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Hinkal V2 Launches Anonymity Staking with No KYC, Enhances On-Chain Privacy with hETH

Sep 16, 2024, 04:23 PM

Hinkal has announced the release of Hinkal V2, which introduces Anonymity Staking, allowing users to stake Ethereum (ETH) while maintaining full custody over their assets. The new feature enables users to stake ETH to receive hETH, a Liquid Privacy Token (LPT), without lock-up periods for unstaking. This development enhances on-chain privacy by boosting privacy for others and earning yield and Hinkal Points. The institutional-grade Shared Privacy Layer aims to mitigate risks associated with traditional staking methods. Additionally, there is no KYC requirement for staking. Hinkal V2 also allows ETH stakers to remain liquid while getting yield for their assets committed to the Shielded Pool.