Try stDIVI on Testnet and Win $6,000 in DIVI and stETH!

To celebrate stDIVI launching on the testnet and help prepare you with the mainnet launch, we have worked with Divi to let some of you lucky ones walk away with DIVI and stETH!

A bit about the testnet

This testnet is a great way for our users to become familiar with the process of buying stDivi, and interacting with liquidity pools, in a risk-free way. It’s important to remember that although the steps will be similar for the real process, addresses will be different. 

Here’s how to enter: 

  1. Follow Divi on Twitter and StakeHound on Twitter
  2. Join discord https://discord.gg/EzTUmdNVzu
  3. RT or quote the competition tweet
  4. Read the testnet guide and follow the steps through to get stDivi.
  5. Read the testnet guide and follow the steps through to get stETH and provide liquidity.
  6. Read the testnet guide and follow the steps through to get stETH and provide liquidity in the stDIVI/stETH pool.
  7. Once you’ve completed the steps, take a screenshot of your stDIVI/stETH position from within the SushiSwap “Pool” option.
  8. Post the screenshot on Twitter and tag @DiviProject, @stakedTokens and use the hashtags #stDIVI and #LiquidStaking
  9. (Contest Participation Form) Submit your (1) tweet URL, (2) DIVI wallet address, and (3) ERC-20 mainnet wallet address (MetaMask preferred)*. Please note that these addresses should NOT be your testnet wallet.
  10. Contest ends 30th April, 23:59. Winners will be announced within two weeks after the contest ends.

*Addresses cannot be changed after submission. Winners will have tokens delivered to these indicated wallet addresses.

How to get stDivi

Here’s a quick recap of the testnet guide above. We suggest following the in-depth guide carefully, especially if you’re new to DeFi!

  1. Head to StakeHound.com and click on ‘Try stDivi™ Today’.
  2. Download Metamask. 
  3. Switch your Metamask network from ‘Ethereum Mainnet’ to ‘Ropsten Test Network’ through the browser extension.
  4. Request ETH from a faucet. 
  5. Check your wallet in the Metamask extension. You should see the number of ETH now available in your wallet.
  6. Head to SushiSwap for the stDivi testnet
  7. Now, you can use the ETH you have received from the faucet to swap for stDivi.
  8. Add stDivi (testnet) tokens to your Metamask wallet. You may click on ‘Add stDivi to Metamask’ or select ‘Add Token’ directly from the Metamask extension.
  9. You will now see that the Metamask wallet holds the number of stDivi you have swapped for. 

How to get stETH

In a similar fashion above, get stETH on the testnet. You may also refer to this guide.

  1. Download Metamask. 
  2. Switch your Metamask network from ‘Ethereum Mainnet’ to ‘Ropsten Test Network’ through the browser extension.
  3. Request ETH from a faucet. 
  4. Check your wallet in the Metamask extension. You should see the number of ETH now available in your wallet.
  5. Head to SushiSwap for the stETH testnet
  6. Now, you can use the ETH you have received from the faucet to swap for stETH.
  7. Add stETH (testnet) tokens to your Metamask wallet. You may click on ‘Add stDivi to Metamask’ or select ‘Add Token’ directly from the Metamask extension.
  8. You will now see that the Metamask wallet holds the number of stETH you have swapped for. 

How to provide liquidity to stDIVI-stETH pool

In a similar fashion above, get stETH on the testnet

  1. Head to the stDIVI-stETH Pair on Sushi
  2. Determine the amount you would like to contribute to the pool
  3. Proceed to add liquidity

Prizes

10 winners will each receive stETH and DIVI in the amount of $600 each.

Should you have any questions on the contest, feel free to reach out to us via Discord or Telegram! Best of luck!

How to Provide Liquidity to stETH-stDIVI on SushiSwap [testnet]

This is a continuation from the first stDivi testnet guide.

NOTE: The stDivi testnet is an emulation for users to familiarise themselves with the process of acquiring stDivi and providing liquidity to the pool without using real cryptocurrencies. Please note that while the steps will be the same when stDivi is live on the mainnet, the mainnet Contract Address and Link to SushiSwap Pair will be different from this guide. 

Before you begin with this guide, you would have already created a Metamask wallet and acquired some stDIVI. You may follow the steps below for clarity. If you already have stETH, skip the first half of this guide and proceed to ‘Providing liquidity’.

