STAKE Staking Token

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 xDai chain. It enables delegated staking and community participation in xDai consensus. It is also used for STAKE weighted proposal initiation and voting.

You do not need STAKE to use the xDai chain for regular transactions. You only need STAKE if you want to be a validator or delegator on the xDai chain.

More on the Dual Token Model

How do I get STAKE on Ethereum?

How do I get STAKE on xDai?

  • Move from Ethereum to xDai with the OmniBridge

  • Acquire on xDai with Honeyswap

What are the STAKE contract addresses?

Ethereum Mainnet 0x0Ae055097C6d159879521C384F1D2123D1f195e6

xDai Chain 0xb7D311E2Eb55F2f68a9440da38e7989210b9A05e

I've got STAKE but can't find it in my wallet.

You may need to add a custom token - Instructions for doing this with MetaMask.

I want to stake STAKE Now! Is it possible?

Yes - it is possible on Ethereum with EasyStaking and on xDai with Public POSDAO Staking.

When does public staking start on xDai?

Public staking is now active on xDai.

How much STAKE will I need for public staking?

The current projected minimum amounts needed to validate or delegate on the xDai chain.

What is the STAKE Marketcap?

You can find information on the STAKE Marketcap and supply here: https://www.coingecko.com/en/coins/xdai-stake

How do I transfer STAKE from the Ethereum Mainnet to the xDai chain?

When public POSDAO staking on xDai begins, you will need to move your STAKE to xDai in order to use it there.

Video: Moving STAKE between Ethereum and xDai with the OmniBridge

Why is STAKE an ERC677?

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.

For more information see the EIP677 standard https://github.com/ethereum/EIPs/issues/677.

What is multi-chain staking?

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.