November 13, 2024

Stargate Finance links peaq to 23 blockchains via LayerZero

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In a nutshell: Stargate, the first fully-composable native asset bridge on LayerZero with a TVL of more than $480 million, now supports peaq. This integration connects peaq to 23 blockchains, unlocking billions worth of borderless Web3 liquidity for DePINs on peaq. You can use Stargate to easily, securely, and instantly move your tokens between peaq and other blockchains.

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The Stargate is open

No chain’s an island, as the saying goes. And peaq has always firmly believed in this. In fact, the entire peaq ecosystem has always been building towards a multichain future. Web3 needs strong and secure connections between strong and secure blockchains. For a web, we need links. Or, in the case of Web3, bridges.

Bridges enable assets, tokens, and data to move seamlessly across ecosystems. And thanks to its integration with Stargate — a fully composable native asset bridge built on LayerZero’s omnichain protocol with a TVL of more than $480 million — connects peaq to 23 chains, including Ethereum, Polygon, and BNB Chain.Via Stargate’s Hydra deployment, users can now bridge unlimited liquidity from any supported chain safely and quickly at zero cost — no slippage or fees,

This integration not only enhances peaq’s interoperability, fostering innovative applications and use cases, but also unlocks next-level liquidity access for the Machine Economy on peaq. DePINs building on peaq can now tap into the user bases and economies of a wide variety of blockchains, driving even more growth and adoption across the ecosystem.

Here is the full list of chains peaq is connected to via Stargate:

Arbitrum
Aurora
Avalanche
Base
BNB Chain
Core Chain
Ebi
Ethereum
Flare
Gravity
IOTA
Kaia
Lightlink
Linea
Mantle
Metis
Optimism
Peaq
Polygon
Rari
Scroll
Sei
Taiko

“We’re excited to be expanding Stargate to peaq, offering the canonical assets within the ecosystem. By doing so, we are not only broadening Stargate’s reach but also supporting peaq’s vision of a connected and efficient Machine Economy, enabling new possibilities for real-world blockchain applications.”

—Angus Lamps, Foundation Lead at Stargate

“Integrating Stargate’s advanced bridging technology into the peaq ecosystem marks a significant milestone toward powering the Machine Economy. It greatly enhances interoperability and liquidity for DePINs building on peaq. But perhaps more importantly, by empowering them to seamlessly access and utilize resources across multiple blockchains, it is driving innovation and growth within the Machine Economy.”

— Leonard Dorlöchter, co-founder of peaq

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