Our weekly crypto derivatives analytics report delves into macro events; the current state of crypto and trading signals from spot trading volume; and futures, options and perpetual contracts.

At the start of the week, Bitcoin showed signs of decoupling from US equities. However, US president Trump's positive remarks about the US-China trade war (which had included a 145% tariff on Chinese goods) triggered a relief rally across markets. As a result, BTC has resumed moving up with US equities. 

This rally has led to a rise in short-tenor implied volatility and a recovery in BTC’s put-call skew, indicating that traders are seeking upside exposure.

Please check out the report’s highlights.

Perp open interest rises across the board

Perpetual open interest increased significantly this week across various tokens, especially ETH. Perpetual trading volumes also rose. Notably, Ap 7, 2025 recorded the highest trade volume of the month, following Trump's comment, "Forget markets for a second, we have all the advantages."

BTC option open interest shows a mixed picture; put-call skew in short tenor sends positive signals

President Trump’s recent willingness to negotiate a trade deal with China’s President Xi triggered a relief rally across asset classes, including crypto. Bitcoin had already risen 7% since Apr 21, 2025, prior to Trump's comments. Despite this rally, open interest in puts has outpaced calls, with options volume remaining relatively balanced. 

It's unclear if the demand for puts reflects a hedge against downside risks, or a bet against the upward movement. Meanwhile, perpetual funding rates are providing limited insight into sentiment. However, the recovery of the put-call skew at short tenors indicates that traders are seeking upside exposure to the rally — and are willing to pay for it.

ETH unexpectedly outperforms BTC in this relief rally

ETH's response to the recent crypto market recovery has diverged from previous trends: it outperformed BTC in spot prices, a rarity in past rallies, and open interest in calls exceeds that in puts — opposite to BTC's trend. In addition, ETH call open interest is nearly double that of puts, with calls dominating options volumes. This suggests traders anticipate ETH will reduce its significant underperformance against both BTC and other “ETH killers” like SUI and SOL. Additionally, the spot rally has led to another term structure inversion for ETH.

Advanced

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Bybit X Block Scholes crypto derivatives analytics report (Apr 24, 2025): Put-call skew recovers at short tenors, showing reviving sentiment

Explore all the hottest Bybit events happening during the week of TOKEN2049 Dubai in this article.

It’s that time of year again — TOKEN2049 Dubai is back, and the city is buzzing with excitement. As one of the most anticipated events on the crypto calendar, it’s not just about the main conference; it’s about everything happening around it, too. From side events and workshops to exclusive mixers and demo days, Bybit is showing up in full force this year. Here's your inside look at what to expect during this action-packed week.

The heart of TOKEN2049 Week, TOKEN2049 Dubai promises two full days of future-facing discussions and innovation in the world of crypto. At the center of it all is Bybit’s immersive booth experience, built on the theme 

. It’s not just a theme — it’s a vibe. Picture claw machines, 

If you’re heading to TOKEN2049 Dubai, be sure to drop by the Bybit booth (located at P33) and chat with our extraordinary Bybit team! And don’t miss your chance to grab a gacha token by scanning our QR code with Bybit Pay. You could walk away with exclusive Bybit merch! 

DMCC x VARA: Crypto regulations and business growth

Policy meets progress at this exclusive evening event co-hosted by DMCC and VARA. This gathering brings together regulators and industry leaders for an open discussion on the future of digital asset compliance and business growth in the region.

You can expect sharp insights, candid perspectives and forward-thinking dialogue about what it really takes to scale a crypto business in a regulated environment. If you care about the future of web3 in the UAE, this is one event to mark on your calendar.

Bybit After Hours: Exclusive Insights & Networking 

 is a private cocktail evening for top-tier traders and long-time supporters of Bybit. This event is equal parts networking, knowledge sharing and celebration.

 to strategic conversations with the Bybit team, this night is tailored to those who trade big and think bigger. With an invite-only guest list, it’s set to be one of the most exclusive experiences of the week.

