Traditional cross-chain methods have several disadvantages, such as long time, high risk, and expensive costs. However, by using LayerZero technology, Stargate has aggregated on-chain liquidity. Cryptocurrency researcher Jake Blockinghor has written a comprehensive interpretation of Stargate from aspects such as revenue, treasury, token economics, lock-up funds, and use cases.
Stargate is a full-chain protocol built on LayerZero, allowing users and dApps to perform local asset cross-chain transfers while accessing the protocol’s unified liquidity pool with instant finality guarantee. In the past 30 days, Stargate’s revenue has grown 37%, reaching $1.47 million, with a daily revenue of approximately $4,700. Stargate’s treasury holds assets totaling $264.8 million, including 79% STG, 20% stablecoins, and 1% other assets.
STG is the native and governance token of Stargate, used for providing liquidity, participating in protocol governance, and staking to earn veSTG. Stargate also uses a time-weighted reward system to incentivize long-term staking. The longer the tokens are staked, the more veSTG tokens investors receive. Non-STG transfers through Stargate incur a fee of 6 basis points, with 4 basis points going to the treasury, 1 basis point to veSTG holders, and the remaining 1 basis point provided to liquidity providers.
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The maximum supply of STG is 1 billion, currently valued at $113 million with an FDV of $553 million. 65% of the total token supply has been unlocked, with all tokens to be fully released by March 2025. Additionally, in April 2023, Stargate announced its latest roadmap, focusing on expanding to more chains and asset integrations.
Reference: https://twitter.com/jake_Blockinghor/status/1669440563383513089
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