KoinlyticsStargate is one of the largest cross-chain bridges by volume. Version 2 (2024) rebuilt on LayerZero V2 messaging with unified liquidity: one deep pool per token spans all supported chains.
How V2 works
- Each supported token (USDC, USDT, ETH) has a unified liquidity pool across chains.
- User deposits on chain A. Pool on chain A gains liquidity.
- User receives token on chain B. Pool on chain B loses liquidity.
- Rebalancing across chains happens algorithmically.
Why unified liquidity matters
Traditional bridges split liquidity per chain pair. Bridging ETH from Arbitrum to Base drains that specific pool. Unified liquidity means all supported chains share the same pool, so no single pair depletes.
LayerZero V2 for messaging
- DVN-based verification (see LayerZero V2 chapter).
- Configurable trust set per app.
- Faster than V1.
STG token
Governance + LP rewards. Reward emissions attract LP capital to underserved chains.
Where Stargate wins
- Deep liquidity for USDT and USDC across many chains.
- One-transaction bridging (no separate approve for many tokens).
- Familiar LayerZero-based trust model.
Trade-offs
- LP fee (0.06% typical) + slippage on large transfers.
- Depends on LayerZero DVN set integrity.
- Slower than Across for same-token same-chain-pair fills.