Stargate Finance Brings Telos to Its Cross-Chain Ecosystem
Date: 2025-03-27 Author: Oliver Abernathy Categories: BLOCKCHAIN
Stargate Finance announced the launch of Hydra on the Telos blockchain on March 26. With this integration, Telos is now part of Stargate’s shared liquidity network, which spans over 70 blockchains. This solution opens up the possibility of cheap and fast cross-chain transactions in decentralized finance for Telos users.
Stargate Finance acts as a bridge between different blockchains, providing infrastructure for seamless exchange of native assets. The central goal of the project is to pool liquidity and simplify cross-chain interactions in DeFi.
A key feature of Stargate is the ability to swap tokens between networks with a 1:1 ratio and instant confirmation. This is achieved through the transfer component, while the pools component allows liquidity providers to deposit funds and earn stablecoins from each transaction. Additionally, liquidity providers can use the farming function, receiving liquidity tokens and rewards in STG.
An important role in the Stargate architecture is played by the delta algorithm, a unique mechanism that allows for efficient resource management and balancing of liquidity between chains. Due to this, a completely new type of bridges is created, focused exclusively on working with native assets, which makes transfers not only reliable, but also instantaneous.
STG, the native token of Stargate Finance, performs both governance and staking functions. STG holders can block their tokens to receive veSTG, a governance token that allows them to participate in voting on key issues of protocol development. The longer the staking period, the greater the influence of the participant's vote on the decisions made.
The integration with Telos is an important step towards expanding the capabilities of Stargate Finance and makes the cross-chain ecosystem even more accessible to developers and users of decentralized applications.
