In recent news, the Santiment report has revealed an explosion in on-chain activity for Stargate Finance on Arbitrum. This sudden surge in activity has sparked interest and speculation among traders and investors.

The report suggests that the increase in activity could be related to active voting within the Stargate DAO. However, the exact reason for the sudden burst in activity remains unknown. What is clear is that people are spending their time and resources on the platform, indicating a sense of commitment and anticipation for something significant.

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As the market continues to decline, the sudden influx of activity on Stargate Finance may seem risky. However, such high-risk investments have the potential for high rewards, and the platform seems best prepared to withstand any potential crashes or fluctuations in the market.

While it is impossible to predict the future, the current surge in activity on Stargate Finance indicates the possibility of a significant shift in the market. If this happens, those who have invested in STG will be well-prepared to harvest the rewards of their commitment.

In conclusion, the sudden increase in on-chain activity for Stargate Finance on Arbitrum has piqued the interest of traders and investors alike. While the reason for the surge remains unknown, the commitment and anticipation of the platform’s users suggest the potential for high-risk-reward investments. As the market continues to fluctuate, the surge in activity on Stargate Finance could indicate a significant shift in the market, offering those who have invested in the platform the opportunity for a fruitful harvest.

#Stargate #Santiment #STG #azcoinnews #Arbitrum

This article was republished from azcoinnews.com

Stargate wants to transfer $1.5 million in protocol-owned liquidity to Layer 2 DEX of Velodrome in exchange for more VELO emissions and a higher APR.

Stargate is proposing to transfer $1.5 million worth of protocol-owned liquidity (POL) to Velodrome, the leading Ethereum Layer 2 DEX, in an effort to broaden its reach. By directing VELO emissions to their liquidity pools and rewarding voters with veVELO tokens or other incentives, Velodrome's voting system enables protocols to draw liquidity. Voters' VELO bribe multipliers from the previous voting round produced a $3.5 VELO payoff for every $1 in bribes.

Under the "Tour de OP" incentive program, Velodrome has pledged to match 40% of Stargate's bribes in an effort to entice Stargate. This has the potential to have a 4X+ impact on STG-liquidity USDC's incentives when paired with the bribe multiplier. The LP can still be used by Stargate's liquidity providers, who can then route it through all aggregators for the same execution. The APR paid, nevertheless, will be greater than what Uniswap is currently providing.

In the event that it is effective, Stargate can move more POL to Velodrome, increasing its liquidity and gaining more VELO emissions. Stargate can drastically reduce the requirement for STG emissions in the future while retaining a strong liquidity layer on Optimism by locking VELO payouts as veVELO. Moreover, locking veVELO will make Stargate eligible for a Lock Bonus, which is normally worth 30% to 40% of the VELO locked and is given in OP.

By promoting Stargate through its ecosystem and onboarding new users to the network, Velodrome will match Stargate with its sizable and active DeFi user base. Following the conclusion of a vote period, VELO emissions will move to Stargate's LP, increasing the APR for its liquidity providers and gradually lowering STG emissions.

#STG #Stargate #crypto2023