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 want a refresher on what is Stargate Finance or some fresh information about STG’s price movements. And, of course, we provide you with the 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.
24H HIGH $0.531
STG MARKET CAP $505,800,000
CIRCULATING SUPPLY 1,000,000,000 STG
24H LOW $0.5033
STG PRICE $0.5058
24H VOLUME $386,390.478
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?
What is Stargate Finance
Stargate is a fully composable liquidity transport protocol, that moves the assets between numerous blockchains. Its name refers to a fictional vehicle to transport people across the Galaxy. The project is based in the heart of Omnichain DeFi. The main idea of Stargate Finance is to offer successful transfers of the tokens from one platform to another.
There are three main benefits of the new solution. First, is the Instant Guaranteed Finality which guarantees that the funds will be on another network once the transaction is completed on the sending blockchain. Unified Liquidity allows numerous blockchains to share the unified liquidity pool. And thanks to the Native Assets feature people receive their funds on the desired network. The application of the Zero Layer bridging technology allows to successfully conduct the transfers between the blockchains. All of this means that traders and investors finally got a chance to transfer their assets much faster and cheaper, which is very useful for the tokens like Tether, which exist on multiple networks.
Stargate maintains unified liquidity asset pools supported by the novel Delta algorithm, which is claimed to solve the bridge trilemma, meaning that usually, a bridge has to give up one of the following: instant finality, unified liquidity, or native asset transactions. To solve the LayerZero omnichain communication protocol was utilized. It allows bidirectional inter-chain communication.
According to the project’s White Paper, Delta bridges benefit both liquidity providers and users. Users don’t have to bridge their tokens multiple times to acquire native assets on the destination chain, while liquidity providers are able to achieve high capital efficiency by staking into a single-sided asset pool while collecting incoming fees no matter from which chain they come without the overhead of maintaining LP emissions. It also speeds up the core development cycles. Additionally, Stargate Finance can be scaled to as many networks as necessary.
The largest legacy bridges before the Stargate Finance project were vulnerable, with many of them suffering huge hacks with over $1 billion stolen from bridge-owned smart contracts since the beginning of 2022 alone.
The Stargate project was launched in early 2022 by Bryan Pellegrino and started to conquer the market straight away with its total value locked surpassing $4 billion.
STG is the native ERC-20 token of the Stargate platform, which is used in liquidity pools. The token can be staked. For staking the users are rewarded in veSTG - the governance token of the Stargate Finance platform. There are 133 million STG tokens in the current circulation. And the max supply of the asset is 1 billion coins.
The users can also arm their LP tokens to get rewards in STG, as well as add liquidity and earn stablecoins rewards on every STG transfer.
At the end of June 2022, the first omnichain exchange was launched on the top of Stargate FInance. SushixSwap built on Stargate allows swapping the tokens between the networks in one transaction without leaving the interface of the app, and paying source and provider gas fees all at once, abstracting the complexity that existed before.
Average STG Fees
The current fee to move the assets is 0.1 basis points (bps), which is less than other bridges such as Synapse, AnySwap, or Allbridge, all of them charge 0,2% for transactions.
The slippage to move the finance is 0,5%, meaning that the maximum loss if you move the number of tokens equal to $1000 between the networks, is $5, and normally it is even lower than that.
The STG token is supported by most of the common crypto wallets, including the Binance Chain wallet, MetaMask, Trust Wallet, Math Wallet, Zelcore, Coinbase, Uphold.
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 1450 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!
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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.