We’re excited to continue our support of DeFi projects with our addition of xDai Stake (STAKE) on Poloniex today! STAKE follows our recent DeFi listings of COMP, cUSDT, LEND, BAL, LRC, and REN.

You can now deposit STAKE and trade STAKE/USDT.

STAKE Stats
Price: $3.47
Market Cap: $6,476,835
Market Cap Rank: #341
24hr Trading Volume: $9,254,954
7d Low / 7d High: $1.59 / $3.23
All Time High: $4.19 (July 9, 2020)
All Time Low: $0.514278 (May 5, 2020)

What is xDai Stake?
The xDai Chain is a stable payments blockchain that aims to provide fast and inexpensive transactions. The xDai Chain has a dual token model where xDai can be used for transactions, payments, and fees and STAKE is used to support their Proof-of-Stake consensus. STAKE is a multi-chain staking token designed to secure the payment layer of xDai Chain. Similar to other staking assets, STAKE allows block validators (and their delegators) to provide transaction consensus and receive rewards. Unlike xDai, STAKE is not a stablecoin, it is a volatile token that has its value determined by the market. Deposit STAKE now and get ready for trading.

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