An Overview of Ethereum Staking

Overview of ETH Staking globally
  • On September 6th, 2022, the Ethereum network underwent a transition known as “The Merge.” The merge transformed Ethereum from a Proof-of-Work (PoW) network to a Proof-of-Stake (PoS) network. Through the Merge, Ethereum’s mainnet and beacon chain, a separate proof-of-stake network, were combined.
  • There are over 500,000 validators on Ethereum’s network, representing roughly 13% of the entire ETH supply. The percentage of stakers will likely increase further following the implementation of the Shanghai hard fork, enabling withdrawals.
  • Among ETH liquid staking platforms, the leading platform operates 25% of all validator nodes, which is more than all other liquid platforms combined. Other leading ETH staking options include the top exchanges Coinbase, Binance, and Kraken, which combined represent 24% of all staked ETH. Staking ETH on exchange platforms does not provide liquid assets.
  • The current distribution of ETH staking pools emphasizes a centralization issue for the state of Ethereum staking but also an opportunity. Many liquid ETH staking solutions had strict requirements for users and limited usability.
Representing the owners of the validators
  • Hord’s liquid ETH staking solutions will require no minimums from users, provide a secure and simple UX, and offer the highest APRs. Additionally, hETH will be available on various DeFi platforms to increase its attractiveness to traders and stakers.