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. Both ETH and/or stETH in your wallet depending on which token you are providing liquidity to. Both should be in equal value.


(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 number of transaction fees required. Hit ‘Confirm‘.

5. Once you have approved supply, you would now need to supply. Indicate the amount of stETH/stToken you would like to supply again, and hit ‘Supply’. Please note that each action of supplying and staking usually requires 2 transactions (2 x ETH gas fees), so do plan beforehand.


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. Please note that you’ll be required to go through two transactions – (1) Approve Staking, (2) Staking, which means that it will incur ETH gas fees for both.

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, 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 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 ( 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 Profit from ETH 2.0 Staking Rewards?

The launch of Ethereum 2.0 has created a new hype around staking in the Blockchain ecosystem. Users were invited to become validators and were offered the opportunity to lock-in their ETH in return for passive staking rewards from 4.9% up to 21.6%. However, not all users can stake on the ETH 2.0 launchpad as it requires a minimum threshold amount of 32 ETH (currently valued over US $19,500+). Not only that, but the launchpad will also lock users’ ETH for a minimum of 18 months, rendering their ETH liquid for other opportunities such as DeFi or yield farming. 

Suppose a user does not meet the minimum requirements of staking with the ETH 2.0 launchpad but still wishes to participate in staking to earn passive rewards. In that case, they can consider staking with alternative platforms such as StakeHound. StakeHound offers all ETH holders the opportunity to earn passive staking rewards by removing the ETH 2.0 launchpad’s entry barriers, such as the minimum 32 ETH threshold or the 18-month lock-up duration. Eliminating such barriers may lead to a mass-adoption of staking.

ETH Moving to Proof-of-Stake

The launch of ETH 2.0 marks the beginning of the new Ethereum network that utilizes the Proof-of-Stake (PoS) consensus mechanism, shifting away from the existing Proof-of-Work (PoW). 

The use of this new consensus algorithm is touted to be several times more efficient, scalable, and secure than the current Ethereum infrastructure. Not only that, but PoS promises stake rewards to users who will stake with ETH 2.0. So what staking rewards will users receive if they stake with ETH 2.0?

ETH 2.0 Rewards

When users choose to stake with ETH 2.0, they can earn rewards up to 22.5% APY on their ETH. This is a high annual rate, especially for a passive staking income. But as more users stake with ETH 2.0, the lower the estimated annual percentage return (APY) becomes. To enjoy these staking rewards, users are required to lock-in a minimum amount of 32 ETH for what is expected to be 18-24 months, thus making users’ ETH illiquid and participation in other opportunities, such as DeFi or yield farming impossible. 

Users are also expected to run a validator node when they stake with ETH 2.0. If users are unable to perform their duties as a validator, they are faced with the prospect of their rewards being slashed. Fortunately, there’s an alternative solution for stakers to reap still the staking rewards while having liquidity for their assets. 

StakeHound Rewards

StakeHound is an alternative staking platform that allows users to stake with ETH 2.0 and, at the same time, maintain access to liquidity. StakeHound issues users wrapped token or stETH upon ETH deposit backed 1:1 with the underlying staking ETH. With liquid staking, users can stake their ETH and receive stETH in return. As users have full control over their stETH, users don’t have to worry about lock-ups. 

The staking rewards received will be distributed directly into users’ accounts. stETH complies with the universal ERC-20 standard, allowing for easy integration into DeFi protocols, wallets, and exchanges. 

Apart from stETH, Stakehound also issues the HOUND token, the platform’s governance token, and the fuel that ignites the liquid staking ecosystem. HOUND is set to go live in Q1 2021. The platform also incentivizes everyone to become a liquidity provider by creating a sustainable, community-driven ecosystem.

StakeHound Bonus Program

Early adopters and liquidity providers will get HOUND tokens from various yield farming and early adopter programs. We call it the hunt. This program allows early adopters to participate in StakeHound’s staking program and enables users to maximize their rewards. Every time StakeHound is launching a new coin, users can participate in a new hunt and multiply their HOUND rewards up to a 1.7 multiplier.

  1. Hound Fan (1 x Bonus): Users will need to acquire stETH before Q1 of 2021 directly on StakeHound to become a Hound fan. The rewards will be proportional to the percentage of their total stETh purchase. More details about this will be available soon. 
  2. Hound Master (+0.2 Bonus per Hunt): Users can purchase as many stETH as users want during the Hunt to increase their HOUND token multiplier by 0.2. Users are also allowed to participate in multiple Hunts to increase their multiplier.
  3. Hound Hero (+0.5 Bonus): If a user wants to increase their multiplier by an extra 0.5x, participate in every StakeHound Hunt available before the launch of the HOUND token. 


