Stargate Finance STG

1. Summary

Ranks

Liquidity

99

Developer

-

Social

98

Momentum (beta)

93

Stack Rank™

-

Price

$0.20 +1.7%

Market Cap

$191.15M (#248)

Supply

204.35M / 1.00B

Tags

Binance Smart Chain Ecosystem Yield Farming DeFi Avalanche Ecosystem Polygon Ecosystem Fantom Ecosystem Arbitrum Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Optimism Ecosystem

More Metrics

Price
52W High price	$0.84
52W High date	14th Mar 2024 (1 year ago)
All Time High (ATH) Date	2nd Apr 2022 (3 years ago)
ATH Price	$4.14
% From ATH	-90.07%
All Time Low (ATL) Date	4th Nov 2024 (5 months ago)
ATL Price	$0.24
% From ATL	69.12%

Supply & Trading Volume
Trading Volume (24h)	$7.59M
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	204.35M

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Description

Stargate Finance is a composable native asset bridge protocol, built on LayerZero. It allows users to transfer native assets directly between different blockchain networks without the need for intermediate tokens. The protocol employs a novel cross-chain bridge mechanism called ∆Bridge and a balancing algorithm, the Delta (∆) algorithm. This combin...

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Stargate Finance is a composable native asset bridge protocol, built on LayerZero. It allows users to transfer native assets directly between different blockchain networks without the need for intermediate tokens. The protocol employs a novel cross-chain bridge mechanism called ∆Bridge and a balancing algorithm, the Delta (∆) algorithm. This combination ensures unified liquidity pools, preventing transaction reversion and offering instant guaranteed finality.

Stargate's Framework

The protocol's functionality is based on a unified liquidity pool shared among blockchain networks. The ∆Bridge mechanism allows native assets to be sent directly and seamlessly between chains, and the ∆ algorithm supports it by automatically rebalancing liquidity pools. This design enables the integration of numerous blockchain networks, scaling the protocol more efficiently than many alternative bridges.

Key Features

Stargate allows users to transfer native assets across different blockchain networks with instant guaranteed finality. This ensures that any transfer submitted on a source chain is guaranteed on the target chain. Additionally, liquidity providers can participate in the protocol by adding liquidity to the unified pools and earning stablecoin rewards. They can also farm their LP tokens to receive STG token rewards.

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