Stargate Finance (STG)
An Omnichain Liquidity Transport Protocol- 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.