The Crypto Hub x Bybit Crypto Ark Demo Day

 is all about bringing hands-on energy to the web3 scene. Hosted at the Crypto Ark inside Bybit’s office, this event welcomes founders, devs and crypto creatives for a casual evening of product showcases, idea exchange and light networking.

While Bybit provides the space, the real spotlight is on the community — those shaping the next wave of innovation in web3.

 from across the CIS region are gathering for a deep dive into the tools, tips and strategies that drive growth at Bybit. This meetup goes beyond surface-level sharing — expect actionable workshops covering our Bybit Affiliate program and affiliate best practices.

It’s also a chance to hear directly from Bybit product leads and regional managers, share success stories and walk away with fresh ideas to maximize conversions. 

Wunderbit x Bybit: “Hey, Trading Bot, where is my profit?”

 are here to stay — and this event is going deep into what makes them tick. Co-hosted by Wunderbit and Bybit, the evening workshop blends honest stories from real traders with expert insights on how to avoid common automation pitfalls.

From bot setups that work to the ones that quietly drain your profits, this is your chance to ask the tough questions, hear unfiltered answers — and maybe rethink how you’re running your own bot strategy.

 (RWAs) are taking center stage at the RWA Gulf Summit, a high-powered event co-hosted by Qatar National Bank, Commercial Bank International and DMZ Finance. This summit brings together bank leaders, wealth funds, participants in DIFC, institutional investors and industry pioneers to explore the evolution of tokenized finance in the Middle East and beyond.

Bybit’s Head of Financial Products Jerry Li will take the stage to discuss how 

 (CEXs) can harness RWAs for enhanced yield and 

Dubai's Pinnacle Mixer: Mantle, Mirana, Bybit and Ethena

High above the city, this mixer brings together some of the biggest names in web3 — Mantle, Mirana, Bybit and Ethena. Expect an unforgettable evening of casual chats, cross-chain connections and cocktails with the minds behind some of today’s most innovative projects.

This private event is all about experiencing Bybit Pay in action. See interactive demos, grab a sneak peek at upcoming partnerships and network over bites and drinks. It’s a rare behind-the-scenes look at the way Bybit is shaping the future of crypto payments. 

Wrapping up the week is the Bybit Institutional Symposium — a full-day event dedicated to aligning strategies with institutional clients and forging new collaborations. From macro views to product deep-dives, this conference is built to spark big conversations among serious players.

The day concludes with a gala dinner, a fitting finale to a week in which ideas, connections and innovation have taken center stage.

Intermediate

Bybit Learn Highlights What to Expect at Bybit

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Highlights: What to expect at Bybit (Apr 28–May 2, 2025)

Balance (EPT) is revolutionizing web3 gaming with evolving AI companions, blending blockchain, strategy, and intelligent gameplay in one powerful platform.

Artificial intelligence (AI) agents are a key growth area within the blockchain industry. Projects like Artificial Superintelligence Alliance (FET), 

 (AI16Z) and countless others have been essential components driving the overall crypto market. As of April 2025, the CoinGecko portal lists more than 500 cryptocurrencies within its category of AI Agents. These intelligent assistants are now helping individuals and businesses analyze markets, create textual and visual content, automate work processes and trade profitably.

There's a further area where AI agents on the blockchain are flourishing: the world of 

 gaming. In this sphere, bots and agents based on AI algorithms are helping users develop the best in-game strategies, succeed in the competitive world of play-to-earn (P2E) and overcome key challenges in complex gameplay.

Balance (EPT) is a blockchain gaming project that takes the use of 

 to a completely new level. The creation of the team at the world’s largest social gaming platform, E-Pal, Balance offers players AI agents that can aid them in the in-game environment and serve as their personal companions. Based on a multi-layer architecture, the platform offers some of the most cutting-edge use cases for gaming-oriented AI agents.

 (EPT) is a web3 gaming platform that allows players to easily create, own and use AI companions within the blockchain games it supports.

 Balance supports a variety of first-party (internally developed) and third-party web3 games. You can deploy your AI gaming companions and they’ll act as your assistants, friends or co-players within Balance games.

Using Balance.fun, the platform’s primary web interface, you can create your AI agents and specify various details, such as appearance, personality and functions.

