STAKE emissions and rewards will be deprecated during the first half of 2022. Swapping will be live until that time. Once the Gnosis Chain merges with the Gnosis Beacon Chain, the swap will be deactivated.
If I only need xDai coins for transactions, what is STAKE used for?
STAKE is a volatile token used as a staking token to protect the Gnosis chain. It enables delegated staking and community participation in GC consensus.
You do not need STAKE to use the Gnosis chain for regular transactions. You only need STAKE if you want to be a validator or delegator on the xDai chain or to participate in governance.
STAKE with DeFi: How do I trade / farm / lend STAKE?
There are many DeFi applications on GC, most are now focused on GNO rather than STAKE. Below is a short list. For more on what is possible in the Gnosis Chain ecosystem, see https://gnosischain.world/
Yes, public staking is now active on GC. It will continue until Q2 of 2022 when STAKE can no longer be swapped for GNO. GNO staking is available now on the Gnosis Beacon Chain.
How much STAKE will I need for public staking?
The current projected minimum amounts needed to validate or delegate on the GC.
Validators: 2K STAKE (reduced from initial 20K amount)
ERC677 is very similar to an ERC20, but includes additional functionality. We use the transferandCall functionality to enable easier bridge conversions, moving STAKE from the Ethereum Mainnet to the xDai chain and back.
Can I move STAKE on the Gnosis Chain directly to the Huobi Exchange or AscendEx exchange?
Huobi
To move to Huobi, you will first need to have your STAKE on the Ethereum mainnet as an ERC20. If you currently have STAKE on GC, you should bridge it back to Ethereum with the OmniBridge before sending to the Huobi exchange.
If you send STAKE on GC directly to Huobi, the Gnosis Chain team cannot help with this issue and you will need to contact Huobi directly.
It is possible to send STAKE on GC to the AscendEx exchange. Be sure to connect to the correct chain when sending STAKE to AscendEx. More information
Note: if you have STAKE on xDai on AscendEx and want to transfer it to Huobi, be sure to exchange it to STAKE on Ethereum before transferring between exchanges.