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StakeHound in collaboration with NEM Group presents stakedXEM

StakeHound and NEM Group have joined forces to launch stakedXEM in order to improve XEM’s liquidity and unleash it to access the booming DeFi ecosystem.

Today, we are excited to announce that stakedXEM will go live on Ethereum on the 7th of December 2020. On that date, stakedXEM will be distributed to all those who participated in the Hunt and will create the first bridge between NEM and the DeFi space.

Simply by holding stakedXEM, you will earn staking rewards without minimum amounts or technical requirements. In the meantime, you will be able to earn fees by providing liquidity on exchanges such as Uniswap, leverage your positions by borrowing against stakedXEM and make use of all the financial legos that are being built on top of Ethereum. …

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