Stargate's V2 Bridge Is Here: The Most Cost-Effective Bridge in DeFi

IconCryptoNewsTerminal Staff29 May, 2024

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Stargate's V2 Bridge Is Here: The Most Cost-Effective Bridge in DeFi

Stargate (STG), a popular cross-chain bridge, has just launched the much-anticipated version 2 (V2) of its bridge. The announcement was made via an official blog post, where Stargate stated that "Stargate V2 is the most cost-effective bridge in the DeFi ecosystem." The launch of V2 was previously announced by Stargate, who had to delay the release by 24 hours from the original schedule. The new bridge version comes with a number of improvements over the previous version, including: Lower fees Faster transactions Increased security Support for more assets Stargate V2 is built on top of the Cosmos SDK and uses a unique liquidity provision model called "starports." Starports are pools of liquidity that are used to facilitate cross-chain swaps. This model allows Stargate to offer lower fees than other cross-chain bridges. In addition to the features listed above, Stargate V2 also includes a number of other improvements, such as: A new user interface Improved documentation * A more robust security audit Stargate V2 is a major upgrade to the Stargate bridge, and it is sure to make cross-chain swaps faster, cheaper, and more secure.

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