Stargate Finance attracts $1.9B in six days

Stargate Finance, a cross-chain protocol designed to help users transfer assets across different blockchains, Total Lock (TVL) earned more than $ 1.9 billion in less than a week of launch.

Stargate markets itself as a liquidity transport protocol that allows users to make native asset cross-chain transactions, giving decentralized finance (DeFi) users the option to place stablecoins in pools where they are paid on their native Stargate Token (STG).

Fast-growing TVL is proposing to cultivate stable coin deposits in APY up to 26%.

At the time of writing, Stargate has cemented itself as one of the top 10 DeFi projects, attracting nearly $ 2 billion to TVL, according to comparative data from DeFi Pulse.