The Ethereum network offers many passive income opportunities to its users, including yield farming and staking. Unfortunately, most users are left to choose between the two options due to the lock-in period with staking. Fortunately, alternative platforms such as Stakehound offer an innovative way to reap staking rewards while participating in the DeFi ecosystem. 


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What is stETH?

Due to the introduction of Ethereum 2.0, the concept of proof-of-stake (PoS) is taking the world by storm. While this concept promises many benefits, it also comes with some drawbacks. 

Fortunately, alternative platforms offer liquid stakings, such as StakeHound, that allow you to stake and wrap your tokens into stETH without a minimum required amount and lock-up period.

But what exactly is stETH, and how can you benefit from it? Essentially, stETH is a wrapped token offered by StakeHound that allows users to wrap their assets as a 1:1 peg with the underlying asset. This permits users to participate in DeFi while still receiving staking rewards.  

What is stETH?

The launch of ETH 2.0 allows users to stake their tokens and receive passive income, which is attractive for those who have at least 32 ETH lying around and don’t mind sacrificing the liquidity of their assets for two years due to a lock-up. However, most everyday users want full control over their assets and prefer to stay as liquid as possible. This is where StakeHound comes in. To enjoy liquid staking, users can wrap their ETH into stETH with StakeHound. 

stETH is a wrapped token with a 1:1 representation of the user’s underlying ETH. After a user onboards their ETH, StakeHound stakes those ETH for the users and redistributes the rewards to stETH. That way, the stETH allows you to receive ETH 2.0 staking rewards without the minimum staking requirement and no lock-up period as stETH can be sold at any time, for example, on Uniswap. 

StakeHound and Wrapping 

Decentralized finance (DeFi) provides financial services and products by utilizing smart contracts on the blockchain without relying on any central entity. Until now, DeFi applications are mostly built on the Ethereum network. To participate in this network, users must own ERC-20 tokens. If you don’t own them, wrapping non-ERC-20 tokens can help you create a compatible token specific to comply with the network’s architecture. StakeHound can help you with this. 

StakeHounds’s goal is to bridge the worlds of staking and DeFi together. To achieve this goal, Stakehound wraps users’ non-ERC-20 tokens, storing them with our custody partners and Fireblocks and then issuing stETH back to the users. 

Staking rewards earned are distributed to users’ accounts, allowing them to earn passive income still and increase their balance. Issued stETH follows the ERC20 standard, which means that users can freely transfer, trade, and use them in DeFi platforms, unlocking liquidity previously locked up in staking. 

Through stETH, users can now have the freedom to use their staked tokens, participate in DeFi, collateralize their assets, or exchange it with other tokens. All of those advantages allow users to earn staking rewards without experiencing the lock-up period. Users can now withdraw their staked tokens whenever they want. 


The launching of ETH 2.0 and its switch from proof-of-work (PoW) to PoS opens up many opportunities to participants. Using StakeHound, users do not require a minimum stake of 32 ETH that will be locked up for two years and the setup and maintenance of validator nodes. Instead, StakeHound allows users to get the same rewards while promoting liquidity. The platform also allows users to participate in DeFi by issuing stETH; a token backed 1:1 by ETH. 


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How to maximize your passive income with liquid staking

For those seeking passive income, the yields provided by a traditional bank do not deliver much in the way of returns. This is why an increasing number of users has been shifting to alternatives in the crypto space that allow passive income. Liquid staking is one of these new options that provide yields for users while not locking up their assets. As things are moving fast in the crypto space, it is hard for users to keep up with new products or platforms. This article will help learn about different options that allow earning passive income and guide users on comparing various services.

The emergence of digital assets

When Bitcoin was first introduced, it popularized the concept of being in control of your funds. Bitcoin paved the way for digital assets to be recognized, which allowed newer protocols to spring. These protocols diversified crypto use cases and created new ecosystems, such as the decentralized finance (DeFi) space, built on top of the Ethereum (ETH) network. 

Decentralized Finance (DeFi)

Decentralized finance is the fastest-growing sector in the blockchain space, consisting of various financial products and services built on the blockchain. DeFi uses a combination of tokens, protocols, and smart contracts to provide access to these financial services without the need for a centralized authority. 

DeFi offers a decentralized counterpart to traditional financial services and new ones, including custodial services, collateralized loans, and lending or borrowing. The decentralized nature of these services allows them to be transparent and censorship-resistant. Because it is built on the blockchain, the counterparty risks are significantly reduced. 

Yield farming and passive income in the crypto ecosystem

Users can profit from these new DeFi services as it enables them to participate in yield farming or earn passive income in the crypto ecosystem, such as lending crypto assets. Another method used in the blockchain space to leverage on coins and earn passive income is staking. Staking is one way to gain popularity, especially for users looking to maintain the blockchain networks they use. It is the process of actively participating in transaction validation on a Proof-of-Stake (PoS) blockchain.

