Interoperability protocol LayerZero is preparing to launch Stargate, a protocol for swapping tokens across different blockchains.
According to a Medium post, Stargate will go live following the conclusion of a token sale that starts on March 17. The purpose of the token sale is to generate liquidity across the seven blockchains that Stargate is launching on.
The team has also brought onboard Maki, the co-founder of SushiSwap, to lead business development. 0xMaki took over the decentralized exchange in 2020 before stepping down toward the end of last year.
“We couldn’t be any more thrilled to announce 0xMaki joining the team full time. He’s been an invaluable resource and we’re extremely excited to be building the future of omni-chain messaging with him,” LayerZero Labs CEO Bryan Pellegrino told The Block.
What is Stargate?
The Stargate protocol is an application created on top of the LayerZero protocol, which aims to enable the transfer of funds between several blockchains
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