Dear users,

In support of STAKE (STAKE)’s rebranding to Gnosis Token (GNO) and its token swap plan, as well as the change from xDai Chain to Gnosis Chain, AscendEX will make the following adjustments:

1. From May 30, 2:00 p.m. UTC, 2022, AscendEX will suspend the deposit and withdrawal functions of STAKE and change xDai Chain to Gnosis Chain.

2. From May 30, 8:00 p.m. UTC, 2022, AscendEX will remove the STAKE/USDT trading pair. All unfilled orders will be canceled.

3. On May 31, 2:00 a.m. UTC, 2022, AscendEX will take snapshots of users’ STAKE holdings in their cash and investment accounts and swap the STAKE ticker to the GNO ticker at the ratio of 1 STAKE = 0.0326292707 GNO. STAKE Staking will be swapped to GNO Staking. Users who participated in STAKE Staking will continue to earn returns in GNO token without any operations.

4. After the rebranding, the STAKE deposit, withdrawal and trading functions will no longer be available on AscendEX. Any withdrawals or unbonding of STAKE must be completed before May 29, 2:00 p.m. UTC, 2022, otherwise the unstaked STAKE cannot be credited into users’ accounts.

See new GNO Staking Rules below:

Deposit TokenGNO
Reward TokenGNO
Minimum Deposit Amount0.5 GNO
Maximum Deposit AmountN/A
Minimum Staking PeriodDeposit and redeem anytime
Reward Calculation Starting TimeT+1 Days
Reward Distribution Starting TimeT+2 Days
Reward Distribution CycleDaily
Minimum Redemption Amount0.5 GNO
Regular Unbonding Period3 Days
Instant Unbonding (Real-time arrival)Supported
Instant Unbonding Fee1%
Compound ModeNot Supported
Staked Assets as Margin CollateralNot Supported

Learn more about the STAKE-GNO swap here.

Thank you for your continued support!
The AscendEX Team