Project Review: Stargate Finance (STG)
What is Stargate Finance? What are the benefits of holding STG for users?
Welcome to Barmy’s Project Review Series. Today, we will talk about Stargate Finance (STG).
What is Stargate Finance?
Stargate Finance is a Cross-Chain Bridge built on LayerZero. This is also the first Dapp to work on LayerZero, Stargate takes advantage of LayerZero’s infrastructure to build liquidity pools on the Blockchains which are supported by the project, thereby forming a cross-chain liquidity network connecting the blockchains that LayerZero supports.
Stargate Finance’s vision is to make cross-chain liquidity transfers a simple and seamless transaction process between blockchains.
II. Unique Selling Points
Why is Stargate Finance different?
Stargate Finance is the first Cross-chain Bridge to solve the dilemma of cross-chain token migration including:
- Instant Guaranteed Finality: Based on LayerZero’s oracle and relayer cross-verification technology, users & applications could trust that when they successfully execute a transaction on the source chain, that transaction will reach the destination chain with security. all high.
- Native assets: Users and applications trade native assets in liquidity pools instead of wrapped tokens through different blockchains. This reduces the need for additional transactions to obtain the desired tokens. Until now, Stargate Finance has supported 7 following chains: Ethereum, BNB, Avalanche, Polygon, Arbitrum, Optimism, and Fantom.
- Unified Liquidity: Based on LayerZero technology, Stargate Finance allows users to collectively access a single pool of liquidity across multiple chains creating deeper liquidity for users and applications across multiple chains.
How is Stargate Finance used?
DeFi users can swap native assets cross-chain on Stargate within a single transaction. For example, users can swap USDC on Ethereum for USDT on BNB.
Applications compose Stargate to create native cross-chain transactions at the application level. For example:
- Your favourite DEX can compose Stargate to complete single transaction cross-chain swaps (i.e. swapping AVAX with ETH in a single transaction, all within your favourite DEX’s user interface.)
- Your favourite yield aggregator can compose Stargate to deploy assets cross-chain, opening up new APY opportunities.
III. Tokenomics & Utilities
$STG Token Key Metrics
- Token Name: STG
- Ticker: STG
- Blockchain: multi-blockchain
- Token Standard: native token của Stargate Finance
- Token type: Governance & Utility
- Total Supply: 1,000,000,000 STG
$STG Token Allocation
1 billion $STG have been minted at the genesis and will be the entire finite supply of STG. The initial three-year allocation is as follows:
- 7.50% – Stargate core contributors (1-year full lock-up, 2-year linear unlock thereafter).
- 17.50% – Investors (1-year full lock-up, 2-year linear unlock thereafter).
- 65.00% – Stargate community allocation, dedicated to fulfilling the protocol’s vision: make cross-chain liquidity transfer a seamless, single transaction process. Here’s the breakdown of the community allocation:
- 15.00% – Stargate protocol launch.
- 10.00% to STG launch auction purchasers.
- 5.00% to an STG-USDC pool on Curve.fi.
- 15.95% – Bonding Curve, post-launch.
- 2.11% – Initial emissions program.
- Up to 1.55% will be added to DEXs on Ethereum, BNB, Avalanche, Polygon, Arbitrum, Optimism & Fantom
- The remaining 30.39% is dedicated to future community initiatives & the long-term success of Stargate.
- 15.00% – Stargate protocol launch.
$STG Token Release Schedule
The STG allocations will unlock over specific various periods as follows:
Bonding Curve & DEX Liquidity: Available at the time of purchase
Launch Auction: 1-year full lockup, 6-month linear unlock thereafter
Team & Investors: 1-year full lockup, 2-year vesting linear unlock thereafter
Initial Liquidity: Unlock 100%.
Token sale Phase 2: Unlock 100%
LP reward: Liquidity providers can also fund Stargate Protocol for STG rewards.
veSTG: STG holder locks STG tokens to receive veSTG, the longer the lock time, the more veSTG users receive. veSTG has the right to participate in the administration of Stargate Protocol and many other benefits.
Team, Partners and Backers
The project team building Stargate Finance is the team of LayerZero
Stargate Finance has been building a strong collaboration network. Among them, SushiSwap, OmniBTC, TreeHouse, Optimism, etc. Besides, Stargate Finance is now listed on many top tier-1 centralized exchanges such as Coinbase, FTX, Bybit and Binance most recently.
Roadmaps & Updates
To be updated.
- Telegram: https://t.me/stargatfinance
- Twitter: https://twitter.com/StargateFinance
- Discord: https://discord.com/invite/stargatefinance
We introduced you to Stargate Finance project and provided all the details about the project’s highlights and tokenomics.
BARMY team hopes that you can find valuable information about Stargate Finance and $STG token from our article. Please let us know how to fulfil your expectation in the next Project Review.
All information above is NOT financial advice. Please do your own research.
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