Where can I see StakeHound’s assets?
The list of ETH2 nodes run by StakeHound can be seen here
Is the code audited?
Why won’t I see additional transactions of stETH 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, stETH’s total supply updates automatically according to the number of ETH staked through StakeHound. When ETH staking rewards are received, leading to an increase of ETH staked, the total stETH supply is also increased accordingly.
If Adam was holding onto 10 stETH and the total ETH staked saw a 5% increase (due to rewards), Adam will now see 10.5 stETH 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 there is no way to unstake your ETH holdings until the docking on Beacon Chain has been merged, holding stETH now would mean you’ll now have the flexibility to earn rewards, trade, hold, or do more such as yield farming, lending and borrowing, in the DeFi space.
Unfamiliar with SushiSwap? Try stETH™ on the Testnet today:
Testnet is an emulation of how the swap and trades work. The testnet cryptocurrencies cannot be transferred to or swapped for the ones on the mainnet.
- Step by Step Guide: stETH Testnet
- Join stETH Discord Community: Discuss/Ask Questions
- What is stETH?