Getting stETH

You may follow through the first half of this guide to get stETH, or simply refer to the stDIVI testnet guide but change stDIVI details to:

1. Switch your Metamask network from ‘Ethereum Mainnet’ to ‘Ropsten Test Network’ through the browser extension.

 

3. Request for any amount of ETH from faucets [https://faucet.dimensions.network/, https://faucet.metamask.io/https://faucet.dimensions.network/]. Input your wallet address. You can find your wallet address in the Metamask extension. Click on it and click on the Account name to copy your wallet address to clipboard. Paste it in the field and click on ‘Send Ropsten ETH’.

 

4. Once you are done, it will reflect a transaction hash. Click on it to be taken to Etherscan which will reflect the status of the rETH transaction. Please note that you might have to wait up to 2 minutes for the transaction to be successful. Check your wallet in the Metamask extension. You should see the number of ETH now available in your wallet.

 

5. Head to SushiSwap to get some stETH: https://exchange.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x09A33bE88094268360b9e340efD3657bBf351AA6. Connect your MetaMask wallet to SushiSwap (top right in the navigation bar). Afterwards, check ‘I understand’ in the warning message and click ‘Import’. If stETH is not showing up, double check your MetaMask account through the browser extension if your network is on ‘Ropsten Test Network’ instead of the mainnet.  

 

6. Now, you can use the ETH you have received from the faucet to swap for stETH. If there is no warning message, you just need to click on ‘Confirm Swap’ to proceed. You may refer to this guide for the exact steps toward completion of acquiring stETH, but replace ‘stDIVI’ with ‘stETH’.

 

Providing Liquidity

Now that you own stDIVI and stETH in your wallet, head to the Sushiswap pair. Key in the amount you would like to contribute to the pool in either of the fields. The other will be automatically populated based on the pairing. After this, you would need to approve spend of stDIVI and stETH twice on both Sushi and MetaMask, to confirm your transaction. With this, you have successfully added liquidity to the stDIVI-stETH pair on the testnet!

 

 

Have questions? Join the stDivi Discord community and let us assist.

How to Yield Farm with stFIRO

To start yield farming with stFIRO, you will need equal values of stETH and stFIRO. If you haven’t gotten your stETH and stFiro, here are some resources for you to follow:
1. Get stETH
2. Get stFIRO through StakeHound (min. 1,000 CHF) or directly on SushiSwap (no min. but you’ll need stETH).

Why You Should Yield Farm on a Multi-staked Token Pool

The key benefit of providing liquidity to a multi-staked Token pool is the staking rewards that come with BOTH tokens = stETH staking rewards 7.87% APY + stFIRO (Masternode) staking rewards 10.55% APR, as of writing. On top of this, you can also earn additional fees by providing liquidity to a pool at 0.25% fees on all trades proportionate to your pool share, and by staking its Liquidity Provider (LP) token on the stFIRO-stETH Onsen Pool that was at 800% APY at its highest on 28th March (currently 156% APY, still pretty high).

In total, we’re looking at earning:

  1. Staking Rewards: 7.87% APY + 10.55% APR
  2. Trading Fees: 0.25% fee on all trades
  3. SUSHI Rewards: 156% APY

*Please note that rewards are not fixed and depend on the market activities. The numbers are as of writing.

Before you begin, you will need:

1. stETH and stFIRO at equal values
2. MetaMask Wallet
3. Some ETH for gas fees

Step-by-step Guide:

1. Head to the stFIRO-stETH Pair on app.sushi.com or through this link directly.

 

2. Connect your MetaMask wallet (top left on the app.sushi.com UI). Approve by hitting “Next” and then “Connect“.

 

3. Click on “+ Liquidity” in the box on the right. Key in the amount of stFIRO you’d like to contribute to the liquidity pool. Bear in mind that you should have equal values by now. The other amount (of stETH) will be populated automatically).

 

4. After keying in, you will be asked to approve the stFIRO spend on the Sushi UI as well as on your MetaMask extension (wallet). Arppove by confirming the transaction after reviewing the details on your MetaMask pop-up.

5. Depending on the gas fees and network, it might take a while for the transaction to be confirmed. Head back to the stFIRO-stETH liquidity pool. You might need to refresh. At this point, click on “MAX” button on the “input” field for stFIRO balance to add the maximum liquidity you can provide for this pool. Please note that the screenshot below is not reflective of the actual transaction. At this point, you should see some balances in your stETH and stFIRO (above ticker and logo). During this step, you will only see one button to proceed – hit “Supply“.

