$WALLET and $stkWALLET are two tokens that serve different purposes in the Ambire ecosystem.
$WALLET
$WALLET token is the native utility and governance token of Ambire Wallet. It gives voice to its holders (via SnapShot governance votes) about key decisions for the development of the Ambire ecosystem.
It also benefits from fee and other sources of revenues, as the DAO uses them to buyback and burn $WALLET.
Gas Tank functionality, makes the $WALLET a chain-agnostic network fee token within Ambire Wallet.
You can find the $WALLET token on variety of exchanges.
$stkWALLET
$stkWALLET are the tokens that users receive when they are staking $WALLET. This token cannot be directly traded, like $WALLET do.
$stkWALLET comes with the following benefits:
Earns you 2% APY
Getting twice the governance power in WalletDAO.
Overview
Feature | $WALLET | $stkWALLET |
Purpose | Native utility and governance token of Ambire Wallet | Token received when staking $WALLET |
How to obtain | Various exchanges, Ambire's Swap & Bridge feature, or via rewards | |
Tradable | ✅ Yes | ❌ No |
Governance voting power | 1/2 voting power | Full voting power (2x compared to $WALLET) |
Gas Tank usage | ✅ Can be used as a chain-agnostic network fee token through the Gas Tank | ❌ No |
Staking rewards | ❌ No | ✅ 2% APY |
Swap & Bridge fee reduction in Ambire Wallet | ❌ No | ✅ Up to 100% see reduction (0% fees on trades)* |
* 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.