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StZEN a new ERC20 token coming soon

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Avatar for TigerTn
Written by   3
1 month ago

Horizen, launched in 2017, and StakeHound, a swiss company that is focusing on building bridges between staking protocols and Ethereum’s DeFi, partnered to enable ZEN users to participate in the Ethereum-based DeFi ecosystem. This marks a milestone in Horizen’s progress into the decentralized finance (DeFi) landscape.

StakedZEN (stZEN) is an ERC20 token issued by StakeHound as a 1-to-1 representation of ZEN staked with StakeHound.

stZEN allows you to participate in the Ethereum ecosystem and earn Horizen node rewards at the same time with three features :

- Staking without locking : Allows you to participate in the Ethereum ecosystem while earning node rewards.

- No minimum staking requirement : Automatically earn node rewards on any amount of stZEN you are holding.

- Exchange anytime : Convert stZEN to ZEN at a 1:1 ratio through StakeHound at any time.  

stZEn is coming soon on SushiSwap exchange.   You can get some free ZEN on https://getzen.cash/  

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