StakeHound partnership opens booming decentralized finance market to the Divi neighborhood.
San Jose, 24 March 2021 — Crypto-made-easy pioneer Divi Project has immediately introduced its partnership with liquid staking enabler StakeHound to permit Divi token holders to reap the rewards of decentralized finance. Present Divi holders and newcomers will now have a chance to take part in numerous DeFi mechanisms from liquidity mining and arbitrage to micro-lending and staking.
StakeHound will deploy a “wrapped” model of the Divi coin with the stDivi ticker on the Ethereum community. This new token will signify staked Divi at a one-to-one ratio, which takes into consideration the staking rewards earned by cash allotted for stDivi.
The stDivi token considerably expands the scope of the Divi Venture, transferring it into the booming decentralized finance market, which has greater than doubled to its complete worth locked of $43.95 billion in 2021. The Divi coin has additionally loved robust year-on-year development and lately achieved its highest worth thus far.
The StakeHound partnership will make sure that the Divi Venture is seen throughout as many verticals as potential and is a milestone in its ongoing “Divi In all places” technique.
Nick Saponaro, co-founder and chief info officer of Divi, commented:
“The StakeHound bridge is a pure and necessary step within the development of our Divi ecosystem, made with a best-in-class accomplice. It is going to introduce our neighborhood to a wealth of recent performance and alternatives as DeFi helps unlock the genuine promise of crypto, eradicating centralized middlemen and repair suppliers to allow particular person custodianship, monetary sovereignty and freedom.”
2021 is ready to be a stellar yr for the Divi Venture, with a number of new partnerships slated, its entry into DeFi, and the upcoming launch of its cell pockets. The StakeHound partnership is a crucial factor in Divi’s mission to make crypto simple and work to assist ship a brand new commonplace of economic companies that’s really decentralized and accessible for everybody.
Albert Castellana Lluís, co-founder and CEO of StakeHound, mentioned:
“We’re extraordinarily excited to kickstart this challenge with Divi and energized by the curiosity the Divi neighborhood has already proven in how the StakeHound bridge works. We need to make the liquid staking expertise as simple for the neighborhood as Divi has made it for its members to entry the world of crypto.”
As a liquid staking enabler, StakeHound provides Divi customers a bridge to entry the advantages of each DeFi and staking and eliminates the requirement for a lock-up or excessive minimal stake and the binary selection between incomes staking rewards and liquidity. StakeHound belongings are saved in institutional-grade custody options, are insured and may be audited in real-time on-ledger. Registered with FINMA, the Swiss monetary regulator, StakeHound is the one absolutely compliant liquid staking supplier and is audited by blockchain safety specialist Quantstamp.
The Divi Venture was established in 2017 to resolve the problems of usability and accessibility which have pissed off crypto’s mainstream adoption. Via Divi Labs, the corporate’s fintech innovation heart, the corporate is creating world-class decentralized options that make cryptocurrency quicker, safer and accessible to folks in any respect ranges of technical experience.
Divi is on a mission to enhance folks’s lives by making crypto simple and accelerating its mainstream adoption.
By eradicating boundaries to entry, innovating new frictionless applied sciences, and delivering use circumstances for the developed and creating world, Divi helps folks throughout the globe to interact within the crypto economic system and obtain monetary freedom and inclusion.
All the pieces Divi does is in service of its imaginative and prescient: the supply of a brand new paradigm for monetary companies — one that’s really decentralized, accessible to all, and works for everybody.
For extra info go to: diviproject.org
A liquid staking enabler, StakeHound brings the advantages of each DeFi and staking collectively. With 4 main protocols already stay — stETH, stXEM, stFIRO, stDash — StakeHound is targeted on constructing bridges between staking protocols and Ethereum’s DeFi.
StakeHound is a swiss firm that follows strict compliance procedures and has partnered with military-grade safety custody options, reminiscent of Fireblocks and Copper, to safe the belongings.
Within the upcoming months, StakeHound can be issuing different staked tokens reminiscent of stZEN, stXRD and stDOT, amongst others. To seek out out extra, go to https://stakehound.com or comply with StakeHound on Twitter.
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