The full English name of STG coin is Stargate. Stargate is a fully composable liquidity transmission protocol and the core of Omnichain DeFi. Using Stargate, users and dApps can transfer native assets across chains while accessing the unified liquidity pool of the protocol to ensure finality instantly.
What is STG?
Stargate Finance is a cross-chain bridge that adopts a unified liquidity pool model. STG is its native governance token that can be pledged to obtain protocol income. STG smart contract address – Ethereum, BNB Chain, Polygon, Fantom, Avalanche, Arbitrum.
Stargate positions itself as a liquidity transmission protocol that allows users to trade native assets across chains. Stargate provides decentralized finance (DeFi) users with the option to deposit stablecoins into a pool and pay through native Stargate tokens (STG). According to LayerZero, the team behind the underlying protocol that Stargate runs, 10% of the total supply of STG tokens, or 100 million tokens, will be auctioned as the initial liquidity generated when Stargate goes online on seven different blockchains. Currently supported blockchains include Arbitrum, Avalanche, Polygon, Optimism, BNB Chain and other public chains and Layer 2 blockchains.
STG coin (Stargate) features:
Transfer
1:1 cross-chain exchange of native assets, connected to the STG coin (Stargate) unified liquidity pool.
STG coin (Stargate) transfers have immediate guaranteed finality; transfers submitted on the source chain are guaranteed at the destination.
fluidity
Add liquidity to Stargate’s Omnichain protocol and earn stablecoin rewards on every Stargate transfer.
Liquidity providers can also earn STG token rewards by farming their LP tokens.
Farm
Stargate liquidity providers can farm their LP tokens in exchange for STG rewards.
Earn STG and become part of the Stargate community.
Bet
STG holders can lock their STG tokens to receive Stargate’s governance token veSTG.
The longer users stake STG tokens, the more veSTG they receive.
STG coin (Stargate) functions:
What practical uses does Stargate token have as a reward mechanism in the system to balance the system?
Oracle: Will have its own security mechanism and architecture, and can be compensated by running the oracle;
Relay network: There will be a small fee as a reward for the transmission of each message. Most of the handling fee will be returned to the repeater, and a small portion will be returned to the network.
The team mentioned: "There may be a bonding system, so that each relayer will have an insurance fund, and some handling fees will flow into this insurance fund. It would be even better if users can also jointly maintain the network through the bonding system and receive rewards at the same time."
Promote asset transfer between chains through interaction with contracts: users will be encouraged to trade native tokens between different chains in the form of discounts.
At present, the stg short-line has broken through the first parallel box and entered the upper edge of the second box. The resistance level is relatively obvious. Let's see if it can break through next.
The mid- to long-term recommendation rating is 7 stars out of 10. It is recommended to hold. Those with good skills can operate in waves to lower costs and increase chips.
Pay attention to new strategies and don’t get lost in the bull market!
