Stargate Re-poster
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Stargate Re-poster
The Best Bridge in DeFi.
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Back in March 2022, Stargate V1 debuted as the very first application created on LayerZero. It broke new ground by introducing unified liquidity alongside instant, guaranteed finality for native asset transfers. While Stargate V2 will proudly carry this innovative mission into the future, it is time to transition away from our original platform.
The LayerZero Labs V1 Relayer is scheduled for deprecation on December 15th. Because of this upcoming change, all Stargate V1 pools will cease operations. Please rest assured that this event exclusively affects the first version, meaning Stargate V2 and Stargate Hydra will continue to function normally without any interruption.
To ensure a smooth and easy experience for our community, we are pleased to offer zero fee withdrawals to all users. Implementing this feature requires us to temporarily halt Stargate V1 messaging for approximately two weeks. Following this brief pause, the Stargate V1 pools will reopen completely free of withdrawal charges. They will stay accessible right up until the Relayer shuts down entirely on December 15th. If you currently hold LP positions in Stargate V1, we kindly request that you completely remove your assets before that final deadline.
The LayerZero Labs V1 Relayer is scheduled for deprecation on December 15th. Because of this upcoming change, all Stargate V1 pools will cease operations. Please rest assured that this event exclusively affects the first version, meaning Stargate V2 and Stargate Hydra will continue to function normally without any interruption.
To ensure a smooth and easy experience for our community, we are pleased to offer zero fee withdrawals to all users. Implementing this feature requires us to temporarily halt Stargate V1 messaging for approximately two weeks. Following this brief pause, the Stargate V1 pools will reopen completely free of withdrawal charges. They will stay accessible right up until the Relayer shuts down entirely on December 15th. If you currently hold LP positions in Stargate V1, we kindly request that you completely remove your assets before that final deadline.
Here is the latest update on our repurchase activity. For the month of February, the buyback amounted to 146,430 ZRO. With this latest addition, the cumulative number of tokens repurchased to date has reached 1,495,039 ZRO.
Under the current framework, revenue generated by Stargate is distributed equally, maintaining a 50/50 split between ZRO buybacks and veSTG stakers. However, please be aware of an upcoming adjustment. Commencing next month, the allocation will shift so that 100% of Stargate revenue is dedicated exclusively to ZRO buybacks.
Under the current framework, revenue generated by Stargate is distributed equally, maintaining a 50/50 split between ZRO buybacks and veSTG stakers. However, please be aware of an upcoming adjustment. Commencing next month, the allocation will shift so that 100% of Stargate revenue is dedicated exclusively to ZRO buybacks.
We are excited to announce that @flyingtulip_ is now supported on Stargate. You can start bridging $FT immediately across the Sonic, Ethereum, BNB, Avalanche, and Base ecosystems.
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