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What is StakeHound Staked Ether?

StakeHound stETH is a wrapped token with a 1:1 representation of the user’s underlying ETH.

Full description of StakeHound Staked Ether

StakeHound stETH is a wrapped Token (?) with a 1:1 representation of the user’s underlying ETH. After a user onboards their ETH, StakeHound stakes those ETH for the users and redistributes the rewards to stETH. That way, the stETH allows you to receive ETH 2.0 Staking (?) rewards without the minimum staking requirement and no lock-up period as stETH can be sold at any time, for example, on Uniswap.
  • Exchange symbol (?): STETH
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS