Stargate Finance

Ondo Finance has integrated LayerZero's OFT standard for its tokenized US Treasury product ($USDY), enabling secure bridging between **Ethereum**, **Arbitrum**, and **Mantle** networks. This institutional-grade solution emphasizes security-first architecture, allowing users to transfer tokenized treasury assets across multiple blockchains. Key Features: - Leverages LayerZero's OFT standard - Available on three major networks - Focuses on institutional-grade security - Accessible through Stargate bridging interface Users can now bridge their $USDY tokens through the dedicated Stargate platform interface.

LayerZero Core has launched **lzRead**, a new protocol enabling developers to access and compute historical blockchain data across multiple chains through a single function call. Stargate, an early adopter of the technology, plans to implement lzRead for: - Omnichain asset verification - Cross-chain reward distribution This development follows industry trends toward improved cross-chain data accessibility, similar to ChainLight's Relic Protocol v2 on zkSync Era launched in late 2023.

PayPal's stablecoin PYUSD has expanded its cross-chain functionality through LayerZero integration, enabling transfers between Ethereum and Solana networks. Key updates: - Users can now transfer PYUSD between Ethereum and Solana via Stargate - Integration aims to provide secure and seamless cross-chain transactions - Builds on PayPal's earlier Solana integration from May 2024 This development marks a significant step in PayPal's blockchain strategy, making their stablecoin more accessible across multiple networks.

The PEAQ token ($PEAQ) is now accessible through Stargate's cross-chain bridging protocol. Users can transfer their PEAQ tokens seamlessly between Ethereum and the peaq network. - Bridge now live and operational - Supports bi-directional transfers between Ethereum and peaq - Utilizes Stargate's OFT (Omnichain Fungible Token) technology This development marks a significant step in expanding PEAQ's accessibility across blockchain networks, enhancing the token's utility in the Machine Economy ecosystem.

Stargate announces deployment of Hydra to Story Protocol's Odyssey Testnet, expanding cross-chain capabilities: - Enables bridging of stablecoins ($USDC, $USDT) and $WETH across all Stargate-connected chains - Provides canonical stablecoins for Story Protocol ecosystem - Unlocks true liquidity interoperability for users and developers This follows recent integration with LightLink Chain and USD0 expansion on Ethereum and Arbitrum. *Developers interested in building omnichain experiences can access documentation at Stargate's GitBook.*

LayerZero Core is persistently advocating for the development of Omnichain technology. This cross-chain interoperability solution aims to create a seamless network of blockchains, enabling fluid communication and asset transfer between different chains. Key points: - LayerZero Core continues its 'Build Omnichain' campaign - Focus on enhancing cross-chain interoperability - Goal: Create a unified blockchain ecosystem The repeated messaging suggests an ongoing commitment to this technology, potentially indicating progress or new developments in the Omnichain space. Interested in blockchain interoperability? Stay tuned for more updates on LayerZero's Omnichain initiatives.

Stargate's four-week campaign with Taiko has concluded, showcasing significant growth in the ecosystem. Key highlights:n n- Stargate native assets USDC.e and USDT.e saw over 4x increase in TVLn- Taiko users now experience less fragmented liquidity and improved native DeFin- Participating protocols like Ritsu, OKU, iZUMi Finance, MeridianFi, and KiloEx saw substantial TVL increasesn nThe campaign demonstrated the strength of the Taiko community and the potential for growth in the Based DeFi ecosystem. Stargate expressed gratitude to partners and looks forward to continued support of the Taiko ecosystem while focusing on expanding Stargate native assets across various networks.n nThis successful collaboration highlights the ongoing development and integration within the web3 space, particularly in DeFi and cross-chain liquidity solutions.

Flare Networks has officially launched on Stargate, marking a significant development in the blockchain space. Users can now leverage Hydra to seamlessly bridge USDC, USDT, and ETH into Flare with zero fees. This integration is part of the #FLRfiSummer initiative, a collaborative effort between Stargate Finance and Flare Networks. Key points: - Flare Networks now live on Stargate - Zero-fee bridging for USDC, USDT, and ETH - Utilizes Hydra for seamless transfers - Part of the #FLRfiSummer campaign This launch follows recent developments, including KaiaSwap's introduction of incentives for Stargate Hydra assets and the ability to bridge into Klaytn with unlimited size and zero fees via Stargate.

Stargate, powered by Hydra, has been deployed to Ebi, facilitating the free and instant transfer of canonical USDT from Ethereum, BNB Chain, and Arbitrum into Ebi. This deployment allows users to bridge unlimited amounts with zero fees from all Stargate-connected chains. The launch marks a significant step in Stargate's V2 rollout, enhancing cross-chain liquidity and interoperability. This development follows recent Stargate launches on other networks, including IOTA EVM and Taiko, further expanding the protocol's reach and utility across multiple blockchain ecosystems.

Coinbase Wallet has announced the launch of Smart Wallets, a new feature designed to onboard the next billion users to blockchain technology. As a launch partner, Stargate, a liquidity transport protocol for Omnichain DeFi, aims to help these new users navigate the Omnichain landscape. Users can learn more about Smart Wallets by watching the provided video or trying the feature themselves.