 

6. Confirm your transaction on MetaMask again to confirm supply.

7. After confirming, it will take a while for the transaction to go through. Once approved, you will receive a verification message on the right of the SushiSwap page. Head to the Farm next. On this page, you will see a list of Farms – which is split into Farm and Onsen Farms. Onsen farms are where you will find most of the newly listed token pairings. You can do a quick search with the search bar (“filter pairs”). Click on “Onsen Farms” and search for “stFIRO“.

 

8. Click on ‘Approve Staking‘ to stake your SLP token. Connect your wallet again and approve the transaction twice. Afterwards, you will be able to view your SUSHI rewards on your portfolio (read Check Positions and Balances below), add and remove liquidity, and more.

 

9. Head to Onsen Farm. Under ‘Filter’, search for stFIRO pairing. You will see a stFIRO-stETH pairing. You can also have an overview of the ROI, liquidity of the pool, amount you have staked, and your total SUSHI earnings. On the right, you can quickly add liquidity or “Approve Staking” (which is staking your SLP). Once you already have your SLP by providing liquidity in part 1, you can proceed to stake your SLP here under ‘Approve Staking’. You will have to Approve Staking, and then click on “Staking” again. From here, you can proceed to check your balances in your portfolio every now and then on SushiSwap (read below sections).

 

Checking Positions and Balances

To know what your current positions and balances are, head to your SushiSwap portfolio. You have to connect your wallet to see the balances and positions. You can also access this page by heading to app.sushi.com, connect your wallet (just below Sushi’s logo on the left), and click on ‘Portfolio‘. On this page, you are able to look at the transactions you have made through Sushi and the connected wallet. At the same time, view the SUSHI rewards you would have accumulated (via yield farming, not included in this article), your liquidity pool positions, as well as the specific farms you have “staked” your SLP tokens on.

 

Removing Liquidity

If for some reason you would like to remove liquidity from a pool, you can also do so via app.sushi.com. Connect your MetaMask wallet, go to “Pairs” and search for the pair you provided liquidity to. It will look similar to the screenshot below. Now, instead of “+ Liquidity”, select “– Liquidity” in the box on the right. You can then select the percentage of liquidity you would like to withdraw.

 

Just an additional note: Every transaction and confirmation will require ETH gas fees. Plan your movements in advance and watch the market to make the best of your stTokens.

Have Questions? Join our stFIRO community on Discord!

Provide Liquidity to stETH-stZEN and Earn SUSHI Rewards!

If you haven’t gotten your stETH and stZEN, here are some resources for you to follow:
1. Get stETH
2. Get stZEN with ETH or ZEN

The key benefit of providing liquidity to a multi-staked Token pool is the staking rewards that come with BOTH tokens = stETH staking rewards 7.87% APY + stZEN Secure node staking rewards 8.67% APR, as of writing. On top of this, you can also earn additional fees by providing liquidity to a pool on an Automated Market Maker (AMM) like SushiSwap.

1. Head to SushiSwap Exchange or access Liquidity Pool directly. Click on “Pool” on the top left (if you are not directed to the pool.)

2. Click on “+Add Liquidity“. As you can see in the screenshot, Liquidity Providers are rewarded a 0.25% fee proportionate to their liquidity pool share.

3. As you can see, both are input options. Select ‘stZEN’ if you have already imported it previously. Otherwise, use this token address: 0x31B595e7cfDB624D10A3E7A562eD98c3567e3865

Next, choose how much you would like to contribute to one of the tokens. The other number will be automatically populated based on the price of the token. Hit ‘Approve stZEN‘.

 

4. Your MetaMask extension will pop-up again requesting confirmation of the transaction, along with the transaction fees required. Hit ‘Confirm’.

 

5. After confirming, it will take a while for the transaction to go through. Once approved, you will receive a verification message on the right of the SushiSwap page. Head to the Farm next. On this page, you will see a list of Farms – which is split into Farm and Onsen Farms. Onsen farms are where you will find most of the newly listed token pairings. You can do a quick search with the search bar (“filter pairs”). Click on “Onsen Farms” and search for “stZEN“.

 

6. Click on ‘Approve Staking‘ to stake your SLP token. Connect your wallet again and approve the transaction twice. Afterwards, you will be able to view your SUSHI rewards on your portfolio (read Check Positions and Balances below), add and remove liquidity, and more.