Balance isn’t just another obscure crypto gaming platform. The origins of the project date back to 2020, when the E-Pal social gaming provider was launched by four young California-based technology entrepreneurs — Brian Xiong, Tung Pham, Yuzhe Norris Wang and Yuanzhe Li. E-Pal quickly became a leading force in the newly emerging social gaming field, helping players worldwide find gaming companions. By early 2024, E-Pal had become the world’s largest gaming companion platform, boasting 4.2 million users and 450,000 Epals (gaming companions).

In February 2024, the E-Pal team focused its efforts on 

 and AI technologies, starting the development work on the Balance gaming platform. In September of the same year, Balance went live.

Per the project’s documentation, the platform operates on its own chain, Balance Chain, with 

 (AA) technology used for cross-chain communication. The fungible and 

 (NFTs) held by user accounts are based on the 

A key part of the Balance ecosystem is Key Nodes — purchasable 

 that help with the processing, storage and distribution of data required in the resource-intensive environment of web3 gaming. Some applied instances are the management of real-time leaderboards and the automatic distribution of loot and in-game currency. These nodes can also support the computational requirements of training AI models. As a reward for their work in supporting the platform’s operations, Key Nodes receive a wide range of rewards and benefits, including distributions of EPT tokens, the platform’s native cryptocurrency.

As the ecosystem develops, Key Nodes are envisioned to be involved in governance, 

 launch in September 2024, Balance introduced its Points System, designed to reward early contributors to the platform. During the campaign run in September, users could earn points by completing various specified tasks in various activities, such as joining the project’s social media pages or commenting and reposting.

The 400 users with the best performance in the Points System earned a whitelist spot to receive Pioneer Badge NFTs — distinct tokens that provide owners with early access to games, future campaigns, airdrops and beta testing opportunities. Pioneer Badge NFT holders can also enjoy other benefits, such as premium NFTs and voting rights on the Balance platform.

Balance’s platform provides a set of tools to create and use intelligent companions for Balance-based games. You can design your AI companions by specifying their key traits and behaviors through custom prompts and strategies. The AI agents on Balance can assist you in battles, gaming contests, learning, routine task execution and interactive entertainment.

Balance’s platform is made up of five key layers, each one serving a specific purpose in supporting its user and developer communities. At the top of the architectural stack is the application layer, which acts as the main interface for users to interact with human and AI companions and the wider Balance community.

The application layer also contains the AI Battle Reporting System, which is designed to give users feedback and analysis tools on their performance in the platform’s gaming ecosystem. AI technology is leveraged here to provide personalized analytics and performance improvement recommendations.

A range of NFTs are also part of the layer. These include in-game asset NFTs, as well as 

 (SBTs) that serve as summaries of the holder’s achievements.

The platform layer hosts the various games within the Balance gaming universe. These include both internal games and third-party games that have partnered with Balance. The key concept uniting all of the games is the active integration of AI companions and AI players, making the platform a unique environment in which humans and AI agents play, interact and compete.

The platform layer also features an AI-driven NFT launchpad that offers a rich tool set for creating personalized NFTs for games and applications. These NFTs can be traded on Balance's NFT marketplace, which is also an integral part of the platform layer.

The protocol layer includes a trio of critical protocols — the Fans Protocol, Epal Fan Token (FT) Exchange Protocol and Asset Protocol. The Fans Protocol lets players launch and manage their Fan Tokens, creating opportunities for influencers and community builders to tokenize their efforts and launch high-potential crypto assets. Meanwhile, the Epal FT Exchange Protocol facilitates the management of (and trade in) Fan Tokens.

The third protocol, Asset, is used for the comprehensive management of a wide range of digital assets on Balance, providing easy-to-use tools for asset creation and trading.

The token layer is designed for core operations involving the platform’s native EPT token. This layer supports the use of EPT for in-game purchases, access to services and AI companions, Fan Token minting and trading, in addition to other functionalities.

