stargate crypto layerzero

It will open for swaps at $0.50 per STG token. The 100 million stargate tokens sold during the auction will be frozen for up to a year followed by another six months of linear vesting. If it secures a Coinbase listing, Stargate crypto could explode as a result of the Coinbase effect. LayerZero can handle cross-chain transfers and cross-chain swaps, where both assets are on their native blockchains. Even if you create LayerZero, which is a new communication primitive, you would still want a way to transfer assets from one chain to another. LayerZero is not a Layer 1 (no shit). The LayerZero platform prepares for the launch of the Stargate cross-chain bridge. It truly is 0-1 technology that will forever change the landscape of how crypto operates over the course of the next few years. Stargate is the layer that tells both chains what to do with that data, and bundles it up in one transaction. It means you could either use the 100m TVL bridge (if they support your asset in the first place), or swap your asset to a supported one on the 1B TVL Bridge, then bridge, then swap back to the asset you wanted on the other chain. The transaction's payload is a message. Disclaimer: This is my very first substack and I went into quite the heavy subject (if I do say so myself) so if there were some things you thought were conceptually incorrect, please send me a DM on twitter @Buhlaque. It works like this: There is Transaction A on Chain 1, a communication protocol between Chain 1 and Chain 2, and a message being sent across. Stargate does not only achieve this, but allows much more than that. Give it a read, trust me. 0xMaki took over the decentralized exchange in 2020 before stepping down toward the end of last year. The team touted Stargate as the first to solve "the bridging . You aint using that shit. So, what is ZRO? Well thats life son. Neat right? This is what has created the PITA bridging problem I mentioned in my boring paragraphs above. You could create a DEX that has the ability to trade any native asset on any single chain (which is somewhat already happening but currently only for stables right now).While there are many use cases for LayerZero, it would seem as if Stargate is the first and most logical choice. As stated on the website: ZRO is An omnichain interoperability protocol that enables the realization of cross-chain applications with a low-level communication primitive. If you dont have gas, you usually have to either get the native gas token from a CEX or bridge a wrapped version of it. You could create a DEX that has the ability to trade any native asset on any single chain (which is somewhat already happening but currently only for stables right now). You could (theoretically) create a composition of smart contracts on the source chain, have those assets transferred (within the source chain contracts) to the destination chain, and have those assets interact with another composition of smart contracts on the destination chain, all wrapped into a single transaction. It is a liquidity protocol that leverages LayerZero's generic messaging to enable cross-chain liquidity transfers in native assets. 2. Each chain must have an LayerZero endpoint for this to work. In order to use that MATIC on the Polygon network, you'd first have to use an Ethereum-to-Polygon bridge. Given that Stargate is currently the only LayerZero powered protocol and a TVL of $3.5bn the future is looking. Layer Zero seeks to solve the bridging trilemma by allowing for cross-chain communication that is cheap, reliable, and secure. There is this thing called the bridging trilemma which basically entails that a bridge cannot offer all three of these things: 1. So technically, if that bridge gets hacked, your wrappedTokenA on AVAX isnt worth anything because the native token that backs it on ETH, is now gone. Stargate will go live on seven chains compatible with the Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, Polygon, BSC, Fantom, Arbitrum and Optimism, shortly after the token sale. This is guaranteed finality by combining an Oracle (Stinky Linkies) which provides the block header and a Relayer which provides the proof. LayerZero hon thnh khon ti tr tr gi 6 triu vo thng 9 nm ngoi. Stargate Finance LayerZero Labs Bryan Pellegrino, Caleb Banister Ryan Zarick Stargate Finance .. You can buy the STG token on FTX, KuCoin, Gate, Uniswap, and PancakeSwap. I simply do not have the brain capacity to be as detailed about Stargate as I was about LayerZero because in all honesty, LayerZero is simple but elegant because its just a base layer. The other supported blockchains are Polygon, Optimism, and Arbitrum. A few examples of what you could do with this:1. In the future, Stargate will integrate cryptos that are not stablecoins. This article is going to be aimed at forming a concise but thorough deep-dive into what LayerZero actually is, the problem that it solves, how it solves it, as well as what Stargate is, and the difference between the two. For your security, we need to re-authenticate you. Each chain must have an LayerZero endpoint for this to work. LayerZero is not a Layer 1 (no shit). Off-chain relayers send the message and proof that the transaction was mined to the target blockchain. LayerZero is not a bridge in a general sense. "LayerZero's rapid rise to unicorn status is unusual for startups of the era," writes Kate . They released a whitepaper that contained their Delta algorithm on how all of this works and I am way too [redacted] to even begin to attempt to know what it means on an intricate level. 2. The purpose of the token sale is to generate liquidity across the seven blockchains that Stargate is launching on. Bridges that are cross-chain composable can be immediately integrated with any dApp on any chain. 