Discover a revolutionary cross-chain platform that connects various blockchains with instant transaction finality and native asset support.
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Revolutionary solution for cross-chain liquidity in the DeFi ecosystem
Unified pools for exchanging native assets between different blockchains without liquidity fragmentation.
Guaranteed completion of transactions between blockchains with minimal delays and high reliability.
Support for transferring native crypto assets between different blockchains without the need for wrapped tokens.
Opportunities to add liquidity to pools, stake STG, and receive rewards in various tokens.
Stargate Finance is a decentralized cross-chain liquidity protocol launched in March 2022 by the LayerZero Labs team. The main goal of the platform is to create a fully composable native asset bridge to simplify cross-network DeFi transactions.
The platform allows users and decentralized applications (dApps) to instantly transfer native crypto assets between multiple blockchains, add liquidity to various pools, stake assets, and farm tokens.
Stargate Finance aims to solve the blockchain trilemma and create endless possibilities for users in the world of Omnichain DeFi.
How cross-chain exchange works on Stargate Finance
Stargate uses a lock and mint (lock+mint) and burn and redeem (burn+redeem) mechanism instead of traditional fragmented liquidity. When a user sends assets from one blockchain to another, tokens are locked in the source chain, and an equivalent amount is minted in the target chain.
To solve the bridge trilemma problem, Stargate uses an advanced delta algorithm that ensures liquidity balancing between different blockchains. This allows maintaining optimal asset distribution and minimizing risks.
Stargate is built on the LayerZero protocol, which provides reliable message transmission between blockchains. LayerZero uses a combination of oracles and relays to verify and transmit information, ensuring the security and reliability of cross-chain operations.
Instead of creating separate pools for each blockchain pair, Stargate combines liquidity into unified pools. This significantly increases capital efficiency and reduces liquidity fragmentation typical of traditional cross-chain solutions.
StargateV2 is an updated version of the protocol built on LayerZero V2, which includes the following improvements:
Detailed interface overview with usability analysis
To start using Stargate Finance, you need to connect a cryptocurrency wallet (MetaMask, WalletConnect, etc.) to the platform. This can be done by clicking the "Connect Wallet" button in the top right corner of the interface.
After connecting the wallet, the user can select the desired operation: transferring assets between blockchains, adding liquidity to pools, or staking STG tokens.
To execute a transaction, you need to specify parameters (amount, source and target chains, etc.), confirm the operation, and sign the transaction in your wallet. After that, the transaction will be processed and executed.
Supported blockchains and cryptocurrencies
| Feature | Stargate | Multichain | Hop Protocol |
|---|---|---|---|
| Instant finality | ✅ | ❌ | ✅ |
| Native assets | ✅ | ✅ | ❌ |
| Unified liquidity | ✅ | ❌ | ❌ |
| Number of supported chains | 9+ | 20+ | 5+ |
| Staking and farming | ✅ | ✅ | ✅ |
User funds protection mechanisms
Stargate Finance smart contracts have been audited by leading blockchain security companies, ensuring their reliability and protection against vulnerabilities.
The platform uses various protection mechanisms, including multi-level transaction verification, maximum transfer amount limitations, and suspicious activity monitoring.
Since the platform's inception, no serious incidents or hacks have been recorded, which indicates a high level of security and reliability of the protocol.
Stargate Finance demonstrates a high level of security thanks to thorough smart contract audits, the use of proven protection mechanisms, and the absence of serious incidents in the platform's history. However, like any DeFi protocol, Stargate is not without certain risks associated with possible vulnerabilities in smart contracts and potential attacks on cross-chain bridges.
Information about the platform's native token
STG holders can stake tokens to receive veSTG, which gives voting rights in decision-making for protocol development.
The time-weighted reward system encourages long-term participation. Longer lock-up periods increase the amount of veSTG received.
1/6 of the fees for non-STG transactions (1 basis point) is distributed among veSTG holders, creating passive income.
STG is traded on various blockchains, including Ethereum, Arbitrum, Optimism, Linea, BNB Smart Chain, Fantom, Avalanche, Polygon POS, and Base.
The current volume of staked STG is $27,452, which represents 0.01% of the market capitalization. This is a relatively low figure, which may indicate potential for staking growth in the future.
For STG staking, users can use the official Stargate Finance interface. After staking, users receive veSTG, the amount of which depends on the sum and lock-up period of the tokens.
Real user reviews about the platform
Using Stargate Finance does not require registration or verification. Simply connect a cryptocurrency wallet (MetaMask, WalletConnect, etc.) to the platform.
To transfer assets between blockchains, select the source and target chains, specify the transfer amount, and confirm the transaction in your wallet. Funds will arrive at the target address within a few minutes.
To add liquidity to pools or stake STG, go to the appropriate section of the interface, select a pool or staking period, specify the amount, and confirm the transaction.
If you encounter problems with transactions, it's recommended to check for sufficient native tokens to pay for gas, ensure the correct network is selected in your wallet, and refresh the page. If the problem persists, you can contact support through official channels.
Answers to popular questions about Stargate Finance
Stargate Finance is a decentralized cross-chain liquidity protocol launched in March 2022 by the LayerZero Labs team. The platform allows users to instantly transfer native crypto assets between different blockchains, add liquidity to pools, stake tokens, and participate in protocol governance.
Stargate Finance supports the following blockchains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism, Fantom, Linea, and others. The list of supported networks is constantly expanding with the development of the protocol.
Stargate uses a lock+mint and burn+redeem mechanism for exchanging assets between blockchains. When a user sends assets from one blockchain to another, tokens are locked in the source chain, and an equivalent amount is minted in the target chain. This process is facilitated by the LayerZero protocol, which ensures secure data transmission between blockchains.
STG is the native token of the Stargate Finance platform with a total supply of 1 billion tokens. The token is used for protocol governance (through staking and receiving veSTG), fee distribution, and participation in the Stargate ecosystem. STG holders can stake their tokens to receive rewards and voting rights in decision-making for platform development.
Stargate Finance charges a fee of 0.06% (6 basis points) for cross-chain transactions. Of this amount, 1/6 (1 basis point) is distributed among veSTG holders. Additionally, users must pay standard gas fees in the source and target networks.
Stargate Finance security is ensured by several layers of protection: smart contract audits by leading blockchain security companies, the use of proven cryptographic algorithms, multi-level transaction verification using oracles and relays, maximum transfer amount limitations, and monitoring of suspicious activity.
veSTG (voting escrow STG) is a governance token that users receive when staking STG. The amount of veSTG received depends on the amount and lock-up period of STG tokens. veSTG gives voting rights in decision-making for protocol development and allows receiving a portion of transaction fees. The amount of veSTG linearly decreases over time until the staked tokens are unlocked.
To add liquidity to Stargate pools, you need to:
Discover new opportunities in the world of DeFi with an innovative platform for cross-network operations