This is the underlying infrastructural layer that powers the platform’s operational mechanism. It can be described as Balance's operating system, and is made up of several critical components: the node system, the Balance 

, the Balance Chain network and the platform's unique ID system.

The node system provides the computational and storage resources to power games and other functionality on Balance. In addition, the system acts as a key connecting medium between Balance Chain and the AA functionality that lets the platform enjoy cross-chain capabilities.

The Balance stablecoin, also part of the infra layer, is designed to reduce volatility and bring rate stability to the platform's gaming ecosystem. The Balance stablecoin system helps players engage in asset trading without the fear of wild market fluctuations, an important consideration in the 

Designed to support multiple chains, Balance Chain operates based on dynamic protocol adaptation, automatically selecting the optimal blockchain platform according to user preferences and needs. This dynamic adaptability is designed to reduce costs, improve operational speed and enhance overall security for users.

The final major component of the Balance infrastructure layer, the Balance ID system, is a unified and secure user authentication and identity management solution. To be introduced later in 2025, the ID system will let users access all services and games within the Balance ecosystem via a single set of cross-platform decentralized credentials. In addition to human players, also AI companions will have their unique IDs.

EPT is the native cryptocurrency of Balance. Although the platform has been operational since 2024, the EPT token was just launched on Apr 21, 2025, with a total and maximum supply of 10 billion. It was issued on two major blockchains — Ethereum and BNB Chain. EPT has a wide range of functional use cases on the platform, including the following:

The EPT token's supply allocation is per the chart below.

 as a swap pair with USDT, and through the exchange's 

 based on USDT. You can also take advantage of Bybit’s campaign dedicated to the token to grab a share of the 

Under the terms of the event, new users can earn EPT rewards by accumulating a deposit volume of at least 3,000 EPT, or by depositing at least 100 USDT and trading 100 USDT worth of EPT via their first spot trade with Bybit. Meanwhile, existing users can qualify for rewards by trading at least 500 USDT worth of EPT on Spot. The event is valid through May 5, 2025, 9AM UTC.

As of Apr 25, 2025, the EPT token has been on the market for only four days, and is trading at $0.0117, which is 26.4% lower than its ATH of $0.01708 on Apr 21, 2025, and 11.4% higher than its ATL of $0.01129 on Apr 22, 2025.

Long-term price forecasts for EPT are mostly bullish. DigitalCoinPrice 

 of $0.0412 in 2027 and $0.0615 in 2030, whilePricePrediction 

These and other emerging long-term forecasts for the token don't constitute investment advice. Given EPT's extremely short history on the market so far, 

 on the token's future prospects, carefully assess market fluctuations within the crypto gaming niche and consider all other relevant factors before investing in it or any other cryptocurrency.

Capturing emerging market trends and sensing the broader market conditions, the team at E-Pal recognized the tremendous potential of gaming companions back in 2020. Four years later, E-Pal realized that the new market dynamics in gaming called for something even more innovative — the use of AI companions, in addition to fellow humans. The resulting product, the Balance platform, is now racing to stake the claim to the best web3 gaming environment supported by AI agents.

The platform's unique features — cross-chain functionality supported by an AA mechanism, a dynamic exchange system that selects the best network for users' transactions and, most importantly, intelligent AI companions — can certainly help establish Balance as a leader in this niche of web3 gaming.

AI agents are taking the gaming industry by storm, with blockchain technology acting as a powerful enabler of these intelligent friends of ours. The Balance gaming universe — supported by the proven track record of E-Pal — has a great chance of becoming the go-to environment in which to befriend your next artificial gaming partner.

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Balance (EPT): Revolutionizing web3 gaming with evolving AI companions

Mantle has launched the Mantle Index Four (MI4), an institutional-grade fund providing diversified exposure to yield-bearing digital assets. 

The S&P 500 rose 2.03% on strong Alphabet earnings and optimism over a possible Fed rate cut. Gold jumped 1.5% to $3,338 as trade tensions rose and a weaker dollar, along with falling yields, boosted demand. Fed rate cut signals also supported the rally. The Coindesk Indices, which tracks the broader crypto market, rose 0.74%, with Bitcoin up 0.06% and Ether down 1.89%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is INIT, up 15.4%, following the launch of Initia, which aims to revive the appchain concept with an interconnected network and an INIT token airdrop.