3. You might think there are already enough cryptocurrencies out there for investors to choose from, but more continue to launch. Not only is this a pain in the ass to do as a user, but there are like 10+ different bridges, over 10+ different chains, and each bridge has their own liquidity that is not interoperable or shared between the other bridges.But wait, theres more. For example, you could host an auction for your NFTs on ETH, and create contracts that once those NFTs are staked, they are bridged to optimism or arbitrum where you can claim rewards, or initiate transactions extremely cheap. LayerZero is a communication primitive that reminds me of TCP/IP way back before I was even born. Stargate, which is based on LayerZero's generic messaging protocol, is designed to make cross-chain composability simple and secure. Star Trek? This funding round values LayerZero Labs at $1 billion and will accelerate the development of cross-chain decentralized applications (dApps) powered by LayerZero, a decentralized omnichain. You have to go from one asset on chain A, pay gas on chain A, pay a fee on the bridge, then that bridge usually takes your tokens, and wraps them and deposits them on Chain B, so you then switch your metamask network to Chain B, and hope you have gas on that chain to either approve/accept your tokens on Chain B or use your wrapped (or native) tokens on Chain B that you sent from Chain A. So technically, if that bridge gets hacked, your wrappedTokenA on AVAX isnt worth anything because the native token that backs it on ETH, is now gone. It can integrate into AVAX subnets, Solana, Algorand, Cardano (lol), and also any Layer 2 Rollup like Arbitrum, Optimism, Metis, etc. For instance, Joe can swap 100 USDC on Ethereum to 100 USDT on BSC in one single transaction . It works like this: There is Transaction A on Chain 1, a communication protocol between Chain 1 and Chain 2, and a message being sent across. LayerZero is a blockchain interoperability protocol that allows cross-chain transfers and swaps, where both assets are on their native blockchains. Welcome to LayerZero, the grass is greener here and you dont have to rely on a bridge not getting hacked. LayerZero announced a $6 million Series A round co-led by Multicoin Capital and Binance Labs last September as . LayerZero is a primitive that (in time) will be seamlessly integrated between every single chain. tant donn que PayPal est l'un des principaux rseaux de paiement au monde, cela montre que LayerZero a un norme potentiel qui s'tend au-del de l'espace crypto. More blockchains will be supported over time. Stargate is an actual application running on it to the likes that we havent seen yet. You could create a yield aggregator platform like yearn, which can create an algorithm that scans potential yields on all chains, and finds the absolute best yields in the entire multi-chain-verse that abstracts away nearly everything and all you have to do is click deposit and all the work is done for you. Stargate is an actual application running on it to the likes that we havent seen yet. LayerZero relies on two parties to transfer messages between on-chain endpoints: the Oracle and the Relayer. LayerZero hired SushiSwap co-founder 0xMaki as the head of business development at Stargate. Native Asset Transactions: The ability to never use wrapped tokens, and to only ever deposit or withdraw native assets relative to the source or destination chainNot only does Stargate offer all three of these things, but it also offers something that I think is extremely important : Cross-Chain Composability.This means that you can compose smart contracts not only on the source chain, but also on the destination chain. Show this thread. Trong giai on th trng ri vo downtrend nh hin ti th tham gia Airdrop, testnet, tri nghim cc d n tim nng cha c token, c th gip anh em duy tr c nhp vi th trng v may mn th c th thay i v th ca bn thn nu nh anh em c s chm ch v kin tr (in hnh l t . 8/13 TOKEN VALUE ESTIMATION $HFT Stargate Finance is the first protocol built on Layer Zero TVL: $480M Market cap: $66M FDV: $478M If $HFT had this market . Interoperability protocol LayerZero is preparing to launch Stargate, a protocol for swapping tokens across different blockchains. See right now if you have been in DeFi you will know that it is a massive pain in the ass to bridge sometimes. . LayerZero is a User Application (UA) configurable on-chain endpoint that runs a ULN. 2 Current Usage of LayerZero: Stargate Finance. Following the beta launch of LayerZero, the LayerZero Labs team recently launched Stargate, a cross-chain liquidity transfer protocol built on LayerZero's generic messaging. // Use the endpoint to send a message to another chain. LayerZero is auctioning off 10% of the total token supply of stargate tokens (STG), some 100 million tokens, which will be sold in an auction using a bonding curve. On the target side, Chainlink oracles push source transaction info to the target blockchain. Did you think Stargate was just some stablecoin bridge? Your money hopping from chain to chain autonomously confined within the smart contracts written out for the best yield strategies. Stargate will go live following a token sale starting on March 17. LayerZero still has a bridge, called Stargate, but unlike prior projects it relies on a namesake token (currently trading at $3) to handle asset transfers. The endpoint then notifies the UA specified Oracle and Relayer of the message and it's destination chain. Literally anything that uses smart contracts, you can build it on top of LayerZero, or in a more accurate description, you can utilize LayerZero. Links: Twitter: @BuhlaqueStargate Website: https://stargate.finance/LayerZero Website: https://layerzero.network/LayerZero Whitepaper: https://layerzero.network/pdf/LayerZero_Whitepaper_Release.pdfStargate Whitepaper: https://www.dropbox.com/s/gf3606jedromp61/Delta-Solving.The.Bridging-Trilemma.pdf?dl=0, 0 subscriptions will be displayed on your profile (edit). This article is going to be aimed at forming a concise but thorough deep-dive into what LayerZero actually is, the problem that it solves, how it solves it, as well as what Stargate is, and the difference between the two.See right now if you have been in DeFi you will know that it is a massive pain in the ass to bridge sometimes. 1. About Stargate Crypto Stargate project differentiates itself from others in its cross-chain ability. As the crypto scene becomes crowded, identifying the best investments also becomes difficult and you can easily miss a great opportunity. We couldn't be any more thrilled to announce 0xMaki joining the team full time. LayerZero will be launching cross-chain protocol Stargate following a token sale later this week. LayerZero's protocol allows apps to transmit messages between blockchains. zta; nkuzi; Tulee; ozi; E-akwkw; ; a bridge. A mock LayerZero endpoint contract for local testing. It is a user application-configurable omni-chain messaging system that runs an ultra-light node to provide the security of a light node with the cost-effectiveness of middle chains. Therefore, Stargate seems to have more room to keep growing. Because in actuality ZRO isnt a blockchain, or your typical bridge either. Do you even know what LayerZero actually is? Because in actuality ZRO isnt a blockchain, or your typical bridge either. Ahead of the launch, LayerZero is opening up a public sale of native tokens on the Stargate bridge.