Cross-chain DeFi Protocol Stargate Goes Live and Will Reopen $STG Public Sale

Cross-chain DeFi protocol Stargate is now live, allowing users to swap stablecoins between different chains through the protocol. In addition, the protocol's previous public sale of $STG had only two successful participants. In order to allow more people to participate, Stargate will allow users who pre-approved the auction contract or participated in the bonding curve to participate in the auction at the same terms as the original auction. The auction will release a total of 20 million tokens at $0.25, which will be locked for 12 months and then unlocked linearly over 6 months. It is reported that about 160 people met the conditions and the 20 million tokens will be divided equally among these users to avoid the Gas wars. Stargate is a protocol developed by the interoperability protocol LayerZero team, and SushiSwap co-founder 0xMaki has joined the LayerZero team.