Stargate V2 launches with Kaia as the first Hydra Chain
Stargate, the leading composable native asset bridge built on LayerZero, has just launched their V2 protocol with Klaytn as the first Hydra chain. Hydra, Stargate’s bridging-as-a-service, allows Klaytn — and in the near future Kaia — access unlimited liquidity across all core Stargate chains and future Hydra chains.
This will allow users to transfer native assets between Klaytn and all other Stargate and Hydra chains with high transaction speed, and minimal fees and slippage.
This is made possible by LayerZero V2, which enables applications to batch their cross-chain message so that users only need to pay an amortized portion of the total transfer cost. With Stargate V2, users can now choose to utilize this batching feature where they will only need to pay their share of the fees, but will need to wait for the batch to fill up before their transaction will be processed. Guaranteed finality persists. The option to pay the fees in full will also still be available if a user does not wish to wait.
As the fastest, most secure and affordable native asset bridge, Stargate will play a key role in enabling the growth of a vibrant DeFi playground in the Klaytn and future Kaia ecosystem. Try out Stargate V2 now and see how it can supercharge your DeFi experience on Klaytn today.
About Stargate
Stargate is a community-driven organization building the first fully composable native asset bridge, and the first dApp built on LayerZero. Stargate is a fully composable liquidity transport protocol that lives at the heart of omnichain DeFi. Stargate revolutionized bridging in March 2022 by solving the bridging trilemma. Thanks to the delta algorithm, Stargate V1 guarantees finality on the destination chain while utilizing unified pools of native assets. In V2, the omnichain ecosystem has expanded significantly from the days of Stargate V1.
