Stargate
#215
STG
$0.25331520-3.56%
≈$0.25331520≈฿0.00000370
Today
Low:$0.25975400
High:$0.26634600
Yesterday
Low:$0.25267319
High:$0.26280660
Market information
Market Cap $51,764,514.70
Global Volume(24H)$6,269,361.82
All-Time Low$0.25722500
All-Time High$4.2756
Initial Price
ROI --
Circulating Supply 204,348,515 STG
Circulation Percentage 20.4349%
Max Supply 1,000,000,000 STG
Total Supply 1,000,000,000 STG
Price history
Information
Converter
STG
USD
Project Introduction
Stargate is a native asset cross-chain bridge currently focused on stablecoin cross-chain with uniform liquidity and fast transaction finality, and is the first project based on the LayerZero protocol.
Project Vision
Stargate aims to make it easier to move assets from one blockchain to another in a single transaction, without the tedious steps involved in locking, casting and burning, and redeeming assets.
Market Demand
At present, asset cross-chain Bridges generally face an impossible triangle problem, that is, cross-chain Bridges cannot simultaneously meet the following three requirements:
1. Immediate guarantee of finality: When the transaction is successfully submitted on the target chain, the guarantee of funds on the target chain is delivered to the account.
2. Unified liquidity: Shared access to a single liquidity pool across multiple chains.
3. Native assets: Many cross-chain Bridges carry out asset cross-chain in the form of casting and destroying synthetic tokens. At this time, the synthetic assets obtained are not the original assets desired by users, and they need to be further exchanged.
Solution
With Stargate, users and DApps can move native assets across the chain while accessing the protocol's unified liquidity pool for instant finality.
Stargate is a cross-chain bridge to solve this triangular problem. With the two dimensions of unified liquidity and native asset pool, Stargate introduced an algorithm called Delta (Delta) to provide immediate guarantees of finality, which is essentially a set of incentive reward and punishment mechanisms to encourage arbitraggers to replenish illiquid capital pools.
Release Mechanism
1. Tokens for teams (17.5%) and investors (17.5%) have a one-year lockup period, followed by linear unlocking over two years.
2. 15.95% of the tokens will be used for joint curve auctions on various blockchain networks.
3. 2.11% will be used for initial release to meet the needs of LP users.
4. 1.55% will be added to various DEX on various chains as liquidity.
5. The remaining 30.39% will be used for future community motivation and long-term development of the project.
Token Usage Scenarios
Currently, in addition to the basic cross-chain transfer function, Stargate users can add liquidity to earn fee income and pledge their LP tokens to earn STG token rewards.
In addition, STG tokens will also adopt the veToken model. STG holders will be able to pledge tokens to obtain veSTG and participate in the governance of Stargate DAO.
Incentive Mechanism
Add liquidity to earn fee gains, pledge LP tokens to earn STG token rewards.
Characteristic
1.DeFi users can exchange native assets on Stargate across the chain in one transaction. For example, a user can replace a USDC on Ethereum with a USDT on BNB.
2. Application composition Stargate creates native cross-chain transactions at the application level.
3. These cross-chain transactions are supported by the community-owned Stargate Unified Liquidity Pool.
Project Highlights
Stargate is the solution to the bridge trilemma. Existing cross-chain Bridges are forced to make trade-offs between the following features:
1. Instant guarantee of finality: Users and applications can trust that when they successfully submit a transaction on the source chain, it will reach the destination chain.
2. Native assets: Users and applications exchange native assets, rather than packaged assets that require an additional exchange to obtain the required assets and their corresponding fees.
3. Unified liquidity: Shared access to a single liquidity pool across multiple chains creates a deeper level of liquidity for users and applications that trust the reliability of the bridge.
Competitors
Many current across the chain bridge with instant final way, is through the "lock native assets + casting synthetic | destruction of synthetic assets + redemption native" this way, this time they are at the expense of his native assets this dimension.
Stargate is the cross-chain bridge that solves this triangle problem. With the two dimensions of unified liquidity and native asset pools, Stargate introduced an algorithm called Delta (Delta) to provide immediate ultimate assurance, essentially a set of incentives, rewards and punishments. Incentivized arbitragarists to replenish illiquid pools of capital.
