Haven1 and Stader Labs Announce Strategic Partnership

What is ETH staking?

ETH staking is the process of locking up Ethereum (ETH) to support the Ethereum network's validation process, making them responsible for verifying transactions and securing the network. In exchange for staking their ETH, validators earn rewards in the form of new ETH, fostering a secure, efficient, and sustainable ecosystem through the Proof-of-Stake (PoS) consensus mechanism. Importantly, validators are required to stake their own ETH, which serves as a form of collateral and encourages honest behavior. If validators act maliciously or attempt to compromise the network, they risk losing their staked ETH, further reinforcing the system's security.

This method is not only more environmentally friendly, requiring less computing power, but is also significantly more scalable than the energy-intensive Proof-of-Work (PoW) consensus mechanism used in mining.

Introducing hsETH 

hsETH is a liquid staking token that users receive when they stake their ETH through Haven1. It represents the value of their staked ETH plus accrued staking rewards.

Haven1 aims to elevate its liquid staking token, hsETH, to become a distinctive LST, catering to the needs of users while enriching the array of LSTs on the Ethereum and Haven1 network. By partnering with Stader,  extensive multi-chain partnerships, users can optimize their rewards effectively. The platform enables users to stake with both individual users and skilled professional operators, ensuring high scalability. Haven1’s multipool design facilitates seamless expansion in response to user demand. Stader prioritizes security with smart contract audits conducted by renowned firms like Sigma Prime, establishing a safe environment for all users.

How hsETH works

Haven1’s strategic partnership with Stader allows us to leverage their innovative multi-pool architecture tailored to accommodate all categories of node operators. This collaboration is pivotal in establishing decentralized, scalable, and resilient node operations for hsETH.

At the core of Stader's system is the inclusion of permissionless node operators, eliminating any whitelisting prerequisites. Haven1’s and Stader’s vision for liquid staking ETH revolves around achieving an optimal equilibrium between user experience, scalability, and decentralization. They aspire towards a future where ETH is truly decentralized on the back of permissionless node operators benefitting from reduced capital & tech requirements while permissioned players provide the scalability by absorbing excess ETH staked, thereby keeping the APR consistently strong. 

Through the collaborative efforts of hsETH and Haven1 with Stader, we are laying the groundwork for a future where staking becomes seamless, rewarding, and indispensable within the Ethereum DeFi ecosystem.

Benefits for Haven1 users 

Haven1 users can reap numerous benefits from this product offering. By engaging with the platform, they gain access to staking rewards, early integration into the Haven1 ecosystem, and incentivized ETH staking rewards. Additionally, hsETH will receive robust support on Haven1, empowering users to augment their earnings with additional yield and rewards via on-chain products.

Launch Timeline

hsETH is already live with full functionality to be launched on Haven1 at mainnet. This innovative solution represents a significant milestone in Haven1’s journey to offer enhanced staking solutions and empower users with greater on-chain participation.