Stargate, the leading omnichain liquidity transport protocol, has integrated Flare Network, a blockchain optimized for decentralized data. This integration brings Flare into Stargate V2, enabling seamless liquidity movement across 25+ chains like Ethereum, Arbitrum, Optimism, and Base.
Bridging Flare to the Multichain Ecosystem
Stargate V2 acts as a critical bridge, connecting Flare to major Layer 1 and Layer 2 networks. This integration aims to:
- Boost Total Value Locked (TVL) on Flare by simplifying cross-chain asset transfers.
- Enhance liquidity depth for DeFi protocols and dapps on Flare.
Angus Lamps, Foundation Lead at Stargate, stated:
"Stargate has captured up to 50% of daily cross-chain volume in web3. With V2, we’re poised to onboard advanced DeFi users to Flare through unified liquidity pools."
Hydra: Unified Liquidity for Stablecoins and ETH
Stargate V2’s Hydra feature enables:
- USDC, USDT, and ETH to flow natively to Flare.
- Assets remain locked in source-chain pools while minting equivalent Hydra assets on Flare.
- 1:1 redemption for native assets via Stargate, ensuring liquidity parity across chains.
👉 Explore Stargate V2’s cross-chain capabilities
Flare’s DeFi Incentives Program
The integration coincides with Flare’s DeFi emissions initiative, offering:
- Industry-leading APRs for users bridging USDC/USDT to Flare.
- Liquidity mining rewards for selected DEX pools.
Hugo Philion, Flare Co-Founder, commented:
"With LayerZero V2, SparkDEX, and now Stargate V2, Flare delivers unmatched yields. Our goal is to stabilize liquidity for FAssets and Bitcoin DeFi."
Key Metrics
- $500M+ TVL on Stargate.
- $1B+ bridged volume in June 2024.
- Zero-fee bridging to Flare (no slippage).
LayerZero-Powered Security
Stargate leverages LayerZero V2’s Decentralized Verifier Network (DVN) for:
- Trustless cross-chain messaging.
- Enhanced security via decentralized validation.
Stargate V2 Innovations
Multi-Transaction Model:
- Pay full cost for instant execution or batch transactions for 95% lower fees.
AI Planning Module:
- Dynamically adjusts fees/rewards to balance liquidity pools across chains.
Developer Advantages
Flare’s integration with Stargate V2 provides:
- Cross-chain liquidity access for omnichain dapps.
- Combined with Flare’s data protocols, enabling robust DeFi applications.
FAQ Section
Q: How does Stargate V2 reduce bridging costs?
A: By batching transactions, users can cut fees by 95% compared to V1.
Q: What assets can be bridged to Flare?
A: USDC, USDT, and ETH via Hydra assets.
Q: Is bridging to Flare secure?
A: Yes, LayerZero’s DVNs ensure decentralized verification.
👉 Learn more about Stargate’s omnichain solutions
About Stargate
Stargate is the first composable native asset bridge on LayerZero, enabling:
- Single-transaction cross-chain transfers.
- Unified liquidity pools with instant finality.
For details, visit: Stargate Finance.