Participate on liquid staking and join the stETH Hunt with StakeHound

Participate on liquid staking and join the stETH Hunt with StakeHound

Kickstarting the brand new liquid staking on StakeHound, we invite you to join The Hunt for extra rewards on the upcoming ETH 2.0 launch. To participate, you simply need to wrap your ETH to stETH. Gain instant liquidity, full-speed access to staking rewards, and bonus HOUND tokens all in one shot! 

As you may know, StakeHound has found a way for everyone to eat their cake and have it too. If you don’t know yet how you can catch up here.

We have managed to get you staking rewards and keep your liquidity intact, so you can participate in those juicy DeFi services that are growing at lightning speed.

Welcome to the world of liquid staking by StakeHound.

But we have more for you!

HOUND Token

This exciting journey couldn’t be possible without the full support of our community. That is why we are creating HOUND, a token for staked Tokens to reward our liquidity providers.

The Hunt is a way of giving back to those who support us via a yield farming program that distributes HOUND tokens to early participants and liquidity providers. More farm yields will happen in the future, and we will keep you up to date with that.

Meanwhile, expect more news as we get closer to HOUND going live in Q1 2021!

The Hunt

The Hunt is a short window of time when you can acquire stETH before they are released to get a higher HOUND token allocation. This is the way StakeHound rewards your commitment.

This is how you can maximize your HOUND rewards:

1. Hound Fan (1 x Bonus)

To become a Hound Fan, you can acquire any stakedToken incl stETH beforeQ1 2021, directly on StakeHound. The rewards will be proportional to the percentage of total stakedTokens purchased. More details of these allocations will be released soon.

2. Hound Master (+0.2 Bonus per Hunt)

Purchase as many stakedTokens as you want during The Hunt to increase your HOUND Token multiplier by 0.2. You can participate in multiple Hunts to increase the multiplier.

3. Hound Hero (+0.5 Bonus)

To increase your multiplier by an extra 0.5x participate in every StakeHound Hunt before the launch of the HOUND token.

Remember, the earlier you join, the more rewards you get.

How to participate?

To start the process, you just have to fill this form, and we will email you the onboarding process. 

To participate, you have to purchase stakedETH on the StakeHound platform. You will receive your stakedETH right after launch. (if you already filled the form once, you don’t need to do it again).

You get qualified Hound from the StakeHound Hunt the moment your onboarding process is complete, and you have sent the funds. 

To be eligible for these rewards, you must not trade back your stakedETH for ETH on the platform before distribution of HOUND.

Conclusion

The launch of  ETH 2.0 in the coming days, ETH switches from PoW to PoS opens the opportunity to get Staking rewards, but it requires locking up your tokens for 2 years, a minimum stake of 32 ETH, and the setup and maintenance of Nodes.

Stakehound’s answer to all downsides is liquid staking. This new concept allows you to get your staking rewards without locking up your liquidity. You can then participate in the exciting DeFi services; you send us your ETH and receive stETH in return on a 1:1 ratio. 

Launching stakedETH will be a huge milestone in our journey. We are super excited to give you access to the DeFi superpowers of the ETH community.

Our goal is to give and share our journey to the HOUND token launch and incentivize you to join the StakeHound Hunt.

 

Follow StakeHound on social media to get updated on the ecosystem development;

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Image credit: Envato Elements

 

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