StakeHound’s role will be holding user funds in custody, staking them, and distributing rewards.
The token has numerous uses, including staking, lending and borrowing, and yield farming.
DASH, a payments-focused crypto project, has rolled out stakedDASH (stDASH), creating a bridge to Ethereum’s DeFi ecosystem. A press release was shared on March 10 noting that DASH Core Group and DASH NEXT collaborated with StakeHound, a DeFi gateway protocol, to achieve this feat. Reportedly, this development would also help improve DASH’s liquidity.
According to the news release, stDASH is an ERC-20 version of wrapped DASH. Through this token, DASH holders will be able to access DeFi protocols on the Ethereum chain and earn stable staking rewards. Once a user sends their DASH to StakeHound, the platform would store the funds in institutional-grade custody solutions, where they will be insured and audited in real-time on the blockchain.
Binance has Been Offering Passive Income Generating Opportunities with Bitcoin, Ethereum, Other Cryptocurrencies
January 12, 2021 @ 4:53 pm By Omar Faridi
Binance, the world’s largest digital assets exchange, notes that when it comes to cryptocurrencies, most consumers think of bear and bull markets, “insane” or crazy stories about people who became extremely wealthy overnight or lost it all in a major scam or by getting involved in highly-risky investments. These are typical crypto stories, Binance acknowledged.
However, Binance also pointed out that there are ways to significantly increase your wealth or net worth without actually trading, speculating, or purchasing many different altcoins “hoping that at least a few of them will moon.”
Telos to list on Uniswap following liquidity implementation plan
Submitted
08/01/2021 - 9:21am
Telos, a fully decentralised public blockchain network with more than 500,000 accounts, is to bring liquidity and added value to the TLOS ecosystem via the Telos Uniswap Liquidity Implementation Plan (TULIP).
Bridging the gap between the Telos and Ethereum communities while doubling down on its DeFi capabilities, Telos will issue an ERC-20 TLOS token available for presale in early January with the exact date to be announced on the Telos website 48 hours before the sale commences. This will generate funds for Telos to list on Uniswap with a strong, low-slippage pool of TLOS (ERC-20) and ETH. Remaining funds will support liquidity on other exchanges and pay for listing fees on top centralised exchanges.