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.
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.
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.
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.
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.