Stargate Finance

Stargate continues its growth with **12 new OFT tokens** added this week, alongside the opening of **30+ new bridging pathways**. This follows the successful integration of @usualmoney's $USD0 and $USD0++ tokens on Ethereum and Arbitrum networks. **How to Bridge OFTs:** - Visit [Stargate Bridge](https://tinyurl.com/USD0onStargate) - Connect wallet - Select amount - Complete bridge transaction Stargate maintains its position as the primary platform for OFT operations, offering streamlined bridging solutions across multiple chains.

A Stargate DVN encountered scaling problems causing transaction processing delays. The team confirms: - All delayed transactions have been fully processed - No user funds were at risk during the incident - Infrastructure improvements are being implemented - A detailed post-mortem report is forthcoming - Recommendations will be presented to StargateDAO The Stargate Foundation acknowledges the impact on users and is working to strengthen the protocol's performance during peak periods. Users with ongoing concerns can contact the Foundation through official channels.

Stargate's Hydra protocol has integrated Circle's Bridged USDC Standard across all deployments, marking a significant advancement in cross-chain liquidity solutions. Key updates: - Enables consistent cross-chain liquidity for all ecosystems - Provides potential pathway for native USDC integration - Addresses key challenge of seamless stablecoin liquidity for new chains Recent implementation: - LightLink Chain now utilizing Hydra for canonical stablecoins - Support for USDC, USDT, and ETH bridging across all Stargate-enabled chains *Integration resources available through Stargate's documentation and Circle's technical guidelines.*

Ethena Labs continues its multi-chain expansion by integrating with Swellchain, Swell Network's restaking chain. Key developments: - USDe, sUSDe, and ENA tokens now available on Swellchain as Optimistic Fraud Proofs (OFTs) - Integration powered by LayerZero protocol - Accessible through Stargate bridge interface This follows Ethena's broader omnichain strategy, which has already seen $1.8B in assets deployed across multiple networks including Ethereum, BNB Chain, Arbitrum, and others. *Bridge your assets now through Stargate's interface.*

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.