What is Stargate Finance (STG)?
Stargate Finance is a cutting-edge liquidity transport protocol that plans on offering a composable native asset bridge. One of the unique features of the protocol is its omnichain implementation. By offering the STG token, its native asset, the platform intends to improve its quality in services such as staking, native coin transfer, and providing liquidity. The STG represents a big step towards an omnichain future as it will probably be the very first Omnichain Fungible Token (OFT) that can migrate between all chains, unhindered. You can see the latest STG price on the Stargate Finance price chart above.
The platform's creators have ensured that both novice and seasoned investors may easily comprehend the platform's structure and presentation. Stablecoins are the major emphasis of Stargate Finance since they lower the danger of losing a substantial chunk of money. Besides, users can also generate significant profits thanks to integrated liquidity pools and robust farming tools. The Stargate protocol allows users to directly supply liquidity, for which they are rewarded with stablecoins. Also, note that users can swap assets cross-chain at a 1:1 ratio using the Stargate liquidity pools.
Use Cases of STG
For starters, users can stake STG tokens to get veSTG, which entitles them to vote in governance. This means that veSTG holders can participate in the decision-making processes concerning the future development of the Stargate Finance crypto project.
Besides, they also get additional incentives if they keep their veSTG tokens locked for a long time. In fact, the Stargate protocol employs a form of time-weighted method that raises the number of veSTG tokens in proportion to the length of time the tokens are locked.
Additionally, STG tokens can be earned by farming LP tokens received from providing liquidity to Stargate liquidity pools.
Who Founded Stargate Finance?
Liat Queen Sheba is the founder and CEO of Stargate Finance. With more than a decade of experience in managing and leading cross-organizational tech projects around the world, she is a well-known leader in developing new solutions for fintech businesses in different countries, especially in Africa.
Tokenomics of STG
The max supply of Stargate Finance coins is 1 billion. The fixed supply helps to keep the asset more scarce, which might reflect positively on the Stargate Finance price.