(PART II) Staking your SLP on Onsen Farm

1. Head to Onsen Farm on the SushiSwap app.

2. Connect to your wallet if you haven’t already.

3. Under ‘Filter’, search for stZEN pairing. You will see a stZEN-stETH pairing. You can also have an overview of the ROI, liquidity of the pool, amount you have staked, and your total SUSHI earnings. On the right, you can quickly add liquidity or “Approve Staking” (which is staking your SLP). Once you already have your SLP by providing liquidity in part 1, you can proceed to stake your SLP here under ‘Approve Staking’. You will have to approve 2 transactions. From here, you can proceed to check your balances in your portfolio every now and then on SushiSwap (read below sections).

 

Checking Positions and Balances

To know what your current positions and balances are, head to your SushiSwap portfolio. You have to connect your wallet to see the balances and positions. You can also access this page by heading to app.sushi.com, connect your wallet (just below Sushi’s logo on the left), and click on ‘Portfolio‘. On this page, you are able to look at the transactions you have made through Sushi and the connected wallet. At the same time, view the SUSHI rewards you would have accumulated (via yield farming, not included in this article), your liquidity pool positions, as well as the specific farms you have “staked” your SLP tokens on.

 

Removing Liquidity

If for some reason you would like to remove liquidity from a pool, you can also do so via app.sushi.com. Connect your MetaMask wallet, go to “Pairs” and search for the pair you provided liquidity to. It will look similar to the screenshot below. Now, instead of “+ Liquidity”, select “– Liquidity” in the box on the right. You can then select the percentage of liquidity you would like to withdraw.

 

Just an additional note: Every transaction and confirmation will require ETH gas fees. Plan your movements in advance and watch the market to make the best of your stTokens.

Have Questions? Join our stZEN community on Discord!

stZEN is now on SushiSwap: Here’s how you can earn with stZEN + a $2,500 Giveaway!

stakedZEN (stZEN) is a 1:1 ERC-20 representation of staking ZEN through StakeHound. This is made possible with the partnership between StakeHound and Horizen to make staking ZEN easier and more liquid for the community. Here’s a summary of stZEN and what it does.

stZEN enables anyone to:

  1. Earn staking rewards without lock-up or high minimum stake.
  2. Access DeFi ecosystem – yield farming, lending and borrowing, and more to earn even more rewards or yield.

All of the above, at the same time.

How to Get stZEN:

There are multiple ways to get stZEN depending on what cryptocurrency you’re holding. You can get stZEN with ETH, stETH or ZEN itself. To find more information on stZEN, you may search with its contract address: 0x31b595e7cfdb624d10a3e7a562ed98c3567e3865

  1. Through the stETH-stZEN pool on SushiSwap, with no minimum.
  2. Through the ETH-stZEN pool on SushiSwap, with no minimum.
  3. Through StakeHound’s Altcoinomy KYC Process: Minimum from 1,000 CHF.

4 Ways to Earn More with stZEN:

1. Earn stZEN Staking Rewards

Anyone can earn staking rewards just by holding onto stZEN. Simply put, 1 stZEN = holding 1 ZEN. You will earn the rewards according to ZEN’s staking rewards. The frequency of distribution is similar as well. Distribution of your staking rewards will come in stZEN tokens, automatically distributed to wherever you are holding stZEN – whether it’s on your MetaMask wallet, or in a SushiSwap pool. There are no additional steps or opt-in required. If you would like to, you can always exchange stZEN for ZEN 1:1 anytime with StakeHound through the KYC process.

2. Provide Liquidity to stZEN Pools and Earn Trading Fees

Besides holding onto staking rewards, you can also provide liquidity to stZEN pools and earn extra trading fees. On SushiSwap, liquidity providers will earn 0.25% fees on all trades proportionate to their pool share. This means that if you provide liquidity to an stZEN pool, you will be earning both (1) staking rewards and (2) trading fees. By providing liquidity, you will receive an LP token (Sushi Liquidity Pool – SLP) token which represents your share in the pool. This allows you to reclaim and withdraw your liquidity from the pool. You can also do yield farming with your LP token (point 3).

3. Yield farming with Onsen Farm

Putting it simply, yield farming is basically staking your Liquidity Pool tokens (LP tokens) to earn even more rewards. Yield farming exists to further incentivize people to provide liquidity to the pools. On SushiSwap, there are farms on it that allow users to stake their LP tokens according to the pools they contribute to, which yield varies. As for stZEN, you can stake your SLP token on the stETH-stZEN Onsen farm to earn SUSHI rewards. SUSHI rewards are governance tokens of SUSHI, that you can also trade on the open market where it is listed.

