Cryptocurrency Q&A
What is the Stargate cross-chain fee?
What is the Stargate cross-chain fee?
Martina
Fri Sep 13 2024
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7 answers
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Could you please clarify what exactly is the Stargate cross-chain fee? Is it a transactional fee charged for transferring assets between different blockchains using the Stargate protocol? If so, how does it compare to other cross-chain solutions in terms of cost-effectiveness and efficiency? Additionally, are there any specific factors that determine the amount of this fee, such as the size of the transaction or the congestion on the blockchain?
7 answers
BonsaiStrength
Sun Sep 15 2024
Stargate, a leading platform in the cryptocurrency space, imposes a fee structure that is designed to incentivize both liquidity providers and the platform's treasury.
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Margherita
Sun Sep 15 2024
For every transfer that does not involve the native token $STG, Stargate levies a fee of 0.06%. This fee is strategically allocated to two distinct entities.
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Nicola
Sun Sep 15 2024
The first recipient of the fee is the liquidity providers (LPs) of the destination pool. They receive 0.045% of the total fee, serving as a reward for their contribution to the liquidity of the pool.
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Giuseppe
Sat Sep 14 2024
The remaining 0.015% of the fee is directed towards the treasury of Stargate. This allocation ensures that the platform has a continuous source of funding to support its operations and future developments.
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GinsengBoostPowerBoost
Sat Sep 14 2024
By implementing this fee structure, Stargate aims to create a win-win situation for all stakeholders involved. The LPs are incentivized to provide liquidity, while the treasury is sustained to maintain the platform's stability and growth.
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