Gate.io AMA with Hord-Simple, Secure, & Liquid Ethereum Staking with the Best APR

2023-08-08, 10:06

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![](https://gimg2.gateimg.com/image/article/16914889041.jpg)
**<font size=4>Time: Aug 7th, 2023 at 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with Erez Ben Kiki, CEO of Hord and Meir Rosenschien,Product Manager of Hord in the [Gate.io Exchange Community](https://t.me/gateio "Gate.io Exchange Community").
Official Website: https://www.hord.fi/
Twitter: https://twitter.com/HordApp
Follow Hord on [Twitter](https://twitter.com/HordApp "Twitter") and [Telegram](https://t.me/hordnews "Telegram")
</font>**
**Guests**
![](https://gimg2.gateimg.com/image/article/16914891042.jpg)
**Erez Ben Kiki — CEO of Hord**
![](https://gimg2.gateimg.com/image/article/16914891223.jpg)
**Meir Rosenschien — Product Manager of Hord**
## Q&A from Gate.io
### Q1: What is HORD?
So Hord was created over 2 years ago with the goal of letting anyone create indexed, tokenized pools for their crypto investing strategies.

By ‘tokenized’ I mean our technology lets people create a tradable asset, a token, that holds within it an investment strategy.

Or in other words a token that represents another asset, or multiple assets, that have potential to increase in value over time.

As we launched our first version in late 2021, we noticed a shift in the market.

Our users, along with the rest of the crypto landscape, were becoming hesitant to trade assets. And even more importantly, they became much more hesitant to tokenize their own strategies, and risk their reputation on a volatile market.

But as this was all taking place, there was a very important development happening in the crypto space. <a href="/ar/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a>’s move from Proof of Work… to Proof of Stake.

All of a sudden there was a new asset class that met our criteria for tokenization, and importantly, it was relatively immune to market volatility.

That’s how the hETH token was born and with it Hord’s Liquid ETH Staking Pool.

The idea is very simple:
Users can deposit ETH into the pool.

In exchange the get a token called hETH, that represents their share of the pool.

We use the ETH deposited by users to run validators that help operate the Ethereum blockchain.

In exchange, our validators earn rewards, extra ETH that is deposited back into the pool
So now users hETH tokens represent the ETH they deposited + their share of the rewards accumulated in the pool.
![](https://gimg2.gateimg.com/image/article/16914891474.png)
We’ve had over 1,700 ETH deposited in just a few months, and we have a number of product improvements that we’re very proud of, and will be announced in the upcoming month.

### Q2: As Ethereum staking gains popularity, how does Hord plan to stay competitive?
First of all, yes, the Ethereum staking landscape is getting competitive.

This is a good thing.

There’s a very critical, inherent danger within Ethereum. That too much of Ethereum’s validators - aka its processing power, will be held in once place.

If that happens, and something goes wrong (and unfortunately we’re all aware of the examples of things going wrong in the space) that can be extremely bad not just for Ethereum holders, but for the entire crypto community.

So we believe competition within the ETH staking space is very important. And we take our role within it very seriously.

Our fundamental focuses with Hord are on security, user experience and real yield which will get to a little later.

### Q3: Can you tell us more about Hord’s early adopter program?
Yes. To celebrate our Pool’s public launch, we’re offering our early users some exciting incentives.

First of all, we’ve temporarily added our own protocol token, HORD, to the pool.

So when staking ETH, in addition to receiving hETH, early users will also receive HORD tokens.

Secondly, we’ve partnered with Galxe and Airdrop.io for an exciting airdrop campaign. Early users who complete different actions within our app and our community will earn points which will go towards a HORD airdrop.

Anyone who wants to participate in our early adopter program is invited to join our Discord community where you can get all the details. You can find the <a href="/ar/price/link-ln" target="_blank" class="blog_inner_link">LINK</a> in our Twitter or website - https://www.hord.fi/

### Q4: What is the role of the token in all this?
As I was saying earlier, we take our responsibility in maintaining a healthy Ethereum blockchain very seriously.

We believe it’s cruical for the space to be as open and decentralized as possible.

Our HORD token plays an important role in helping our protocol transition to being dentralized.

So HORD holders will be able to propose and vote on key decisions within Hord, helping secure us and the entire space.

Now in addition, I’d like to introduce Real Yield, one of our most exciting features at Hord, that we feel really sets us apart from the rest.

As I was saying, It’s very important for us to open up our platform to the community.

We’re doing this through governance.

We view governance as a service our community is providing us.

They’re spending time and attention in helping the protocol remain secure and balanced.

We want to incentivize smart, ambitious members to join our journey, and help our community grow and develop.
This is why we’re introducing real yield, which will be implemented later this year.

Real Yield is a commitment from us to share our revenues from Hord with the community.

It’ll work very simply.

The Hord protocol colletcts 10% of the rewards earned by our validators.

After accounting for expenses needed to operate the network. Things like maintenance costs, providing liquidity etc… 
The remaining funds will be split 50-50 between HORD holders and the Hord operating foundation.
![](https://gimg2.gateimg.com/image/article/16914891605.png)
We believe this will be an extremely exciting opportunity for crypto users who believe in the future of ETH Staking and want to join and build with us.

### Q5: With the Dencun Upgrade on the horizon, how will Hord leverage this Ethereum hard fork?
So there’s still quite a bit for us to explore regarding the Dencun upgrade, but, there are a few points from it that will clearly become important for what we’re building at Hord.

We’re closely following what is being worked on with Proto-Dank-Sharding, in regards to decreasing L2 transaction costs.

We’ve recently migrated much of our token liquidity to Arbitrum, and we’re exploring additional ways to integrate Arbitrum with our core product.

It’s still quite early for us to give sufficient details, but I’d suggest anyone interested to follow us on Twitter and join our Discord channels to stay up to date.

<div class="blog-details-info">
<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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