4. Multiple Layers of Staking Rewards (!!)

What is a multi-staked Token pool? It is a pairing that is made up of both stakedTokens issued by StakeHound. This means that users can earn staking rewards from BOTH stakedTokens by (1) holding both stTokens (namely stZEN and stETH) and (2) providing liquidity to a multi-staked Token pool. Users are recommended to provide liquidity to the stETH-stZEN pool so as to earn even more rewards with the same amount of effort. Similar to the set-up of stZEN, stETH is a 1:1 representation of staking 1 ETH through StakeHound, without a lock-up and high minimum stake required. Currently, ETH 2.0 requires 32 ETH and 18 month lock-up for stakers. But with stETH, there are no minimum holdings required when acquired through SushiSwap.

In summary, stETH-stZEN liquidity providers get to earn 3 different rewards:

  1. Staking rewards (of both)
  2. Trading fees (0.25% fees on all trades proportionate to your liquidity pool share)
  3. SUSHI Rewards (governance token on SushiSwap)

For example, if Adam is to provide liquidity to stETH-stZEN pool, the rewards are:

  1. stETH Staking rewards at 7.87% APY
  2. stZEN Staking rewards at 8.67% APY (Secure node)
  3. Trading fees of pool share: 0.25% fees on all trades proportionate to his pool share
  4. Additional SUSHI Rewards: 91.42% (1y)

*As staking rewards vary from time to time, the above numbers are as of writing.

Here’s how you can earn Multiple Staking Rewards with stZEN

  1. If you haven’t created a MetaMask wallet, here’s how you can do it.
  2. After getting a wallet, you will need to get some stETH on SushiSwap.
  3. You will also need to get either stZEN with the stETH you just acquired or stZEN with ZEN through KYC process.
  4. Next, provide liquidity to the stETH-stZEN pool
  5. Finally, stake your SLP here.

Have questions on how you can do it? Join our stZEN Discord Community!

BONUS: $2,500 Giveaway!

The Horizen team has also launched a $2,500 giveaway for stZEN supporters! The best part about this is that it’s very easy to qualify for this giveaway. All you have to do is to get at least 10 stZEN before May 8th, and hold it in the submitted wallet for 30 days. If you are new to DeFi and SushiSwap, refer to the above section for links to detailed guides.

Step-by-step Guide: Providing Liquidity and Yield Farming on SushiSwap

When it comes to liquid staking, anyone can hold onto stakedTokens (stTokens) and earn staking rewards, while at the same time, participate in DeFi activities such as yield farming. So what exactly is yield farming? Yield farming is also known as liquidity mining, which is just another DeFi term for additional rewards given to liquidity providers via staking. There are essentially two parts to the process of yield farming: (1) providing liquidity, (2) mining your liquidity pool (LP) tokens. In this article, we will be covering (1) providing liquidity.

In summary, StakeHound’s stToken liquidity providers get to earn 3 different rewards:
1. Staking rewards (varies between tokens)
2. Trading fees (0.25% of all trades proportionate to your liquidity pool share)
3. SUSHI Rewards (governance token on SushiSwap)

For example, if Adam is to provide liquidity to ETH-stETH pool, the rewards are:
1. stETH Staking rewards at 7.87% APY
2. Trading fees of pool share: 0.25% per trade proportionate to pool share
3. Additional SUSHI Rewards: 73.65%(1y)

*As staking rewards vary from time to time, the above numbers are as of writing.

If Adam provides liquidity to a multi-staked Token pool (eg. stETH-stDASH), this means that Adam will get to earn Staking rewards from both, Trading fees of pool share, as well as SUSHI Rewards on the Onsen (depending on if it is listed). Now that you understand how the rewards work, here are the step-by-step instructions. In this article, we will be covering both parts on SushiSwap.

Before you begin, you will need:

1. MetaMask Wallet
2. ETH and/or stETH in your wallet depending on which token you are providing liquidity to.

 

(PART I) Providing Liquidity

1. Head to SushiSwap Exchange or access the correct Liquidity Pool directly (if link is provided). Click on “Pool” on the top left (if you are not directed to the right pairing).

2. Click on “+Add Liquidity“. As you can see in the screenshot, Liquidity Providers are rewarded a 0.25% fee proportionate to their liquidity pool share.