DeFi and staking are two of the most exponentially growing verticals within the crypto industry. Both allow users to gain passive rewards on crypto holdings. Can these two mutually exclusive verticals be bridged together?

Different liquid staking platforms

Several staking platforms allow users to enjoy the benefits of staking while also exploring the DeFi vertical. Platforms such as Rocket Pool, StaFi, and Stake DAO provide users with StakedTokens, allowing them to participate in the DeFi sector freely. Providing StakedTokens is a common denominator for all of these platforms, but what other services do they offer? 

Apart from allowing users to stake their non ERC-20 tokens and receive StakedTokens, Rocket Pool and StaFi offer no minimum amounts for staking. This provides opportunities for users to enjoy staking even if they only have small amounts of coins. These two platforms do not require any user-run nodes. Rocket Pool took it up a notch and offered its users no minimum lock-up period for staking. Stake DAO doesn’t provide these services, but it allows users to earn compounding staking interest, and StaFi insures all of its tokens. 

But what if you can enjoy all of these services in just one staking platform? 

StakeHound unlimited staking platform

Other platforms offer limited services when it comes to staking; StakeHound offers a lot more. Like others, this staking platform also provides StakedTokens that allow users to earn staking rewards while participating in the DeFi sector. Anyone can stake with StakeHound because there is no minimum entry and no lock-up period for staking. There is no need for user-run nodes, and most of all, users can earn compounding staking interest while their tokens are insured. 

Stay tuned for further info on ETH staking on StakeHound in the next few days. Users will be able to purchase stETH with their ETH. This stETH can then be used to participate in DeFi activities. This indeed raises the bar for staking platforms. More coins will also follow soon after.


Here’s a table comparing StakeHound vs. other offerings:




Rocket Pool


Stake DAO

Staked Tokens provided upon Staking

No Minimum amounts for staking


No user-run nodes


No Minimum lock-up period for staking


Compounding Staking interest

X n/a

Insured tokens

no n/a


Without platforms like StakeHound, users who want to participate in both staking and DeFi verticals would need a substantial amount of coins. Thankfully, staking platforms allow users to experience both sectors without needing a huge capital investment. But not all platforms offer the same services. With StakeHound, users can now take advantage of the best of both worlds while enjoying its variety of offerings. 


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Wrap, earn & stay safe – let your assets securely work for you

Wrapped assets are becoming increasingly popular in the Blockchain ecosystem because they are able to generate many new yield opportunities and use cases for crypto holders. But there are different ways of wrapping assets, some of them assuring more legal and technical security than others. StakeHound is a new service that provides users the best of both worlds: a secure way of wrapping and liquid staking on coins such as Ethereum.

Wrapping is a new original

Simply put, a wrapped token is an asset usually hosted on another Blockchain with a value identical to its underlying asset. Most commonly, these assets can be found on the Ethereum blockchain as an ERC-20 token.

As users are shifting away from centralized exchanges (CEX) to decentralized exchanges (DEX) built on Ethereum, ERC-20 tokens are key to enable listings and trading on a DEX. The way to bridge the gap for non-ERC-20 tokens is through wrapped tokens. 

From a user perspective, this opens not only the door to decentralized exchanges such as Uniswap but also enables many use cases around decentralized finance (DeFi) such as lending, borrowing, or providing liquidity for all kinds of trading pairs. By wrapping their tokens, users can now gain exposure to various services available on the Ethereum blockchain. 

Centralized vs. Decentralized wrapping

An important question to ask here is whether these wrapped tokens are safe. But what are actually the options here? 

There are two main ways of wrapping tokens: wrapping through a centralized institution or through a decentralized method. WBTC or Wrapped Bitcoin is an example of a centralized approach. By wrapping the original Bitcoin through a centralized institution such as Bitgo, users put their tokens with a licensed custodian.

On the other hand, a decentralized method uses smart contracts to verify that the original assets of their wrapped versions exist. Ren Protocol is an example of that. The critical difference between the two is that having a centralized institution as a custodian provides more security and legal protection to users.

Safety First

As we see more and more institutional and retail money flowing into DeFi and specifically into these wrapped assets, we at StakeHound believe that user protection and legal compliance on a global scale is key to building the next generation of financial products.

With StakeHound, users can create wrapped assets that are instantly transferable and can be immediately used in DeFi products and services. Users can soon purchase wrapped assets with their favorite tokens such as ETH, Dash, XZC (Firo), RADIX, or XEM and XYM. The user assets are then put into custody by our institutional-grade custodian partner. StakeHound itself is a Swiss-registered company. 

