Stargate Finance

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.

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.