STG is the native token of Stargate Finance, a cross-chain liquidity transfer protocol built on LayerZero. It's used for governance, staking, liquidity provision, and farming within the Stargate ecosystem. By staking STG, users receive veSTG, which grants them voting power in the Stargate DAO.
Governance:
STG token holders can participate in Stargate's decentralized governance, influencing the protocol's future development.
Staking:
Users can stake STG to earn veSTG, a time-weighted voting escrow token that provides increased governance power.
Liquidity Provision:
STG is used to provide liquidity to Stargate's unified pools across different blockchains, allowing for seamless cross-chain asset transfers.
Farming:
Liquidity providers can also earn additional STG rewards by participating in farming activities.
In essence, STG is the core utility token that powers Stargate Finance, enabling users to participate in various aspects of the protocol, from governance to liquidity provision, and earn rewards for their contributions.
