Stargate Finance (STG)
Stargate Finance (STG) is a decentralized cross-chain liquidity bridge developed on LayerZero. It allows for the seamless transfer of assets across different blockchains within a single transaction.
Overview
Launched in March 2022, Stargate Finance was created by LayerZero Labs, which focuses on cross-chain interoperability. It is designed as an omnichain-native asset bridge that addresses the blockchain trilemma, ensuring efficient cross-chain DeFi transactions. This enables users to move and swap assets across various blockchains, layer-2 networks, and decentralized applications (dApps). According to its website, Stargate allows users and dApps to transfer native assets across chains while accessing unified liquidity pools with instant finality. The protocol supports transfers between numerous chains, including Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism, Fantom, Kava, Linea, Scroll, Base, Mantle, and Aurora.
V2 launch
| Ticker | STG |
| Category | Decentralized Finance (DeFi) |
| Website | https://stargate.finance/ |
| @StargateFinance | |
| Contract Addresses | |
|---|---|
| ethereum | 0xaf...d6 Copied! |
| base | 0xe3...dfCopied! |
| optimistic-ethereum | 0x29...97Copied! |
| arbitrum-one | 0x66...b6Copied! |
| linea | 0x80...49Copied! |
| fantom | 0x2f...90Copied! |
| polygon-pos | 0x2f...90Copied! |
| avalanche | 0x2f...90Copied! |
| binance-smart-chain | 0xb0...2bCopied! |
Stargate's V2 was launched on May 31, 2024, across 16 chains. This version introduces improvements aimed at reducing bridging costs, enhancing chain expansion, and optimizing capital efficiency. It incorporates transaction batching, Hydra, and an AI-driven Planning Module (AIPM) to offer a more efficient and scalable cross-chain experience. A blog post highlights that Stargate V2 addresses cost, speed, and connectivity challenges while ensuring instant finality in transactions, thereby providing confidence in secure asset transfers.
STG token
The $STG token serves as the native governance and utility token for Stargate Finance. It can be staked or used to provide liquidity and participate in protocol governance. By staking $STG, holders earn $veSTG, a voting escrow token. The protocol employs a time-weighted reward system that increases the $veSTG earned based on the duration of staking. The total supply of $STG is 1 billion tokens, with an initial three-year allocation: 17.50% for Stargate core contributors, 17.50% for investors, both with a 1-year full lock-up and a 2-year linear unlock, and 65.00% for the Stargate community.
Stargate DAO
Stargate is governed entirely by its token holders through voting escrow. Governance decisions involve protocol development, integrations, tokenomics, and the distribution of emissions to stablecoin liquidity providers.
Voting power
Time-weighted voting is employed to give long-term Stargate token holders greater influence in the governance of the protocol. veSTG represents the unit of governance voting power, earned by staking locked tokens, and is non-transferable.
Stargate Foundation
The Stargate Foundation is committed to fostering the growth and sustainability of the Stargate protocol. This includes supporting community-led initiatives, providing grants to contributors, forming partnerships with other DeFi and crypto organizations, marketing and communication efforts, and overseeing the daily operations and maintenance of the protocol.