Stargate V2 Launch: DeFi's Cheapest and Most Interoperable Bridge
Stargate Finance has announced the launch of Stargate V2, a major upgrade to its decentralized finance (DeFi) bridging protocol. Stargate V2 introduces capital-efficient liquidity pools with deep liquidity and low slippage across all supported chains. It also introduces Hydra, a bridging-as-a-service solution offered to any blockchain network. The launch timeline involves a 24-hour liquidity migration period starting on May 27th, 2024, at 12:00 PM UTC, when V2 pools and incentives will go live. On May 28th, 2024, at 12:00 PM UTC, V2 bridging will be enabled. The Stargate V2 codebase has undergone multiple independent audits, and the Stargate DAO is voting on launching a $10M bug bounty program. Stargate V1 pools will have their incentives gradually wound down over the next few months, but users can choose to keep their liquidity in V1 pools.