Quick TakeStargate, a cross-chain stablecoin swap protocol, was launched in March 2022 and has attracted $2.7 billion in Total Value Locked as of this writingStargate’s main value proposition is to enable cross-chain transfers of stablecoins in a decentralized and permissionless mannerStargate leverages LayerZero’s interoperability mechanism, which enables the decentralized dissemination of information across multiple blockchainsStargate’s native token, STG, is being used to bootstrap liquidity and also for governance via the Stargate DAOFundamentally, Stargate and LayerZero are meant to enhance cross-chain interoperability without sacrificing decentralization
