Here are the top 10 things you need to know about #Stargatefinance
$STG has all been all the hype lately 🚀
I recently wrote a long 101 on #stargatefinance & $STG. Here is the TL/DR
A thread 🧵 👇
$STG has all been all the hype lately 🚀
I recently wrote a long 101 on #stargatefinance & $STG. Here is the TL/DR
A thread 🧵 👇
1. Crypto is becoming multi chain. However, There does not exist a proper solution for bridging native assets between chains.
2. Current cross chain bridges have a couple of key problems - they rely on intermediate or wrapped tokens, they can only support a small, limited number of chains.
3. Bridges have had to choose between instant guaranteed finality, unified liquidity and native assets. This is known as the bridging trillema
4. Innovative platforms like Layerzero now allow for consistent, reliable two way communication between chains.
5. Startgate uses this tech to solve the bridging trillema.
6. Stargate uses this thing called the delta algorithm that allows for native pools, instant guaranteed finality and unified liquidity.
7. Stargate greatly increases the efficiency for LPs and is easily scalable. LPs can earn on all incoming transactions, no matter what source chain.
8. Using Stargate, users can swap between chains with just 1 click, without ever leaving their swap's UI
9. $STG is the reserved currency. $STG is backed by fiats, but it is not pegged to any of them. It is backed by a basket of assets.
10. $STG token has no minting cap. But it can only be created from minting/bonding and profit distribution by staking.
11. I hope this $STG 101 tldr was insightful, a retweet would mean a lot!
Read the full 101 here:
Read the full 101 here:
https://mobile.twitter.com/Cov_duk/status/1507203458419466240
12. Accounts to follow for $SGT insights:
@PrimordialAA @0xMaki
@ryanzarick @russellhmsmith
@0xTangle @JoeyBrander
@StargateFinance @kamikaz_ETH
@Delphi_Digital @EatCookCryptos
@0xCasio @CurveCap @MessariCrypto @pronewchaos
@CoastalDegen @WhenWeak
RT would mean a lot!
@PrimordialAA @0xMaki
@ryanzarick @russellhmsmith
@0xTangle @JoeyBrander
@StargateFinance @kamikaz_ETH
@Delphi_Digital @EatCookCryptos
@0xCasio @CurveCap @MessariCrypto @pronewchaos
@CoastalDegen @WhenWeak
RT would mean a lot!
13. Accounts to follow for $SGT insights:
@hansolar21 @100y_eth @Dynamo_Patrick @jedihornet
@Momentum_6 @0xHelix
@bitfloorsghost @seyitaylor
@Artimud @DigitsCapital
@Sicarious_ @AlamedaTrabucco
@martinkrung @DefiMoon @KartelCrypto @JackNiewold
@gametheorizing
RT would mean a lot
@hansolar21 @100y_eth @Dynamo_Patrick @jedihornet
@Momentum_6 @0xHelix
@bitfloorsghost @seyitaylor
@Artimud @DigitsCapital
@Sicarious_ @AlamedaTrabucco
@martinkrung @DefiMoon @KartelCrypto @JackNiewold
@gametheorizing
RT would mean a lot
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