Dash collaborates with StakeHound to offer its users access to DeFi

Dash, a payment-focused cryptocurrency has joined hands with StakeHound to let its users access a broad range of decentralized finance (DeFi) services. Dash unveiled this news via an official announcement on October 19, noting that this partnership will also see its users earn network rewards by depositing funds through StakeHound. Reportedly, this collaboration mandates all Dash users to send tokens to StakeHound in order to take advantage of the nascent DeFi sector. After the users send the tokens, StakeHound will then create and a wrapped ERC-20 token dubbed stakedDASH back to the users. According to the announcement, stakedDASH will let