Stargate
-
Stargate Cross Chain Liquidity Protocol Reports Record Monthly Transaction Volume of Over $1 Billion
On April 15th, Stargate, a cross chain liquidity protocol based on LayerZero, posted on social media that its monthly cross chain transaction volume exceeded $1 billion for the fir
-
Stargate DAO Recommends Against Reissuing STG Tokens
On March 13, Stargate, a cross-chain liquidity agreement based on LayerZero, tweeted that the Stargate Foundation recommended DAO not to reissue STG tokens. After the bankruptcy of FTX last year, the FTX/Alameda wallet suffered from key leakage or internal problems, and was attacked by hackers and lost about $500 million. The FTX liquidator will eventually transfer all assets to the new wallet, and the key will not be leaked to hackers. Stargate DAO believes that the key of the wallet is likely to be leaked and shared between FTX liquidator/Alameda and hackers, and proposes to reissue STG tokens to transfer these funds out of the wallet. The Stargate Foundation advised the DAO not to reissue STG tokens, and the FTX liquidator may seek compensation Analysis based on this information:Stargate, a cross-chain liquidity agreement based on LayerZero, recently tweeted that the Stargate Foundation recommended against reissuing its STG tokens. This decision is based on the belief that the key to the…
-
OpenOcean Integrates Stargate to Expand Cross-Chain Transaction Aggregator Paths
It is reported that DEX and CEX transaction aggregation protocol OpenOcean have integrated Stargate as one of their cross-chain transaction aggregator paths. O…
-
Velodrome proposes to make Stargate the STG Hub on Optimism
It is reported that Velodrome, the AMM agreement on Optimism, launched the proposal of Make Velodrome the STG Hubon Optimism on Commonwealth to increase the li…
-
Cross-Chain Liquidity Agreement Stargate Proposes Introducing GSR as a Market Maker
On February 15, Stargate, a cross-chain liquidity agreement based on LayerZero, launched a proposal to introduce GSR as a market maker and allocate 8 million S…