Project Risk
1. Code vulnerabilities, contract risks, etc.;
2. Competition with other cross-chain protocols;
3. The risk of insufficient promotion, whether Stargate can successfully attract mainstream Defi protocol participation.
Values
In the future, Stargate will explore on-chain unified governance, cross-chain lending, GameFi integration, etc. Due to the combination of integrability and interoperability, other applications can also provide cross-chain exchange through Integration with Stargate. 0xMaki had previously launched a proposal on the Sushi Governance Forum to have SushiSwap integrate Stargate to facilitate chain-wide native asset transactions and transfers across networks.
It is conceivable that with DEX such as SushiSwap and some lending apps integrating Stargate, wider cross-chain asset exchange and cross-chain lending will become possible. And LayerZero, the core infrastructure layer behind Stargate, may be one of the most exciting interoperability deals of the year.
Pairs
Rank | Source | Pair | Price | 24h | Volume(24H) | Trading Percent | Updated | ||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Binance | 1 | Binance | STG/USDT | 0.25300000 | -3.4% | $1,134,775.14 | 8.9872% | 2024-11-03 12:39:36 | ||
2 | Upbit | 2 | Upbit | STG/KRW | 353.00 | -4.08% | $1,100,254.16 | 8.7138% | 2024-11-03 12:37:14 | ||
3 | MEXC | 3 | MEXC | STG/USDT | 0.25300000 | -3.51% | $55,176.55 | 0.4370% | 2024-11-03 12:39:32 | ||
4 | BingX | 4 | BingX | STG/USDT | 0.25300000 | -3.47% | $42,261.91 | 0.3347% | 2024-11-03 12:39:04 | ||
5 | Bitget | 5 | Bitget | STG/USDT | 0.25320000 | -3.43% | $41,992.81 | 0.3326% | 2024-11-03 12:38:49 | ||
6 | CoinW | 6 | CoinW | STG/USDT | 0.25267000 | -3.85% | $21,572.48 | 0.1708% | 2024-11-03 12:39:40 | ||
7 | Binance | 7 | Binance | STG/BTC | 0.00000370 | -2.37% | $14,777.58 | 0.1170% | 2024-11-03 12:39:22 | ||
8 | KuCoin | 8 | KuCoin | STG/USDT | 0.25330000 | -4.27% | $7,339.47 | 0.0581% | 2024-11-03 12:37:15 | ||
9 | Kraken | 9 | Kraken | STG/USD | $0.2535 | -3.98% | $6,482.54 | 0.0513% | 2024-11-03 12:39:54 | ||
10 | Gate.io | 10 | Gate.io | STG/USDT | 0.25280000 | -4.21% | $5,383.28 | 0.0426% | 2024-11-03 12:38:12 | ||
11 | Bitfinex | 11 | Bitfinex | STG/UST | 0.25419000 | -3.59% | $0 | 0.0000% | 2024-11-03 12:40:05 | ||
12 | Bitfinex | 12 | Bitfinex | STG/USD | $0.25431 | -3.63% | $1,301.63 | 0.0103% | 2024-11-03 12:39:40 |
Trading platform transaction information
Trading Percent
All Exchange
Exchange | Volume(24H) | Trading Percent | |||
---|---|---|---|---|---|
Binance | Binance | $1,149,552.72 | 18.0826% | Visit | |
Bitfinex | Bitfinex | $1,301.63 | 0.0205% | Visit | |
Kraken | Kraken | $6,586.26 | 0.1036% | Visit | |
Gate.io | Gate.io | $5,391.61 | 0.0848% | Visit | |
KuCoin | KuCoin | $7,339.47 | 0.1155% | Visit | |
Crypto.com | Crypto.com | $1,015.08 | 0.0160% | Visit | |
Bitget | Bitget | $41,992.81 | 0.6606% | Visit | |
MEXC | MEXC | $55,176.55 | 0.8679% | Visit | |
BingX | BingX | $42,261.91 | 0.6648% | Visit | |
Upbit | Upbit | $1,100,257.48 | 17.3072% | Visit | |
CoinW | CoinW | $21,572.48 | 0.3393% | Visit |