Wrap and earn yields on your original assets

Once the tokens have been received, StakeHound instantly generates and sends the user a one-to-one ERC-20 representation of their original tokens. The amazing thing for users is the yield options that this allows. 

How is this possible? As StakeHound focuses on wrapping crypto assets with staking options, we can generate yield on the original assets. So, StakeHound stakes the tokens it receives, stakes, and distributes the staking rewards directly to users. This way, the user does not have to do anything. Once every day, the user will simply see an increased token balance in their wallet. 

For the user, this enables a whole new way of earning staking rewards, most notably, because they earn those rewards without locking up their tokens. The staked version generates passive income and can be used at any time, either to trade or to participate in all popular DeFi applications.

For users who are worried about not participating in decentralized finance because of not owning ERC-20 tokens, this innovative technology of wrapping tokens is the answer. With StakeHound, users can now enjoy the benefits of staking without the need to experience the limitations that come with it. But that’s not all. And on top of that, users will also receive HOUND, our native governance token.

Ethereum 2.0 – the perfect use case

With the launch of Ethereum 2.0 in the near future, many users are facing exactly the problem we just described: They can potentially earn yield by staking their ETH, but they have to accept a long lockup period. As their ETH is locked up, it is essentially an illiquid asset in their portfolio. So, for the user, it comes down to choose between yields or liquidity. 

Stakehound solves that problem by giving the user the wrapped version of Ethereum named stETH. This way, the user is receiving a wrapped version of ETH – stETH that is not only liquid; but also secure as it is held by a trustable and regulated custody provider.


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stETH: Staking ETH 2.0 with StakeHound without lockup and full usability

StakeHound is thrilled to bring to the market stETH – a liquid wrapped version of ETH 2.0 released on December 1st, 2020 giving immediate liquidity and unlocking the staking rewards for the users.

The highly anticipated ETH (Ethereum) 2.0 release is a set of upgrades that improve the scalability, security, and sustainability of the Ethereum blockchain and is set to go live this December. While it promises of holding out steady staking returns, this network upgrade also creates illiquidity through lockups and the risk of running infrastructure and hosting a validator node. This has made users face a crucial decision: should users stake with ETH 2.0 or not?

ETH 2.0 Staking deal

The Ethereum network has a market cap of US$40.6 billion and is the biggest network to transition from proof-of-work (PoW) to proof-of-stake (PoS). If users choose to join this transition to Ethereum 2.0 Beacon chain launch, would it be best to run your own nodes and complete complicated, tedious work to become a 24/7 service provider?

But before answering this question, the choice that needs to be made is whether or not to stake on Ethereum 2.0. While staking on ETH 2.0 offers rewards, including high yields of up to 10% APR, users are required to stake a minimum of 32 ETH, which is currently equivalent to about US$16,000. Not only that but staked ETH must also be locked for about 18 months, making it illiquid for a long period of time. This makes users’ staked ETH unable to be used for anything else, especially the booming DeFi scene.

On top of this lock-in period and high minimum staking requirements, users will not receive compounding interest on their staked returns. Users’ earnings can also be slashed if they are unable to perform their duties as validators properly, which requires the right hardware for hosting validator nodes. While it seems like staking on ETH 2.0 has many limitations, staking ETH using a third-party provider might be the best option for new or non-technical users, new to the blockchain and staking space.

Liquid Staking of stETH by StakeHound 

StakeHound is an alternative liquid staking platform that allows potential users to enjoy the benefits of staking without experiencing limitations faced when staking on ETH 2.0. Unlike staking on ETH 2.0 and having to maintain your own nodes, StakeHound enables users to stake without lock-ups. There is also no minimum staking requirement, which means anyone can now stake ETH.

Liquid staking is a new innovative approach brought by StakeHound to Etherium users in the easiest and accessible way. stETH can be acquired on the StakeHound Platform by sending ETH 2.0 at the constant 1-on-1 rate. Staked ETH can be then immediately used in the DeFi applications while the staking rewards will be automatically distributed to all the stETH holders and can be fully accessible right away. In other words, StakeHound solves all the limitations with staking on ETH 2.0, whilst offering several benefits such as immediate liquidity and unrestricted access to the staking rewards.


In the following table we would like to summarize the benefits of using stETH instead of staking ETH 2.0:


Criteria Stake ETH 2.0 Use stETH 

Minimum lock-up period

18 months none

Minimum amount required to stake

32 ETH (US $16,000)


Access to the staking rewards

Rewards are locked for 18 months

Rewards are fully accessible

Access to DeFi

No, due to lock up of funds

Yes, fully liquid assets


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