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Hinkal Unveils $hETH, 1st Ever $ETH Derivative for Liquid Privacy

Author: Content Editor
Hinkal, a self-custodial protocol, has released the V2 version of its dApp, which introduces Cross-Chain Shared Privacy and $hETH, the first-ever derivative of $ETH for liquid privacy. This allows users to remain liquid while earning yield on their assets in the Shielded Pool. The platform offers transaction privacy and allows users to transact and store assets without revealing their identity on-chain. However, there are issues with participation incentives, free-loaders, and limited yield opportunities. Hinkal addresses these issues by introducing Anonymity Staking, where users can stake $ETH into the Shielded Pool and receive returns in $hETH. This aligns personal incentives with privacy and allows users to utilize $hETH for lending, trading, or collateral in DeFi apps. Anonymity Staking also allows users to stake any amount of $ETH without a lock-up period, giving them complete custody over their assets.

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