Ethereum’s transition to Proof-of-Stake broadened the participation threshold to validate transactions on the network. Users could self-stake ETH, but strict requirements gave rise to liquid ETH staking platforms.
The requirements for self-staking on the Ethereum network are strict. Users must stake exactly 32 ETH per validator, have the technical knowledge to set up a node and have a dedicated computer with 24/7 internet access. Self-stakers do not receive a token representing their stake or rewards.
Liquid ETH staking platforms are usually user-friendly. There is no need for technical knowledge or a dedicated computer as the platform manages these aspects. Users who stake ETH with a liquid staking platform receive a “liquid” token representing their stake, which users can trade. At Hord, stakers receive hETH which represents their stake combined with rewards.
Liquid ETH Staking is More Convenient for Casual Users