DASH Price Explodes 18% After DeFi Announcement

The price of DASH had a massive spike today after the recent DeFi announcement. The digital asset was trading at around $66 before a significant increase towards $78.57 in less than 8 hours. DASH announced the collaboration with StakeHound, allowing holders to earn masternode staking rewards and exclusive access to DeFi services.

The token StakeDASH will be used to bridge the gap between DASH and the Ethereum DeFi ecosystem. It will also allow holders to greatly benefit from yield farming through major DeFI applications while still receiving stable staking rewards.

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.

Said Felix Mago, co-founder of DASH NEXT. The way it works is actually quite simple, users only need to deposit their stakeable tokens which will be wrapped on an ERC-20 token. Users will then have access to………..

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Author: Robert Weiss
Original link: https://cryptoticker.io/en/dash-price-explodes-18-after-defi-announcement/