Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which posits that no blockchain can simultaneously be decentralized, secure, and fast. It facilitates cross-chain DeFi transactions, allowing users to transfer and swap assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.
Stargate Finance operates using the LayerZero protocol, a technology enabling direct and decentralized communication between different blockchains. It supports a multi-chain environment, including Ethereum, BNB Chain, Avalanche, Optimism, Polygon, Arbitrum, and Fantom. The platform uses specific algorithms like the Delta algorithm to manage cross-chain liquidity pools efficiently. Smart contracts are utilised to ensure instant transaction confirmation and guaranteed asset arrival on the target chain.
Stargate Finance can be used for numerous applications, including cross-chain asset transfers, providing liquidity to unified pools, yield farming, and operating decentralized exchanges (DEXs). It is also involved in governance and staking. Its real-world applications are prevalent in DeFi platforms, cross-chain DEXs, and blockchain-based payment networks, catering to industries such as DeFi, blockchain, and cryptocurrency.
Stargate Finance was established by LayerZero Labs in March 2022. The founding team includes Bryan Pellegrino, Ryan Zarick, and Caleb Banister. Significant milestones include becoming the first cross-chain bridge app on the main net and the completion of a contract swap by Binance, which significantly impacted the STG price. The technology behind Stargate has evolved from a traditional bridging solution to a revolutionary cross-chain bridge, improving the efficiency and security of asset transfers across blockchains.