Stargate Finance

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.

Stargate has announced the launch timelines for its V2 protocol. On May 27th at 12:00 PM UTC, V2 pools and incentives will go live, allowing users to deposit liquidity and earn rewards. On May 28th at 12:00 PM UTC, V2 bridging will be enabled. The V2 codebase has undergone audits by four independent groups. Stargate V1 pools will have their incentives gradually reduced over the next few months, and users can choose to withdraw liquidity. Developers building on V1 are advised to migrate to V2 to avoid potential liquidity constraints. Full documentation will be available on May 28th.

Ether.fi, a decentralized finance platform, has launched its native Layer 2 restaking module and made weETH, its wrapped Ethereum token, an Omnichain Fungible Token (OFT). This integration allows weETH to be bridged across multiple blockchain networks using Stargate, a liquidity transport protocol for omnichain DeFi. Ether.fi has added a tutorial to its documentation on how to use Stargate for bridging weETH.

The StargateDAO has approved the proposal for the deployment of Stargate V2, the next major upgrade to the Stargate liquidity transport protocol. Stargate prioritizes security, and V2 has undergone rigorous review by five independent audit groups. The final round of audit cycles will be completed this week, and barring any critical feedback, Stargate V2 will go live following the audits. Stargate is a fully composable liquidity transport protocol at the core of Omnichain DeFi.

Ethena Labs, a decentralized finance (DeFi) protocol with $1.8 billion in total value locked, has announced its expansion to multiple blockchain networks. Users can now bridge Ethena's over-collateralized stablecoins, $USDe and $sUSDe, across Ethereum, BNB Chain, Arbitrum, Optimism, Mantle, Kava, Mode, Metis, Fraxtal, Scroll, and Manta networks using the Stargate user interface. Stargate is a liquidity transport protocol that facilitates cross-chain transactions in the DeFi ecosystem.

Stargate's @Aptos bridging campaign has successfully bridged over $150M on the AptosBridge. They are joined by 10 major DeFi protocols on Aptos. Various projects like Thala Labs, Econia Labs, Aptin Labs, Amnis Finance, Aries Markets, Cellana Finance, Pontem Network, Merkle Trade, Kana Labs, and PancakeSwap are actively participating and integrating with the AptosBridge.

Stargate Finance has removed bridging limits on TheAptosBridge following a proposal by the Aptos Foundation. They are launching the Aptos Campaign to promote education, exploration, and incentives in the Aptos ecosystem. Users can now bridge assets into Aptos for free and will receive rewards for bridging. Additionally, bridging out of Aptos has been made faster with reduced block confirmations. The campaign aims to unify liquidity, remove asset fragmentation, and make DeFi more user-friendly. Be on the lookout for educational resources and incentives coming your way.

The Stargate $mETH pools are now live, filled with 10,000 $mETH for users to participate in the @0xMantle ecosystem by fast-bridging between Ethereum and Mantle.

First-time users bridging into Mantle via Stargate will receive 1 $MNT directly to their wallet to subsidize initial transactions. Check out the tutorial from Mantle for more information.

After a GMX DAO vote, $WBNB has been deployed as an OFT on Arbitrum and Avalanche. Users can now bridge their $WBNB from BNB Chain. Stay updated with @GMX_IO, @TraderJoe_xyz, @RDNTCapital, and @CamelotDEX for usage opportunities.