About Stargate Finance (STG)
Stargate is a community-driven organization with a purported focus on building the first dApp built on LayerZero and a "fully-composable" native asset bridge. The $STG token powers Stargate and its live price is live-tracked on Binance.
Stargate offers DeFi users to swap native assets cross-chain in a single transaction, rather than going through bridges with multiple transactions and incurring multiple gas, transaction, and platform fees.
Platform features include its LayerZero transfers, pools farm, and staking. Transfers of non-STG tokens on Stargate are subject to a.06% charge. Depending on how unbalanced the source and destination transfer pools are compared to the pool's equilibrium weights, a pool rebalance fee might also apply to Stargate transfers. Transfers of STG tokens are exempt from the pool rebalancing cost.
Stargate users can also purportedly earn stablecoin rewards on every transfer by adding liquidity to token-chain polls such as USDC-Ethereum. Furthermore, liquidity providers can earn STG tokens by allocating Stargate LP tokens to the Stargate farm.
Day-to-day operations of the protocol are handled by the Stargate Foundation, including managing partnerships with other DeFi protocols, grants to contributors, and marketing strategies. Governance of the protocol is done through a decentralized autonomous organization, StargateDAO.
StargateDAO enables token holders to have a weighted voter on issues like incentives, integrations, distribution of emissions to stablecoin liquidity providers, tokenomics, and the overall protocol development.
Stargate Finance STG tokens serve as the foundation of StargateDAO, enabling token holders to vote on the direction of the platform's development in addition to being used for transfer fees. The current price of STG is available and updated in real-time on Binance.
