Stargate Finance
Crypto Overview
Overview
Stargate Finance is a cross-chain liquidity transfer protocol built on LayerZero that enables users to transfer native assets between different blockchain networks. The STG token serves as the protocol's governance and utility token.
Intended Utility
The protocol aims to solve the cross-chain liquidity problem by providing unified liquidity pools that can be accessed from any supported blockchain. STG token holders can stake their tokens to earn protocol fees and participate in governance decisions.
Business Model Assessment
The business model appears transparent and focuses on providing legitimate cross-chain infrastructure services. The protocol generates revenue through transaction fees from cross-chain transfers, which are distributed to STG stakers.
Actual Utility Analysis
On-chain data shows active usage of the protocol for cross-chain transfers, with significant total value locked (TVL) across multiple chains. The protocol has established partnerships with major blockchain platforms and continues to expand its supported networks.
Token Distribution and Governance
The initial token distribution allocated 50% to the community and staking rewards, 20% to the team (vested over 2 years), 15% to the treasury, and 15% to early investors (vested over 1 year). This distribution shows a reasonable balance between team incentives and community ownership.
Development Activity
The project maintains active development on Github, with regular updates and improvements to the protocol. The team has consistently delivered on their roadmap commitments and technical milestones.
Crypto Impact
To assign a comfort level investing in Stargate Finance from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Stargate Finance.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.