Stargate Finance

What is Stargate Finance? Stargate cross-chain bridge detailed user manual

Stargate Finance is a cross-chain protocol built on LayerZero that makes it possible for users to transfer and swap native tokens across the chain instead of wrapping tokens with a single transaction. This increases the security of the user’s assets as well as the protocol itself.

The basics of Stargate

• Website: stargate.finance
• Category: Cross-chain Bridge
• Supported Chains: Ethereum, Arbitrum, Avalanche, BNB Chain, Polygon, Optimism, Fantom
• Supported Wallets: Metamask, Coinbase Wallet, Wallet Connect,…
• Feature: Bridge, Provide Liquidity, Yield Farming, Stake
• Audit: Zokyo, Quantstamp, Zellic
• Availabilities: Website

The advantages of Stargate

Stargate is the first product developed on LayerZero, an improvement in technology that can solve outstanding problems in bridge protocols in the market such as:

• Guaranteed transaction results: Users and applications can be assured that the data sent by transactions in the source chain will be brought to the destination chain intact.
• Native assets: Users and applications can swap cross-chain original assets instead of wrap assets.
• Unified liquidity: The sharing of access of separate Liquidity Pools across the chain creates deeper liquidity for users and applications.

Stargate Bridge User Guide

Bridge (Transfer)

1. Go to stargate.finance and connect the wallet. Then select Transfer.

   

2. At the Transfer interface, select the source string and the asset you want to transfer in the From section and the destination string and the asset you want to receive in To. Then, fill in the number of assets you want to use, the protocol will calculate the amount of assets that you will receive in the destination chain. Finally, select Confirm transfer to confirm the transaction.

   

Note:

• The transaction will take some time to complete (~5′)
• Users can customize the slippage rate and gas consumption charges in the target stringCustomize in the Transfer feature

  

Provide Liquidity (Pool) and Yield Farming

1. Visit stargate.finance/pool or select Pool on the homepage. Stargate will display the number of available assets and suitable pools so that you can personally participate in stakes.

   

2. Select the desired Liquidity Pool and fill in the number of assets you want to participate in providing liquidity and select Add.

   

3. After successfully executing a trade, choose Go to farm to increase profits when providing liquidity.

   

4. Here the protocol will display the number of assets you have provided. Users will need to fill in the number of stakes to increase profits and select Add StakeSelect Add Stake to farm

   

5. When you want to withdraw assets, users will also go through two steps: Unstake and Remove Liquidity. When withdrawing liquidity, users can also choose any chain to receive without going through another bridge step.

   

Stake

Stake is the process of locking STG – the native token of Stargate to receive veSTG. When holding veSTG, users can receive rewards and hold voting rights on the development of the project. Users can choose to lock STG tokens from 1 month to 3 years, the longer the lock time, the more tokens users receive.

Conclusion

Stargate Finance’s products provide users with an efficient and simple way to rotate while ensuring safety. The project has been building a certain trust in the user community and is constantly growing strongly.