The Stargate protocol lives at the heart of omni-chain DeFi and was created on top of the LayerZero protocol, which allows the transfer of funds between several blockchains. The Stargate token (STG) offers a solution to the “bridging trilemma” and allows users and decentralized apps to transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.
What is STG?
Stargate (STG) is a blockchain project that aims to connect multiple blockchain networks to create a unified ecosystem. It was launched in 2021 as an upgrade to the Cosmos Hub, which is a decentralized platform for building interconnected applications and services.
Stargate introduces new features and functionalities to the Cosmos ecosystem, including the Inter-Blockchain Communication (IBC) protocol, which allows different blockchains to communicate and exchange data with each other in a secure and efficient manner. This means that applications built on different blockchains can interact with each other seamlessly, enabling greater interoperability and flexibility in the decentralized world.
In addition to IBC, Stargate also introduces other upgrades such as a more efficient consensus algorithm, improved security features, and easier developer tooling. These upgrades are designed to make building and deploying decentralized applications on the Cosmos ecosystem faster, cheaper, and more secure.
Stargate is backed by a strong community of developers, validators, and users who are committed to building a decentralized future. Its mission is to create a new standard for cross-chain communication and enable a world where different blockchains can work together to create more valuable and innovative applications.