 

3. Both are input options indicated on the screenshot below. Select the correct stToken if you have already imported it previously. Otherwise, use the right token address.

Note: You can find all the token addresses from our FAQ document. Kindly note that token addresses for mainnet and testnet are different. You cannot transfer testnet tokens to the mainnet, vice versa. To put it simply, the mainnet consists of your “real” crypto, while the testnet consists of “fake” crypto. You can check which network you are on via your MetaMask wallet on your browser extension.

In this example, we are using the ETH-stETH pool. If you are providing liquidity to other stToken pools, make sure that two tokens’ contract addresses are correct. Next, key in the amount you would like to contribute to either of the tokens. The other “Input” amount will be automatically populated based on the current price of the token. Hit ‘Approve stETH‘ (screenshot below). If you already hold enough balances for both tokens of the pool, you will skip this step (Skip to step 5).

 

4. Your MetaMask extension will pop-up requesting confirmation of the transaction, along with the amount of transaction fees required. Hit ‘Confirm‘.

5. Once confirmed, move to the next step. As the prior confirmation was just to acquire stETH (for those without enough stETH/stToken balances), you would need to do another step of supplying. As mentioned in step 3, if you already hold enough balances of both tokens of the pool you selected, you will automatically reach this step from Step 2. This time, indicate the amount of stETH/stToken you would like to supply again, and hit ‘Supply’.

 

6. You will then see another screen that shows you the Pool Tokens (LP Tokens) you will receive according to your pool share. Hit ‘Confirm Supply‘ (as in the screenshot below). You will then be led to another MetaMask pop-up to confirm the transaction.

At this point, you will have completed the liquidity provision and an SLP (SushiSwap LP token) token which represents your share of this liquidity pool. If you would like to earn more rewards, you can consider staking your SLP – which is also known as yield farming.

 

(PART II) Staking your SLP on Onsen Farm

1. Head to Onsen Farm on the SushiSwap app.

2. Connect to your wallet if you haven’t already.

3. Under ‘Filter’, search for your stToken pairing. In this example, we’re searching for “stETH”. You will see a WETH-stETH pairing. You can also have an overview of the ROI, liquidity of the pool, amount you have staked and your total SUSHI earnings. On the right, you can quickly add liquidity or “Approve Staking” (which is staking your SLP). Once you already have your SLP by providing liquidity in part 1, you can proceed to stake your SLP here under ‘Approve Staking’. That’s all you really need to do.

Checking Positions and Balances

To know what your current positions and balances are, head to your SushiSwap portfolio. You have to connect your wallet to see the balances and positions. You can also access this page by heading to app.sushi.com, connect your wallet (just below Sushi’s logo on the left), and click on ‘Portfolio‘. On this page, you are able to look at the transactions you have made through Sushi and the connected wallet. At the same time, view the SUSHI rewards you would have accumulated (via yield farming, not included in this article), your liquidity pool positions, as well as the specific farms you have “staked” your SLP tokens on.

 

Removing Liquidity

If for some reason you would like to remove liquidity from a pool, you can also do so via app.sushi.com. Connect your MetaMask wallet, go to “Pairs” and search for the pair you provided liquidity to. It will look similar to the screenshot below. Now, instead of “+ Liquidity”, select “– Liquidity” in the box on the right. You can then select the percentage of liquidity you would like to withdraw.

 

Just an additional note: Every transaction and confirmation will require ETH gas fees. Plan your movements in advance and watch the market to make the best of your stTokens.

Have Questions? Join our stETH community on Discord!

Get stETH to Earn ETH2.0 Staking Rewards Without Lock-up

We’ve launched stETH on SushiSwap that lets users earn staking rewards while having the freedom of trading, yield farming, and collateralizing in the DeFi ecosystem. stETH is currently on SushiSwap, and has since made the top 13 ranking for Top Pairs and Top Tokens just below Uni. If you want access to flexibility and staking rewards at the same time, here’s a step-by-step guide.

In this guide, you will see how you can connect your MetaMask wallet, which you have created, to swap for stETH on SushiSwap.

1. Go to SushiSwap (https://exchange.sushi.com/#/swap?outputCurrency=0xdfe66b14d37c77f4e9b180ceb433d1b164f0281d) and click ‘Connect to a Wallet’.

2. Select MetaMask from the list of wallets available.

 

3. The MetaMask extension will pop-up, requesting for you to select the account you would like to connect to. After ‘Next’, hit ‘Connect’.

