| General information | |
|---|---|
| Global rank: | 484 |
| Name: |
Stargate Finance |
| Symbol: | STG |
| Current coin price (ERN): | 4.91 ERN |
| Last hour: | arrow_upward0.590 % |
| Last 24 hours: | arrow_downward-3.70 % |
| Last 7 days: | -2.49 %trending_down |
| Capitalisation (ERN): | 1 003 670 250.00 ERN |
| Volume 24h (ERN): | 155 623 965.00 ERN |
| Available supply: | 204 338 417.00 STG |
| Total coin supply: | -1 STG |
| Start date: | 2022-03-17 |
Stargate Finance/Eritrean Nakfa (STG/ERN) price chart
Stargate Finance/Eritrean Nakfa (STG/ERN) capitalisation and volume charts
Stargate Finance (STG) is a decentralized platform positioned at the core of Omnichain Decentralized Finance (DeFi). Its native token, STG, plays a critical role in the platform's operation, while veSTG, a variant of STG, serves as the governance token for Stargate. Notably, Stargate is the first platform that addresses the bridging trilemma, providing Instant Guaranteed Finality, Native Assets, and Unified Liquidity.
Stargate Finance offers a solution for seamless cross-chain liquidity transfers. This feature allows both users and decentralized applications (dApps) to transfer native assets cross-chain while tapping into the unified liquidity pools of the protocol with immediate guaranteed finality. STG token holders can stake their tokens to receive veSTG, thereby participating in Stargate's governance.
The initial three-year STG token allocation is strategically divided into 17.50% each for core contributors and investors, and a substantial 65.00% for the community. This allocation is aimed at realizing the protocol's vision. The community's portion is subdivided among the launch (15%), launch auction purchasers (10%), a pool on Curve.fi (5%), a bonding curve post-launch (15.95%), an initial emissions program (2.11%), and DEXs on multiple platforms (up to 1.55%). The remaining 30.39% is reserved for future community initiatives, ensuring the long-term success of Stargate.
Stargate Finance was co-founded by Liat Sheba, who presently holds the position of CEO in the platform. More detailed information regarding the entire team or other co-founders is not provided.