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By Elizabeth Stein for Mythos Atlas. About the author. Editorial notes are grounded in the site's cited sources and can be challenged through the contact page.

Sleipnir is Odin's grey, the best of horses, born when Loki as a mare lured the stallion Svadilfari away from the mason who nearly won the sun and Freyja. Hermod rides him to Hel after Baldr's death. The eight legs are in the poems; they are not a later cartoon.
Danger is low because he is a mount, not a hunter — speed between worlds, not a bite.
“The best of all horses is Sleipnir; he has eight legs. He belongs to Odin.”