STAKE to GNO swap has completed. xDai Chain is now Gnosis Chain. For further information, read more at: https://www.gnosischain.com/evm
xDai Chain is a USD stable blockchain launched through a collaboration between the MakerDAO Foundation and POA Network. It is also a sidechain compatible to Ethereum. The xDai chain is evolving to support staking and delegating staking with a new algorithm called POSDAO and the STAKE staking token. The xDai chain is a stable payments blockchain designed for fast and inexpensive transactions. xDAI STAKE (STAKE) is one of the two native tokens for the xDAI Chain. It is used for validators to stake into the xDAI chain, validate the transactions, and secure the chain. The other native token for the xDAI Chain is xDAI.
In November 2021, both the xDAI and GnosisDAO community voted to combine their ecosystems to create the Gnosis Chain.