Note: STAKE deposits on xDai are only available on AscenDEX. For Huobi, Gate and other exchanges you need to bridge STAKE to Ethereum first. Do not send STAKE on xDai directly to those exchanges without bridging first. If you have additional questions, please ask in the discord #support channel.
STAKE with DeFi: How do I trade / farm / lend STAKE?
There are many DeFi applications on xDai. Here you can trade with STAKE, lend or borrow STAKE, or add STAKE to different liquidity pools. Below is a short list. For more on what is possible in the xDai ecosystem, see xdai.world.
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.
xDai is the first developed use-case for STAKE. However, it may be adopted by other chains in the future and used as a staking token for their consensus as well. POSDAO consensus is an algorithm we’ve developed that may be adopted by other chains, and those chains would have the opportunity to also incorporate a ready-made solution with STAKE to protect their chain.
Can I move STAKE on the xDai Chain directly to the Huobi Exchange or AscendEx exchange?