Stargate Overview
- What is Stargate?
A user-friendly DeFi bridge that facilitates native token swaps between different ecosystems. Stargate is a comprehensive liquidity transport protocol central to the Omnichain DeFi, allowing users and dApps to transfer assets across chains using its unified liquidity pools. These transfers are instantaneous and guaranteed. By swapping assets with Stargate, users can exchange native assets cross-chain. Moreover, liquidity providers can contribute to Stargate's Omnichain protocol, earning stablecoin rewards for each transfer and farming their LP tokens for STG token rewards. STG holders can also stake their tokens, receiving veSTG, the governance token for Stargate. The longer the STG is staked, the more veSTG is earned.
- Main Features
- Fully composableSupports multiple blockchainsEarn stablecoin rewards for providing liquidityParticipate in governanceFarm yield with LP tokens
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Frequently asked questions
Stargate utilizes a unique lock-and-mint mechanism. When a user deposits an asset on one chain, it gets locked, and a corresponding amount of the same asset is minted on the destination chain. This eliminates the need for centralized custodians and facilitates instant finality.
Stargate's design aims to minimize slippage compared to traditional cross-chain bridge methods. Also, swaps are settled immediately, eliminating waiting times and users can access liquidity pools for various assets across supported chains.
STG is the native governance token of Stargate. Once users deposit STG, they will receive veSTG token, which they can use for voting on proposals.
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