Ambire proposes $stkWALLET contract to replace $xWALLET staking
Ambire published a governance proposal to replace its two-token staking setup with a single standalone $stkWALLET contract, retiring the legacy $xWALLET token for good. Today staking runs through $xWALLET's pool-share model — roughly 1 $xWALLET ≈ 21 $WALLET, making balances hard to read — and the current $stkWALLET is a wrapper on top of it, not a replacement.
The plan covers deploying the new contract, migrating all staked balances from both $xWALLET and $stkWALLET with a one-click migration from the token page in Ambire Wallet, and retiring $xWALLET once migration completes. Terms stay the same: 2% APY, full voting power for $stkWALLET, reduced Swap & Bridge fees, a 30-day leave period, and instant (rage) leave at a 50% exit fee.
- The Discord discussion is open until November 1, followed by a 5-day Snapshot vote
- New contract will be audited before launch; expected live "in the coming months" if approved
- A follow-up vote will set the migration deadline; if the vote fails, the current setup stays in place
Sources
- Staking $WALLET still runs through the legacy $xWALLET token. We propose a new standalone $stkWALLET contract, a one-click migration, and retiring $xWALLET for good. Same rewards and benefits, simpler unstaking. Replying to their earlier post: 💬 Should Ambire launch a new $stkWALLET contract and retire $xWALLET? The discussion is open until November 1st: https://t.co/aiUJwfZQEXx.com ↗
- 💬 Should Ambire launch a new $stkWALLET contract and retire $xWALLET? The discussion is open until November 1st: https://t.co/aiUJwfZQEXx.com ↗
- Move $WALLET Staking to a New $stkWALLET Contractblog.ambire.com ↗
Ambire
The first hybrid Account abstraction wallet to support Basic (EOA) and Smart accounts, improving security and user experience.
