Thread on LayerZero and Stargate

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Project Spotlight: @LayerZero_Labs LayerZero is opening up the door for a seamless multi-chain world where users can transfer assets from one blockchain to another w/o worrying about bridges, wrappers, and middleware that make the experience unappealing Thread 🧵 $STG

1/ It's indisputable that the blockchain industry will consist of many different blockchain networks communicating with each other. There are many bridges trying to facilitate this functionality, however, it's presently a mess 💩 👇

2/ The current way of bridging assets: - Takes time - Bridged version of the asset may not be compatible - Multiple Clicks and interfaces required - Need the destination chain's native coin to pay fees What if we could instantly swap native assets between chains with low fees?

3/ That's exactly what LayerZero enables - Instant swapping - Native assets, so no need to worry about compatibility - Single Click cross-chain swap - Fees paid from the source chain

4/ LayerZero can be considered as the underlying tech upon which other applications can be built. The first one is @StargateFinance $STG, a cross-chain stablecoin DEX, which was released a few weeks ago. It has amassed a massive TVL of $3.4b in such a short span 🤯

5/ It has raised $135 Million at a $1 Billion valuation from the biggest VCs in the game– Sequoia, a16z, FTX, and more 💰. Even @jtimberlake invested 😅

6/ Now that you have a basic understanding of LayerZero and what it's trying to achieve, we'll point you to some well-written threads by fellow Threadooors and Giga 🧠. We'll keep this thread updated as more developments take place. So make sure to follow and bookmark 🧵 👇

7/ The importance of the seamless UX LayerZero enables by @crycket_crypto twitter.com/crycket_crypto/status/1505597601214730245?s=20&t=PqEnpOJ7Ya-QmWn7537NUQ

8/ @0xMaki (co-founder of @SushiSwap and also part of LayerZero) thread 🧵 on @LayerZero_Labs twitter.com/0xMaki/status/1503722051579920396?s=20&t=Zl2X5oRQ4vQ7AotFQe9Ntw

9/ @Delphi_Digital podcast with @LayerZero_Labs youtu.be/Fq2riYIsxpc

10/ @PrimordialAA(co-founder of @LayerZero_Labs) thread 🧵 on @StargateFinance $STG twitter.com/PrimordialAA/status/1454127111711514625?s=20&t=exrJaurnGM8tdEGYA2KDzg

11/ @SushiSwap integration with @StargateFinance soon $STG $SUSHI twitter.com/0xMaki/status/1506032911031705609?s=20&t=exrJaurnGM8tdEGYA2KDzg

12/ $STG token launch went terribly wrong and all the launch tokens were bought up by Alameda. Said they don't intend to sell any tokens for at least 3 years twitter.com/AlamedaTrabucco/status/1506306851142615044?s=20&t=exrJaurnGM8tdEGYA2KDzg

13/ @LayerZero_Labs vs @Chainlink by @Pickle_cRypto and @alpha_pls 🧠 #CCIP $STG $LINK twitter.com/Pickle_cRypto/status/1508458268846342144?s=20&t=z0lCtgVNRKxOQBVQt--67g

14/ @StargateFinance vs @THORChain $RUNE $STG twitter.com/THORSwap/status/1507942489294098436?s=20&t=z0lCtgVNRKxOQBVQt--67g

15/ @renprotocol vs @StargateFinance by @koruna911 $REN $STG twitter.com/koruna911/status/1507066220796915725?s=20&t=SXTIUk6FWJu5rqz34mkRRA

16/ A slight technical 🧵 about @LayerZero_Labs by @NicoDeva_ twitter.com/NicoDeva_/status/1507281006834855936?s=20&t=z0lCtgVNRKxOQBVQt--67g

17/ $STG tokenomics by @kamikaz_ETH twitter.com/kamikaz_ETH/status/1506886797544288261?s=20&t=z0lCtgVNRKxOQBVQt--67g

18/ Liquidity Providers or LPs can stake their assets in a single-sided pool with no Impermanent Loss(A loss occurred when user LPs) twitter.com/Cov_duk/status/1507203493261570049?s=20&t=Kr0R_0XO-I7v_Anf2t6_bQ

19/ Dashboards dune.xyz/r_cc/Stargate-dollarSTG dune.xyz/maaagi/stargate-bridging-fee dune.xyz/GoldenNaim/LayerZero

20/ Is @LayerZero_Labs really decentralized? by @trayvox twitter.com/trayvox/status/1508734174705987586?s=20&t=Zj126iCCO3CUg8mFL8YdnA

If you have found this thread 🧵 helpful, please consider liking and sharing it, and do give us a follow, it really helps us out! We at @sahicoin strive to provide Simple and Honest Information for crypto enthusiasts 💪

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