Swing Ecosystem Is Enhanced by the Addition of Stargate Liquidity
Swing has added Stargate to its growing list of Bridges.
What do cross-chain developers want? Liquidity. When do they want it? Right now. What else do they want? Oh let’s see…freedom from multi-node management, minimization of omni-chain complexity, and the ability to integrate swaps with minimal code.
Swing delivers all that with a cherry on top. It’s the simplest and most efficient way of transforming any decentralized application into a supercharged cross-chain dApp. The technology to achieve that is already here via the Swing API, SDK, and Widget, and so’s the liquidity thanks to the dozens of protocols connected to Swing’s smart contracts.
But there’s always scope for improvement, particularly when it comes to accessing liquidity on far-flung chains. To aid this goal, and support our aims of making Swing the best cross-chain solution of its kind, we’re pleased to have added Stargate into the mix. Swing and Stargate working together will provide a major liquidity boost that will benefit end users of the dApps created using Swing Widget.
A Bridge But Not as We Know It
We’re big fans of Stargate. Not only are we jealous of their sci-fi moniker, but everything about their branding is on point. They’re not a blockchain bridge: they’re a “liquidity transport protocol.” What’s not to love?
More importantly, though, is the role Stargate plays in making cross-chain – or “omnichain” – DeFi a reality. Stargate’s tech sits at the intersection connecting much of the innovation happening in decentralized finance right now. You’ll hear the name Stargate used in the context of protocols such as TapiocaDAO and LayerZero and, starting today, you’ll also hear it used in the context of Swing.
Essentially, Stargate’s protocol was created to achieve goals broadly similar to those governing the Swing: to allow native assets to be transferred cross-chain with access to deep liquidity pools. Stargate achieves this through unified liquidity pools, whose depth and diversity guarantee that assets sent on the source chain will result in the same assets being received on the destination chain.
One of the reasons why Stargate can achieve such deep liquidity is through its LP program which incentivizes its provision. LPs can earn STG rewards, which helps to keep their liquidity deep enough to satisfy all cross-chain demands made by Stargate users.
Better Together
Stargate supports seven chains, all of which will be accessible via the Swing API, SDK, and Widget following its integration. While Swing already supported these eight chains, together with another 16 EVM and non-EVM networks, Stargate’s liquidity is a welcome addition. It will boost the available liquidity sources for developers creating apps that intersect with Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom.
Stargate is a liquidity transport protocol whose star is in the ascendancy. If you operate on the frontlines of DeFi, you’ll inevitably come into contact with it sooner or later. And now, thanks to its integration with Swing, you may not even realize the first time you interact with Stargate. That’s the beauty of DeFi composability.
With Strargate’s tracks now connected with Swing’s, the cross-chain world just got that little bit smaller.
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