Stargate Finance attracts $1.9B in six days

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stargate Finance became a top 10 DeFi project in 6 days, following news that Alameda Research purchased all outstanding pre-launch tokens at auction.

Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked in less than a week after launching.

The rapidly growing TVL is probably down to the"up to 26% APY" being offered farming stablecoin deposits. In a Twitter thread to his 150,000 followers, Trabucco announced that Alameda Research had purchased all available Stargate tokens that were auctioned off during Stargate’s launch on March 17.auction, and I wanted to clarify a few things about Alameda's involvement.According to LayerZero, the protocol that Stargate runs on, 10% of the total supply of STG or 100 million tokens, were auctioned off to generate liquidity across the seven blockchains that Stargate is launching on.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good result!

Altbase is next in line as a widely use mode of payment 📌 AltbaseApp CryptoNews Crypto Gem

traderwagon TraderWagon Affiliate Program Launched!🎉 Enjoy up to 35% commission rate + an extra $50,000 monthly bonus if you join now and become a TraderWagon Affiliate!🔥 Become an affiliate 👉🏻

Look no further, I found the next big thing in the world of gambling crypto. MetaBetcasino is here to shake up the market 💯💹.

Time to eat the dip. Check out MetaBetcasino while it's still super new.

Two huge partnerships prior to CMC listing, be early DYOR 🚀🔥🚀 SHIDOSAMURAI SHIDOINU 🥷⚔️

Duel Soccer is live!⚽ Play now!🎮 Yes, with your special NFT character.😉 🔗 DuelNetwork BSC P2E

Anyone got any hidden gems? I do! MetaBetcasino!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines