Hord is incorporating stETH staking in the HyperYield Pool alongside wstETH. This addition amplifies the earning potential for participants, offering a notably higher APR than the average.
The decision to include stETH in the staking options comes at an important moment for the Ethereum ecosystem. As Lido, a prominent staking platform, approaches a 32% dominance in the ETH staking space, the introduction of stETH staking in Hord's HyperYield Pool provides diversification and contributes positively to the ecosystem. The ETH community closely monitors Lido's progress, as surpassing the 33% mark could potentially lead to negative consequences for the entire Ethereum ecosystem.
Behind the scenes, stETH is seamlessly converted to ETH and staked within Hord, contributing to the launch of additional validators. Stakers of stETH are rewarded with hETH, a representation of their stake combined with earnings, offering flexibility as it can be withdrawn for ETH at any time. Hord's innovative approach and commitment to optimizing staking options underscore its role as a dynamic player in the evolving landscape of liquid ETH staking.
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GitHub: github.com/hord