4. You are now able to swap ETH for stETH.

5. You will receive a pop-up once again on MetaMask extension to request for you to confirm the transaction with details on the gas fees. Hit ‘Confirm’. (Note: Image attached is for illustration purposes and not reflective of actual transaction.)

6. If the stETH balance is not reflecting, follow the bottom half of this guide to learn how to add and view stETH in your MetaMask wallet.

Have questions? Join the stETH Discord community and let us assist.

How to try stDivi on SushiSwap [testnet]

The stDivi testnet is an emulation for users to familiarise themselves with the process of acquiring stDivi and providing liquidity to the pool without using real cryptocurrencies. Please note that while the steps will be the same when stDivi is live on the mainnet, the Contract Address and Link to SushiSwap Pair will be different from this guide. 

For this guide, you would have already created a Metamask wallet and added that in the browser. You do not need to store any ETH for the testnet to work. You may follow the steps below for clarity.

 

  1. Head to StakeHound.com and click on ‘Try stDivi™ Today’.

 

 

2. Switch your Metamask network from ‘Ethereum Mainnet’ to ‘Ropsten Test Network’ through the browser extension.

 

3. Request for any amount of ETH from faucets [https://faucet.dimensions.network/, https://faucet.metamask.io/https://faucet.dimensions.network/]. Input your wallet address. You can find your wallet address in the Metamask extension. Click on it and click on the Account name to copy your wallet address to clipboard. Paste it in the field and click on ‘Send Ropsten ETH’.

 

4. Once you are done, it will reflect a transaction hash. Click on it to be taken to Etherscan which will reflect the status of the rETH transaction. Please note that you might have to wait up to 2 minutes for the transaction to be successful. Check your wallet in the Metamask extension. You should see the number of ETH now available in your wallet.

 

5. Head to SushiSwap for the stDivi testnet again: https://exchange.sushi.com/#/swap?inputCurrency=ETH&outputCurrency=0xD382dAFeE67e52e5BE581120730F63d97bF313BF. Connect your MetaMask wallet to SushiSwap (top right in the navigation bar). Afterwards, check ‘I understand’ in the warning message and click ‘Import’. If stDivi is not showing up, double check your MetaMask account through the browser extension if your network is on ‘Ropsten Test Network’ instead of the mainnet.  

 

6. Now, you can use the ETH you have received from the faucet to swap for stDivi. The minimum stDivi needed to earn staking rewards is 1 stDivi. If there is no warning message, you just need to click on ‘Confirm Swap’ to proceed.

 

7. Once you have keyed in the ETH you would like to swap stDivi with, hit ‘Confirm Swap’ on the SushiSwap interface. You will now see a popup from the Metamask extension, requesting you to confirm the transaction before proceeding. Click ‘confirm’.

 

8. Transaction is pending. You should now add stDivi (testnet) tokens to your Metamask wallet. You may click on ‘Add stDivi to Metamask’ or select ‘Add Token’ directly from the Metamask extension (on the right). If you have selected ‘Add Token’, you will now copy and paste the token contract address [0xD382dAFeE67e52e5BE581120730F63d97bF313BF] in the first field. The next two fields will populate automatically. Hit ‘Next’.

 

10. You will now see that the Metamask wallet holds the number of stDivi you have swapped for. 

 

With the stDivi in your Metamask wallet, you may proceed to request for more ETH from the faucet and swap for more stDivi just to familiarise yourself with the process. Once stDivi is listed on SushiSwap (on the mainnet), the steps will be similar except for the token address and link to SushiSwap pair/liquidity pool. 

Please note that the 1. Contract address and 2. Link to liquidity pool/pair will be different from the one in Testnet.

 

Have questions? Join the stDivi Discord community and let us assist.

Divi and StakeHound Partner to Enable Liquid Staking for Divi Holders

We’re excited to announce our partnership with Divi!

Established in 2017, the Divi team has been focused on solving the issues of usability and accessibility to cryptocurrencies that prevent mainstream adoption. Hence their philosophy to create software solutions that make cryptocurrency easier to use and access for users of all levels of technical expertise. Starting with the feature that attracts most people to the space – earning rewards, the team developed the first and only genuinely one-click masternode software that enables users of any skill level to begin earning rewards in an instance. With the ability to be launched on any device from a home computer to mobile phone, registered users can earn with Divi.

