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!

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.

How to view stXYM in MetaMask

With the Symbol launch, we have automatically distributed stXYM to stXEM holders, according to the same time NEM did their snapshot of NEM Block 3,105,500. We’ve also announced the completion of the snapshot at Block 12,025,294.

How to view stXYM in MetaMask wallet:

1. To first view stXYM, access your MetaMask wallet which holds your stXEM at Snapshot. This will be your browser extension. Click on MetaMask (located top right for Chrome users).

2. You would be asked to log in if you haven’t already.

 

3. Click on ‘Add Token‘.

4. Select ‘Custom Token’ and paste 0x8F5E78888f8933Ed676a62bB6B58a4b279aBE408  in the first Token Contract Address field. The remaining two fields will be populated automatically.

5. Click ‘Next’, and confirm it by clicking on ‘Add Tokens’. You should be able to view stXYM in your wallet balance from now.

Now, you’re all set. That’s all that you needed to do. If you don’t currently have stXYM, you may get them directly through a listed AMM.

Have more questions? Join the stXEM/stXYM Discord community.

How to swap ZEN for stZEN

Note: This is different from the testnet guide. This is a step-by-step guide to swapping for stZEN on the mainnet with ZEN.

In this guide, you will see how you can swap your ZEN for stZEN. It is recommended to go through the KYC process 3-5 days before the actual transaction as it takes time for approval. If you would like to swap ETH for stZEN, read this other guide.

At this point of writing, the only way to get stZEN is through StakeHound with Altcoinomy. If you’re not a fan of waiting, you can still acquire stZEN through SushiSwap with ETH. We are constantly working on building more bridges so if you would like to be updated with the project developments, join the Discord community.

 

Before you begin, please prepare:
1. Identity document (Identity card or Passport)

2. Proof of Residence (Only required

At this point of writing, unfortunately, this method will not be applicable to US non-accredited investors.

Afterwards, you may proceed:

1. Head to our website (StakeHound.com), scroll down and you will see a row with Horizen’s logo. To the right, click on ‘Exchange at 1:1 ratio’ just below the ‘Buy on SushiSwap’ button.

2. Begin the KYC Process.

4. Check your email for the validation code. Key in your validation code and proceed. You will now see a list of stakedTokens. Choose stZEN as an individual/company. Hit ‘Participate’.

5. You will need to spend roughly 5-10 minutes on this page to fill in your details. It is a chronological process – you won’t be able to skip to the next step until the prior section is filled up. Once you reach the end of it, be sure to download the generated document and read it.

You will then be asked to fill in the ‘Token Delivery Address’. This is the address to which you will receive your stZEN after the KYC has been approved and ZEN has been received. Afterwards, you may check the T&C box, and hit ‘Finalise My KYC’.

After finalizing your KYC, the Altcoinomy team will schedule a video call for KYC/AML processes to verify your identity. Once this process has been completed, you will be updated on your KYC status, and requested to send ZEN. Once your ZEN transaction has been verified on their end, stZEN will then be released to your Token Delivery Address.

Have Questions on Support? Join the StakeHound x Altcoinomy Telegram group.

Have Questions on stZEN? Join the stZEN Discord Community.

How to swap ETH for stZEN on SushiSwap with MetaMask wallet

Note: This is different from the testnet guide. This is a step-by-step guide to swapping for stZEN on the mainnet.

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

1. Go to SushiSwap (https://exchange.sushi.com/#/swap?outputCurrency=0x31B595e7cfDB624D10A3E7A562eD98c3567e3865) 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 stZEN.

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 the actual transaction.)

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

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

How to swap DASH for stDASH

Note: This is different from the testnet guide. This is a step-by-step guide to swapping for stDASH on the mainnet with DASH.

In this guide, you will see how you can swap your DASH for stDASH. It is recommended to go through the KYC process 3-5 days before the actual transaction as it takes time for approval. If you would like to swap ETH for stDASH, read this other guide.

At this point of writing, the only way to get stDASH is through StakeHound with Altcoinomy. If you’re not a fan of waiting, you can still acquire stDASH through SushiSwap with ETH. We are constantly working on building more bridges so if you would like to be updated with the project developments, join the Discord community.

 

Before you begin, please prepare:
1. Identity document (Identity card or Passport)

2. Proof of Residence (Only required

At this point of writing, unfortunately, this method will not be applicable to US non-accredited investors.

Afterwards, you may proceed:

1. Head to our website (StakeHound.com), scroll down and you will see a row with DASH’s logo. To the right, click on ‘Exchange at 1:1 ratio’ just below the ‘Buy on SushiSwap’ button.

2. Begin the KYC Process.

4. Check your email for the validation code. Key in your validation code and proceed. You will now see a list of stakedTokens. Choose stDASH as an individual/company. Hit ‘Participate’.

5. You will need to spend roughly 5-10 minutes on this page to fill in your details. It is a chronological process – you won’t be able to skip to the next step until the prior section is filled up. Once you reach the end of it, be sure to download the generated document and read it.

You will then be asked to fill in the ‘Token Delivery Address’. This is the address to which you will receive your stDASH after the KYC has been approved and DASH has been received. Afterwards, you may check the T&C box, and hit ‘Finalise My KYC’.

After finalizing your KYC, the Altcoinomy team will schedule a video call for KYC/AML processes to verify your identity. Once this process has been completed, you will be updated on your KYC status, and requested to send DASH. Once your DASH transaction has been verified on their end, the stDASH will then be released to your Token Delivery Address.

Have Questions on Support? Join the StakeHound x Altcoinomy Telegram group.

Have Questions on stDASH? Join the stDASH Discord Community.