Initia (INIT), founded in 2022, is a modular blockchain platform that combines a Layer 1 network with customizable Layer 2 rollups, enabling scalable decentralized app development. It offers flexibility in virtual machines, gas tokens, and transaction systems, while ensuring interoperability and addressing issues like liquidity fragmentation and network congestion. Initia has 

 to revive the appchain concept by offering a network that integrates appchains in a cohesive, interconnected way. The platform emphasizes full-stack control for apps, avoiding fragmentation. Initia is also launching an airdrop with claims available until May 24, 2025. The native token, INIT, has a fixed supply of 1 billion, distributed across eight categories.

Check out the latest prices, charts, and data of 

, an institutional-grade fund providing diversified exposure to yield-bearing digital assets. In partnership with Securitize, which has tokenized over $3B in assets, the fund aims to fill a market gap by offering native yield generation in a traditional fund format. Mantle Treasury has committed up to $400M as the anchor investment. The fund will rebalance quarterly and incorporate DeFi-native staking strategies, such as mETH and bbSOL, while ensuring investor protections. MI4 targets both crypto-native and traditional investors, with Phase 1 rollout scheduled for Q2 2025.

Yesterday, BTC spot ETFs saw a total inflow of $114.7 million, all from non-GBTC funds, while GBTC recorded no flow.

Dolomite, the 10th largest DeFi lending app, is launching a 200M token 

 (20% of total supply) during its TGE on April 24, rewarding users based on platform usage. The DOLO token powers a three-token system alongside oDOLO and veDOLO, enabling incentives, governance, and potential revenue sharing. With over $800M in TVL, Dolomite expands to Berachain, integrating with its Proof of Liquidity system to offer advanced lending features and asset utility.

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Mantle launches MI4 fund for institutional-grade digital asset exposure and yield generation

Bybit Learn

DeFi

Stargate Finance is a decentralized crypto exchange with modern features that aims to deliver a fully composable native asset bridge. Read more about it here.

Decentralized cryptocurrency exchanges are becoming increasingly popular among crypto investors who want their every transaction to be 100% anonymous and secure. 

 (DeFi) has grown rapidly, resulting in decentralized crypto exchanges adding more customized benefits to their platforms to differentiate themselves from the competition. Among the most ambitious projects is 

. The following is an in-depth and detailed guide on Stargate Finance and its many advantages.

Crypto users can also farm tokens. When a user stakes their own asset, they’re given the opportunity to govern the Stargate Finance exchange. If they want to use the platform, they have to connect their wallet to the exchange. The team behind the exchange has made sure the platform's layout and format are easy for both new and experienced investors to understand.

, which reduce the risk of losing a substantial sum of money since their price is pegged to a stable asset. Users also can earn high returns with unified liquidity pools as well as extensive farming features. Even though Stargate Finance was started by LayerZero Labs, it's considered to be a community-driven project. In fact, the exchange aims to provide users total transparency with documents and white papers that address any potential issues.

Stargate Finance was started by LayerZero Labs in March 2022. LayerZero exists as an 

. On March 15, Stargate Finance was launched on the 

Stargate’s objective is to make sure that cross-chain liquidity transfers can be done in a one-time transaction without any hassle. The platform facilitates one-click swaps from practically any asset that's available on any chain. The swaps can occur with all assets found on other chains.

Stargate Finance was designed specifically to solve the 

. When looking at traditional bridges that connect two blockchains together, a technique known as 

 is used, which requires separate pools to be maintained for the various tokens that are set to be bridged. When using a fractured scheme, each individual chain keeps its own liquidity pool, which is a complicated method for something that should be simple.

In order to resolve the issue, it's necessary to use a unified liquidity technique that allows deposits and withdrawals from multiple blockchains to originate from one liquidity pool. Every connection goes to the same pool. However, this benefit isn't available for free, and results in additional difficulties.

