STAKE and xDai

How both tokens work together

This is a proposed implementation. xDai Validators will vote to upgrade to dPOS and STAKE.

Using STAKE as a staking token allows individuals to earn incentives in exchange for protecting the integrity of the chain. STAKE will be produced in a limited quantity, some of which are unlocked over time.

STAKE will provide Proof of Stake protection for the xDai staking chain, a chain which uses a stable coin for fast, extremely inexpensive transactions. xDai has already been adopted by many in the crypto community as a way to send stable currency and pay vendors quickly with minuscule fees. The dPOS model will further decentralize this protocol and provide staking opportunities and reward incentives for interested STAKE token holders. In addition, STAKE will create a funding stream for the xDai ecosystem to fast-track mainstream adoption.