Where can I see StakeHound’s assets?
Our dot is stored in the following address – 164u9fvdGtDrN6dZm5ZA8wCaKY7i8JFziQ4Zt7oXNPx5A5q3
Is the code audited?
Why won’t I see additional transactions of stDOT staking rewards?
stToken holders will not see transactions of reward distribution as it is done through a rebase mechanism. Rebase refers to having an elastic token supply that adjusts according to specific metrics. In this case, stDOT’s total supply updates automatically according to the number of DOT staked through StakeHound. When DOT staking rewards are received, leading to an increase of DOT staked, the total stDOT supply is also increased accordingly.
If Adam was holding onto 10 stDOT and the total DOT staked saw a 5% increase (due to rewards), Adam will now see 10.5 stDOT in his holdings – whether it’s in his wallet or in an AMM liquidity pool.
If I’m already staking, how is this any different?
As stDOT are ERC-20 tokens, this means that while you earn staking rewards, you have the flexibility of using stDOT to trade, hold, or do more such as yield farming, lending and borrowing, in the DeFi space.