Dash Hops On Ethereum DeFi, Now Allows Both And Yields Node Rewards

The initiative itself will be led by StakeHound, a DeFi development company, and will create StakedDASH, an Ethereum-wrapped token for users to access. The second way to gain rewards, is by way of StakedDASH token generation, which can subsequently be used in DeFi apps for yield farming.

Instead, they can opt to sign up and send their respective holdings to StakeHound itself, which would automatically stake these tokens and allow its users to generate rewards. As a result of this, Taylor highlighted the new use cases and opportunities available to the users of both ERC-20 blockchain users as well as Dash.

Timeline of Dash, Ethereum