Divi’s mission is to improve people’s lives by making crypto easy and accelerating its mainstream adoption. The team constantly innovates what the standard crypto doorway looks and feels like. The removal of barriers to entry equips people with just enough knowledge and understanding to engage in the Crypto economy and achieve financial freedom and inclusion. Through this partnership, we will be assisting Divi in creating a bridge into DeFi for their community, and for others to join the Divi community as easily without moving out of Ethereum’s ecosystem.

DeFi and Staking

For those unfamiliar, Decentralized Finance (DeFi) is a movement that focuses on creating financial primitives for crypto users that do not require financial intermediaries. DeFi allows users to do things such as lending or borrowing crypto assets, providing liquidity on automated market makers (a type of Decentralized Exchange), or creating different types of synthetic assets. There are currently over $40Bn locked in the different DeFi protocols. One of DeFi’s cornerstones is composability: allowing applications to build on top of each other, what some refer to as ‘money legos’. The key interfaces between these applications are tokens, specifically ERC20 tokens, which means that only tokenized assets can be used in these applications. So far, Staking and DeFi have been mutually exclusive, like in the case of Divi – any value locked up in staking cannot be used in DeFi, and vice versa. Our partnership with Divi would be to connect these two ecosystems, combine their liquidity, and provide benefits to both and optionality to Divi users.

Liquid Staking for Divi

Currently, Divi holders can earn node staking rewards through their platform in a tiered order, scaling from Copper at 100,000 Divi (~US$1,192) with an 18.74% estimated returns. Our partnership will provide more access to individuals, which also stays true to Divi’s mission in this space, by allowing no lock-up and staking from just 1 stDivi. For this to happen, StakeHound will build a DeFi bridge with Divi to allow liquid staking for everyone.  Liquid Staking addresses the problem of staking illiquidity by issuing tokenized representations of a user’s share in a staking pool, which can be freely transferred, traded, and used in DeFi applications, lowering the barrier of entry for staking and unleashing the locked-up liquidity.

The StakeHound partnership will ensure that the Divi Project is visible across as many verticals as possible and is a milestone in its ongoing “Divi Everywhere” strategy. Users can already start trying how stDivi works with the stDivi testnet guide available.

Nick Saponaro, co-founder and CIO at Divi commented: “The StakeHound bridge is a natural and important step in the growth of our Divi ecosystem, made with a best-in-class partner. It will introduce our community to a wealth of new functionality and opportunities, as DeFi helps unlock the authentic promise of crypto – removing centralized middlemen and service providers to enable individual custodianship, financial sovereignty, and freedom.”

StakeHound has already worked with major protocols such as NEM Group, DASH, Firo (formerly Zcoin), and more to come in the next few months. The community of liquid staking is still relatively small but growing. We value Divi’s approach towards education which is important to us as we are an amalgamation of both Staking and DeFi spaces that requires more knowledge sharing.

Albert Castellana, co-founder, and CEO of StakeHound said: “We’re extremely excited to kickstart this project with Divi and energized by the interest the Divi community has already shown in how the StakeHound bridge works. We want to make the liquid staking experience as easy for the community as Divi has made it for its members to access the world of crypto.”

Up Next

We will be joining Divi’s Live at 5 stream on 26th March, Friday, 5pm PST. Albert Castellana, Co-founder and CEO of StakeHound, will be sharing what this partnership would mean for both StakeHound and Divi communities. Save the date and tune in here!

If you don’t want to miss a single update on stDivi, join our stDivi conversation on Discord.

About Stakehound

A liquid staking enabler – StakeHound brings the benefits of both DeFi and Staking together. With four major protocols already live: stETHstXEMstFIROstDASH. StakeHound is focused on building bridges between staking protocols and Ethereum’s DeFi.

StakeHound is a Swiss company that follows strict compliance procedures and has partnered with military-grade security custody solutions such as Fireblocks and Copper to secure the assets.

In the upcoming months, StakeHound will be issuing other staked tokens such as stZEN, stXRD, and stDOT among others. To find out more, visit https://stakehound.com or follow StakeHound on Twitter.

About Divi

Divi is on a mission to improve people’s lives by making crypto easy and accelerating its mainstream adoption.

By removing barriers to entry, innovating new frictionless technologies, and delivering use cases for the developed and developing world, Divi is helping people across the globe to engage in the Crypto economy and achieve financial freedom and inclusion.

Everything Divi does is in service of its vision; the delivery of a new paradigm for financial services. One that is truly decentralized, accessible to all, and works for everyone.

For more information visit: https://diviproject.org/