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.

Horizen partners StakeHound to Launch DeFi Bridge

We’re excited to announce our partnership with Horizen (ticker:ZEN), a technology platform that enables businesses and developers to create their own public or private blockchains, to launch a DeFi Bridge for ZEN holders. This is done through stakedZEN (stZEN), a 1-to-1 ERC-20 representation of ZEN.

This allows users to have liquidity while still earning proportionate Horizen node staking rewards; and potentially even more through trading fees when liquidity is provided on automated market makers (AMM) such as SushiSwap. Beyond these, ZEN users will also be able to access the Ethereum ecosystem seamlessly with stZEN.

“We are glad to partner with StakeHound, a project that places great emphasis on transparency and trust within their community and works with some of the highest integrity partners in the industry,” said Rob Viglione, co-founder of Horizen. “Collaboration with StakeHound will provide our community with the highly anticipated on-ramp to the Ethereum-based DeFi ecosystem and enhance accessibility, usability, and attractiveness of ZEN for a wide variety of users,” 

stZEN is expected to be available on SushiSwap, a leading decentralized exchange, in March 2021. In preparation for the launch, we have also released a publicly accessible test version of stZEN on the Ethereum Ropsten test network. It is integrated with SushiSwap and emulates how a typical user would acquire stZEN. This is only the first in a series of more exchanges expected to support stZEN in the coming future. Furthermore, stZEN users will always have the ability to swap their stZEN tokens with ZEN at a 1-to-1 ratio through us

By issuing stZEN, we’re building a solid bridge between Ethereum’s DeFi and Horizen’s vastly distributed network and highly scalable blockchain ecosystem. Furthermore, holders won’t only earn from staking rewards, but from the transaction fees generated on the different sidechains.

To keep up with the latest updates and developments of stZEN, join the Discord community today. Otherwise, you may test stZEN right here with the step-by-step guide.

 

About Horizen

Launched in 2017, Horizen is the most secure blockchain ecosystem supported by the largest and most decentralized node infrastructure in the industry. With its unique sidechain technology Zendoo, Horizen provides all necessary components for an easy and speedy deployment of fully customizable blockchains focused on scalable data privacy. For more information, visit https://horizen.io

How to try stZEN on SushiSwap [testnet]

The stZEN testnet is an emulation for users to familiarise with the process of acquiring stZEN and providing liquidity to the pool without using real cryptocurrencies. Please note that while the steps will be the same when stZEN 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 stZEN™ 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/ or https://faucet.metamask.io/]. 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 stZEN testnet again: https://exchange.sushi.com/#/swap?inputCurrency=ETH&outputCurrency=0x82Fa336D432902D79720D7e3147D848b0fb94255. Connect your MetaMask wallet to SushiSwap (top right in the navigation bar). Afterwards, check ‘I understand’ in the warning message and click ‘Import’.

 

6. Now, you can use the ETH you have received from the faucet to swap for stZEN. The minimum stZEN to hold to earn staking rewards is 1 stZEN. As the liquidity pool is limited on the testnet at the point of writing this guide, there might be a warning message. You may ignore it and select ‘Swap Anyway’, twice. On the mainnet (while this would not happen), however, do take note of the price impact and other details of the transaction. 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 stZEN 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 stZEN (testnet) tokens to your Metamask wallet. You may click on ‘Add stZEN to Metamask’ or you can select ‘Add Token’ directly from the Metamask extension (on the right).

 

9. If you have selected ‘Add Token’, you will now copy and paste the token contract address [0x82Fa336D432902D79720D7e3147D848b0fb94255] 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 stZEN you have swapped for. 

 

With the stZEN in your Metamask wallet, you may proceed to request for more ETH from the faucet and swap for more stZEN just to familiarise yourself with the process. Once stZEN 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 stZEN Discord community and let us assist.