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/