Revolutionizing Liquidity Management with Stargate V2: A Game-Changing Advancement in DeFi
In the ever-evolving realm of decentralized finance (DeFi), the liquidity of assets is paramount to the development of dynamic and thriving Web3 ecosystems. We are delighted to announce the integration of IOTA EVM into the liquidity transport protocol, Stargate V2. This integration serves as a bridge, connecting IOTA EVM with the broader Web3 space. With Stargate V2, users can expect seamless cross-chain transactions, improved operational capabilities, and unified liquidity pools that enhance trading efficiency and eliminate the asset fragmentation commonly seen in other bridge solutions.
Exciting news awaits the future of DeFi! We are thrilled to unveil the integration of IOTA EVM by Stargate Finance in their V2 release. Brace yourself for reduced bridging fees, enhanced trading efficiency, and expanded cross-chain capabilities! Discover all the details in the thread below.
Omnichain Support from LayerZero
Stargate utilizes the advanced capabilities of LayerZero V2, an omnichain interoperability framework designed for efficient inter-chain communication. This infrastructure empowers applications built with LayerZero to provide users with seamless interactions across various blockchain networks and environments. As a result, the user experience and operational efficiency are significantly enhanced.
Bringing Omnichain DeFi to Life
Stargate is a fully composable liquidity transport protocol that enables users and decentralized applications (dApps) to transfer native assets across different chains and access unified liquidity pools. With the introduction of Stargate V2, several advancements and features come into play. The Multi Transaction Model allows users to choose between paying the full cost for immediate execution of a transaction or batching their transaction with others, thus reducing costs by a staggering 95% compared to Stargate V1.
Moreover, Stargate’s AI Planning Module dynamically adjusts fees and rewards to balance Stargate Pools across all chains without controlling any funds or assets. The new Hydra Extension enables the seamless transfer of WETH, USDC, and USDT between all Hydra-enabled chains, making them globally redeemable to native assets on core Stargate chains.
A Bright Future for the IOTA Ecosystem
Over the past 12 months, Stargate has emerged as the dominant player in the Web3 interoperability space, accounting for up to 50% of the daily interchain transaction volume on multiple occasions. It has proven to be the most reliable and widely used bridge protocol, thereby opening up IOTA EVM to a vast user base of advanced Web3 DeFi enthusiasts.
Collaborating with the Stargate Foundation to bring this integration to life was a crucial step in preparing for the launch of our EVM. As Stargate V2 was unveiled on May 29, 2024, IOTA EVM became the first chain to expand the protocol’s reach beyond its initial launch. With significantly reduced bridging fees, the elimination of liquidity pools, and the advantages of LayerZero’s OFT technology, Stargate V2 sets a new standard for the user experience and execution of cross-chain transactions.
The integration of IOTA EVM with Stargate V2 marks a significant expansion of IOTA’s cross-chain communication capabilities and offers new opportunities for dApps and developers to participate in an ever-growing, interconnected DeFi world.
Tags: IOTA