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Hord is an innovative liquid staking (LSD) solution that strengthens the Ethereum ecosystem and offers a straightforward way to earn rewards on your ETH. When staking with Hord, you receive a liquid token called hETH that mirrors your stake and can be used in DeFi applications while accumulating rewards.
The Hord protocol is comprised of the following components:
- 1.Staking Pool - Manages deposits, staking rewards, and withdrawals.
- 2.hETH - The liquid token hETH reflects a staker’s ETH combined with rewards. hETH is tradable and transferable, unlike a solo staker’s ETH, which is locked in a node.
- 3.Node Operators - Providers of secure, stable infrastructure for running validator clients in support of the Hord protocol. These providers are dedicated to staking funds and ensuring the validity of protocol operations.
- 4.DAO - HORD token holders can propose and vote on changes to the protocol.