Exchange Stargate Finance (STG)
If you're looking to swap Stargate Finance, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Stargate Finance, or some fresh information about STG’s price movements. And, of course, we provide you with multiple Stargate Finance exchange options so that you can choose the offer with the best rates and lowest Stargate Finance fees, as well as other parameters that suit you.
Stargate Finance Price Stats
To help you make a decision about exchanging your Stargate Finance, we gathered some cold hard numbers: Stargate Finance price chart and other stats, such as Stargate Finance market cap.
STG 24H HIGH $0.72120611714672
STG MARKET CAP $715,794,455.578
STG CIRCULATING SUPPLY 1,000,000,000 STG
STG 24H LOW $0.70006586125896
STG PRICE $0.71579445557794
STG 24H VOLUME $5,462,753.187
Stargate Finance Price Chart
Here you can see the current price of Stargate Finance, as well as Stargate Finance price history.
What is Stargate Finance?
Stargate Finance (STG) serves as an omnichain-native asset bridge, strategically addressing the blockchain trilemma, which posits that achieving decentralization, security, and speed concurrently is challenging for any blockchain. This is achieved through the streamlining of cross-chain DeFi transactions, empowering users to effortlessly transfer and exchange assets across diverse blockchains, layer-2 networks, and decentralized applications (dApps) with near-instantaneous speed.
Beyond facilitating seamless cross-chain interactions, Stargate users have the flexibility to relocate their assets across different liquidity pools within various decentralized finance (DeFi) protocols and dApps. The protocol facilitates transfers among eight prominent chains, namely Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism, and Fantom.
The platform extends its utility by providing users with opportunities for profit-making through multiple features. Users can actively participate in supplying liquidity pools, staking assets, and engaging in token farming. By staking their assets, users also gain a stake in governing the Stargate Finance Exchange.
Stargate Finance was created by LayerZero Labs and became a pivotal component of the omnichain protocol designed to facilitate seamless interoperability among major cryptocurrency networks. The platform was launched in March 2022, marking a significant milestone as the pioneering cross-chain bridge application.
Coinciding with the platform's launch, the accomplished cryptocurrency developer 0xMaki joined the LayerZero team on the same day. This addition brings valuable expertise to further enhance Stargate Finance's capabilities and underscores the project's commitment to advancing the interoperability of the crypto ecosystem.
Stargate eliminates the need for lengthy confirmation times by employing a lock+mint and burn+redeem mechanism. This process involves burning tokens at the source and minting new ones on the destination blockchain, ensuring instant guaranteed finality and unified liquidity.
The platform utilizes an advanced cross-chain bridge mechanism alongside the delta algorithm, effectively addressing the bridging trilemma. Stargate empowers users and decentralized applications (dApps) to execute native asset transfers between different blockchains through its unified liquidity pools, promising secure and reliable transfers from source to destination chains.
Stargate offers a seamless solution to the bridging trilemma, providing instant guaranteed finality, supporting native asset swaps, and ensuring unified liquidity. This allows users to swap assets like USDC on Ethereum for USDT on BNB, while enabling applications to leverage Stargate for native cross-chain transactions, expanding liquidity access and yield opportunities.
By prioritizing the use of native assets, Stargate minimizes the need for additional swaps and associated fees. The consolidated liquidity pool across multiple chains enhances overall liquidity depth and reliability. Ultimately, Stargate delivers a trustworthy transaction experience, instilling confidence in the successful commitment of transactions on the source chain mirrored on the destination chain.
STG serves as the inherent governance and utility token for Stargate Finance, offering multiple functionalities within the protocol. Token holders can choose to stake $STG, provide liquidity, and engage in the governance of the platform. Staking $STG also grants token holders STG, Stargate's voting escrow token.
The protocol employs a time-weighted reward system, where stakers receive an increased amount of STG as they commit to longer lock-up periods. The STG token has a total supply of 1 billion, and as of November 21, 2023, the circulating supply is 204,338,417 STG.
Stargate Finance offers a range of useful features to enhance user experience, including capabilities like transfers, pool management, farming, and staking. These tools are designed to simplify your interactions with the platform.
Additionally, Stargate provides users with control over the amount of native gas transferred between different networks, allowing for more customization in transactions.
To ensure transparency and collaboration, Stargate has integrations with platforms such as Github and Gitbook. For community engagement and information sharing, the platform is actively present on forums like Discord, Telegram, Medium, and Twitter. These forums serve as valuable spaces for discussions, idea sharing, and staying informed about developments within the Stargate community.
The Average Fees on Stargate Finance
The average fee on Stargate Finance for non-STG token transfers is 0.06%. In addition to this, Stargate transfers might involve a pool rebalance fee, which depends on the imbalance between the source and destination transfer pools in relation to their equilibrium weights. It's noteworthy that STG token transfers do not trigger a pool rebalancing fee.
The STG Token Wallets
The STG tokens can be held in a variety of crypto wallets, including Trust Wallet, MetaMask, Ledger, imToken, Torus, Coinbase, TokenPocket, iToken Wallet, etc.
A Simple Way To Exchange Stargate Finance Here At SwapSpace
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Choose the cryptocurrencies you would like to exchange among more than 1700 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
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Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.