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Stargate Finance (STG)
An Omnichain Liquidity Transport Protocol
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Stargate Finance is an omnichain liquidity transport protocol. With Stargate, users and dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools.
STG is the native token of the project. The current use cases for STG include:
Staking: STG holders can lock their STG tokens to receive veSTG, Stargate’s governance token.
Governance: veSTG received by staking STG can be used for voting, the longer the staking period, the larger the voting power staker will receive.
The project consists of the following major components working in conjunction:
Transfer: users can swap 1:1 native assets cross-chain and have instant guaranteed finality.
Pools: liquidity providers can add liquidity to Stargate’s omnichain protocol and earn stablecoin rewards on every Stargate transfer.
Farms: Stargate liquidity providers can farm their LP tokens in exchange for STG rewards.
Delta Algorithm: a novel resource balancing algorithm that leverages unified cross-chain liquidity to enable a new class of cross-chain bridge that deals purely in native assets while still maintaining instant guaranteed finality.
As at Aug 22th 2022, the total token supply and maximum token supply of STG is 1,000,000,000. The current circulating supply is 133,272,369 (~13% of the total token supply).
Learn more about the token distribution of STG here.