Tag Archive : Dash

DASH Partners With StakeHound Enabling DeFi Users to Earn Rewards

DASH Partners With StakeHound Enabling DeFi Users to Earn Rewards

StakeHound collaborates with DASH NEXT and Dash Core Group, allows Dash holders to access decentralized finance (DeFi) applications while earning staking rewards.

Newly launched StakedDASH has become a bridge between DASH and Ethereum DeFi ecosystems. It allows DASH holders to generate further yield. Through DeFi applications whereas at the same time continue receiving stable staking rewards. 

DASH NEXT Co-Founder Felix Mago said,

With DeFi, different Blockchains are finally coming together. I am very excited about this partnership as it provides DASH users the benefits of DeFi applications. Such as lending or borrowing, and Ethereum users with an easy way to use DASH’s established global payment ecosystem.

StakedDASH is tradable in major DeFi platforms like UniSwap, Curve, Aave, and others, using the Radix or Ethereum networks. They can also be converted into the original Dash tokens at any point.

In the meantime, the DASH tokens held by StakeHound will be conducted in a Dash masternode. And earn the standard rate of network rewards, which is issued to users as additional stakedDASH.

This enables Dash holders to gain the profit of network staking, but without needing to lock up the 1,000 DASH required to create their own masternode. The amount required to stake through StakeHound is a minimum of 1 DASH, at the time of writing worth $68.8.

Founder and CEO of StakeHound Albert Castellana have mentioned his intention, and dedication to explore DeFi capabilities to build and integrate DeFi on Dash Platform after the upcoming launch of mainnet.

Dash Introduces Protocol Versioning With New Updates Every Six Weeks

Dash, an open source cryptocurrency, has released its fourth new update which makes it easier for developers to begin transitioning to a testnet and mainnet.

Dash released a new update of v0.15 over the weekend. However, this is the 4th release by its newly defined process. And 5th release overall. Dash’s new functionality will be released approximately every 6 weeks.

Dash mentioned in an article,

DCG developers introduced versioning that allows for the smooth rollout of breaking changes without affecting user experience.

Breaking changes introduced on the protocol level may lead to several incompatibility issues. These issues between data created before and new software versions. It also has different versions of clients and nodes participating in the same network. 

Previously, DCG developers handled these situations by wiping data on Evonet and forcing developers to update platform software with each new release. Since this approach is fine only  for early testing. It is not appropriate for testnet and mainnet. 

On Jan 7, 2020, Dash has updated Dash Explorer to Insight. This was announced by its Marketing Manager Michael Seitz. Insight is an open-source Dash blockchain explorer. It used for writing web wallets and other applications that need more advanced blockchain queries.

It provides users with a convenient way to read data from the Dash network so they can build their own services with it.  

Dash Core Group is a decentralized and remote team that remains to deliver on the promise of financial freedom. Users can expect the next release to arrive sometime between October 6 to 20.