquid ETH staking on Hord is simpler, more affordable and potentially more lucrative.

Staking ETH on Hord is simple. You can stake any amount of ETH you desire into the Hord ETH Staking Pool via a secure smart contract. After staking ETH on the Hord platform, you’ll receive 

 tokens. These tokens represent the ETH token value and the related rewards, which include auto-compounding MEV rewards and HORD rewards (on top of the ETH rewards). You can then continue to hold your hETH to earn staking rewards, or trade your hETH on any DeFi platform that supports 

To claim your staked ETH rewards, you’ll first need to connect your 

 to a DEX supporting hETH, such as Hord DEX, to liquidate your hETH tokens. Then, choose the hETH token on the DEX, indicate the amount of hETH you wish to sell and select hETH/ETH to implement the trade.

Users can stake ETH on various platforms, but significant benefits are associated with staking ETH tokens on Hord. The two most substantial ones are higher staking reward yields and no minimum requirement for ETH staking.

The Hord yield for staked ETH is higher than with any other platform, thanks to its auto-compounding MEV rewards and additional HORD rewards on top of the usual ETH staking rewards. Furthermore, as there’s no minimum amount of ETH to stake, anyone can participate in staking ETH to score attractive perks.

When you stake ETH via Hord or other projects, you contribute to the utility and security of the networks. At the same time, you’re compensated with staking rewards. While this can seem like a win-win situation, there are risks to be aware of before staking ETH. For example, the platform may be compromised through hacking or other potentially devastating events that can result in assets being stolen from the staking pool and considerable losses for ETH stakers.

Another notable risk to consider before you stake ETH is related to price volatility. If a token’s price drops during the staking period, users can experience financial loss. Liquid ETH staking on Hord, however, gives users hETH tokens. These liquid staking tokens can be traded so that users aren’t locked into a position that could otherwise result in amplified financial loss.

hETH is the liquid token available through ETH staking on the Hord network. This ERC-20 token represents both the staked ETH and the staking yield, making its value higher than that of ETH. As a liquid staking token, hETH can be traded as desired on various DEXs. The ETH staking APR includes Hord rewards, MEV rewards and ETH staking rewards. When a user decides to redeem their hETH for ETH, the hETH tokens are burned.

HORD, the native token of the Hord project, operates on both Ethereum and the BNB Chain. It enjoys a substantial real yield mechanism, and a portion of the profits yielded by its liquid staking platform are distributed to HORD token holders. This arrangement enables HORD holders to generate passive income through token ownership alone. Those who hold more tokens receive a greater share of the platform’s profits. The primary purposes of HORD tokens are staking and community governance within the project's ecosystem.

Taking advantage of Hord staking services gives users access to an incredible annual percentage yield (APY). In fact, the current APY is 

, and this comes with a 10-day staking period and a 5-day cool-down period. Currently, over 6 million HORD tokens are staked, and more than 160,000 HORD rewards are unlocked. Hord staking uses a time-based system that rewards long-term HORD staking with a dynamic bonus pool.

Those who hold HORD tokens are also granted voting power, allowing for the democratization of decision-making. Token holders have a say in critical matters, such as resource allocation, parameter adjustments and upgrades to the protocol. While anyone who holds a HORD token for at least two weeks is eligible to vote, users are encouraged to retain control of their tokens for more prolonged periods using a time-weighted token voting structure. With time-weighted token voting, participants who hold their tokens for a longer period have a greater say in the platform’s direction.

However, this voting power is capped off at two years to ensure that no one will wield too much voting power and tip the balance of the democratic voting structure. The specific time periods used in the time-weighted measure are three, six, 12 and 24 months. Token holders can opt to delegate their voting power to others under specific circumstances and rules.

Proposals can only be submitted for consideration by those who have held the equivalent of at least $1,000 in HORD for at least one month. The HORD voting community is provided with a 10-day period to review and cast votes on each proposal. For a proposal to be deemed valid, it must secure representation from at least 2.5% of all circulating tokens in the community vote.

As of Aug 24, 2023, the HORD token’s price is $0.011, which is over 99% lower than its all-time high price of $1.79 (May 12, 2021) and 34.81% higher than its all-time low price of $0.008 (Jul 25, 2022). It has a current circulating supply of over 98 million HORD tokens, with a maximum supply of 320 million.

The ability to contribute to the Ethereum network with liquid staking on the Hord platform offers exciting benefits for users. ETH staking with Hord comes with ample rewards to compensate users for contributing to the staking pool, and they also stand to gain extra bonuses from HORD staking. That said, Hord still has many competitors, with the powerful Lido platform taking the largest share of the market. Further, its tokenized asset pools haven’t yet been developed, limiting its product to ETH staking.

With this in mind, many experts predict a moderately slow price increase for Hord. For example, PricePrediction 

 $0.056 in 2025 and $0.41 in 2030. Meanwhile, DigitalCoinPrice 

Despite the increasing competition in the liquid staking market, Hord continues to hold firm against most competitors with its combination of low fees, attractive yield rates and no minimum staking requirement for ETH staking. Should its future plans for diverse tokenized asset pools finalize, Hord may prove to be a formidable player in the evolving DeFi and staking landscape.

Hord (HORD): Achieving Higher Yield for Your Liquid ETH Staking

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