Binance, the world’s largest cryptocurrency exchange by trading volume, completed the Stargate Finance (STG) contract swap on March 17, 2023. The announcement was made by Binance on its official website.
According to the announcement, Binance has successfully completed the STG contract swap and opened STG deposits and withdrawals. The STG contract swap was executed in a 1:1 ratio and all Binance users’ STG balances were converted to the new STG contract.
STG price rises
Stargate Finance’s (STG) took a positive turn, rising 15% after a successful contract swap by Binance. It is currently trading at $0.8277, with a market cap of $132 million. Trading volume is up more than 80% in the last 24 hours. This achievement marks an important milestone for the project as it looks to expand its footprint in the decentralized finance (DeFi) space. Source: coinmarketcap
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New initiatives from Stargate Finance coming up
The STG token is a governance token for the Stargate Finance protocol, a decentralized finance (DeFi) platform built on the Binance Smart Chain. The platform allows users to lend, borrow and stake cryptocurrencies, as well as participate in yield farming. The STG contract swap is an important milestone for the Stargate Finance protocol as it marks the transition to a new and improved smart contract. The new contract is designed to provide users of the platform with better security and efficiency.
In addition to the contract swap, Stargate Finance has also announced several new initiatives. The platform has launched a new liquidity mining program, which will reward users for providing liquidity to the STG-BNB and STG-BUSD trading pairs on PancakeSwap. Stargate Finance has also announced the launch of a new staking program, allowing users to stake their STG tokens and earn rewards. The restocking program will be launched in two phases, with the first phase commencing on March 25.
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Shourya is a fintech enthusiast who mainly reports on cryptocurrency prices, Union Budget, CBDC and FTX collapse. Get in touch with her [email protected]
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