The $stkWALLET is the staked version of $WALLET token, and it has multiple purposes in the Ambire Wallet ecosystem.
1. Governance
It functions as the primary governance token in the WalletDAO, allowing its holders to vote in the governance proposals and shape the future of the Ambire Wallet.
It have full governance power, compared to 1/2 governance power of the $WALLET token
2. "Swap & Bridge" fee reduction
$stkWALLET holders benefit from a tiered fee structure for the integrated "Swap & Bridge" service. The more $stkWALLET you hold, the lower your Ambire Swap & Bridge fee can be, reducing it from standard 0.5%, all the way to 0%.
Note: These are Ambire's Swap & Bridge fees. Network gas fees and fees charged by third-party services, like liquidity providers, bridges, aggregators, and others may still apply.
3. Staking rewards program
Having $stkWALLET is also rewarded with 2% APY.
Learn how to stake the $WALLET token