Digital token trading platform Bitfinex has launched new markets for stargate ($STG), the native utility and governance token of the Stargate Finance ecosystem.
STG:USDT and STG:USD will be listed on Bitfinex in April. STG provides users with a variety of benefits, including as a reward for liquidity providers for funding Stargate Protocol operations, receiving veSTG after locking STG tokens and obtaining access to Stargate’s governance token.
Stargate is a cross-chain liquidity protocol that enables dApps and decentralised finance (DeFi) participants to transfer native assets cross-chain. Designed to be a fully composable cross-chain bridge protocol, Stargate removes the need to rely on intermediate tokens and instead allows for the creation of smart contracts on destination chains with instant finality. With $2.31 billion total value locked (TVL) as of April 20, 2022 protocols such as Stargate aim to usher in the next generation of simplified cross-chain liquidity transfers that will only require a single transaction.