The main issue with unified liquidity is ensuring instant guaranteed finality of transactions. Let's say multiple transactions withdraw funds from the single liquidity pool at the same time. It's essential that the liquidity pool has enough funds to cover all of these transactions. If the pool is exhausted before the transactions are completed, the benefits of a shared liquidity pool become irrelevant.

The feature that allows Stargate to solve the bridging trilemma is LayerZero, because of its ability to properly transmit information. It helps connect every blockchain's liquidity, thereby improving the efficiency of the entire pool. Thanks to LayerZero, Stargate users are able to deliver liquidity on a single blockchain, after which an algorithm allocates portions of the liquidity to other connected blockchains. The process solves the trilemma by delivering instant guaranteed finality, native asset transactions and unified liquidity.

When transactions are successfully performed from a source blockchain, instant guaranteed finality guarantees that funds will be on the destination chain. The technique is achieved with a lock+mint and burn+redeem mechanism, in which assets are minted directly on the destination blockchain.

In this scenario, the assets cannot revert to the source's blockchain since they weren't created there. The downside to this technique is that users will receive what's known as a synthetic asset. This asset must be swapped for the one you meant to obtain before it can be used.

Native asset transactions occur when native assets are directly swapped instead of being converted to wrapped assets, which requires extra swaps to ensure you receive the asset you intended to buy. 

Certain cross-chain bridges work to issue bonds whenever liquidity is too low. For instance, 

, previously known as Anyswap, provides 1:1 

 to users who transfer USDC when its liquidity is insufficient. In this situation, native asset transactions are sacrificed for the instant guaranteed finality, since the user must have an extra layer of trust with Multichain. USDC is also abandoned to acquire anyUSDC.

If native asset transactions and instant guaranteed finality are fully ensured, a liquidity pool will need to be developed between each pair of blockchains if a dynamic allocation algorithm isn't used. Unified liquidity identifies whether the liquidity on both of the chains can be uniformly used. The total number of different pools that need to be constructed depends on the number of blockchains from which the transactions occur. More blockchains equals more pools, which significantly lessens capital efficiency.

To solve the bridging trilemma, the Stargate platform uses an advanced cross-chain bridge mechanism, as well as a balancing algorithm called the delta algorithm. When these two mechanisms are combined, cross-chain liquidity and native token transfers are possible.

Cross-chain bridges let users send fully native assets to separate blockchains without requiring intermediate tokens to be created. These transactions can also occur without depreciation of composability or 

Keep in mind that cross-chain bridges are operational because of the unified liquidity pool shared between multiple chains, meaning that every bridge will have instant guaranteed finality, no option for transaction reversion, and enough liquidity to make sure all transactions are successfully completed.

Sending assets from one cryptocurrency network to another is a common challenge for blockchains. Stargate Finance was created on LayerZero, an omnichain interoperability protocol, to simplify the process of sending assets from one network to another.

Stargate Finance wants unified liquidity pools, access to native assets, and a fully guaranteed destination for the funds to be included on every bridge.  The platform is mainly used for transferring assets between blockchains at a 1:1 ratio, which means users can swap USDT from the 

 blockchain with USDT from the BNB chain.

Stargate Finance has also created its own token, STG, to expand its features and offerings. Along with native swaps, Stargate Finance offers farming and liquidity pools, the latter giving users the opportunity to earn a certain amount of stablecoins for their farming.

Crypto investors can earn and farm the STG token, and stake the tokens to earn veSTG, the platform's 

. Users who earn veSTG can take part in deciding the future of Stargate Finance.

As the first native asset bridge that aims to solve the bridging trilemma, Stargate Finance is equipped with many features that distinguish it from similar crypto projects, including Stargate transfer, liquidity pools, 

, staking, rebalancing fees and omnichain composability.

Stargate is able to swap native assets 1:1 across different blockchains by accessing unified liquidity pools. The transfer that's sent from the source blockchain is guaranteed once it reaches the destination blockchain.

Because of the Stargate transfer feature’s design, users no longer need to contend with transactions failing because of a lack of liquidity or issues with a wrapped token. You'll also receive a fully native asset, as opposed to a synthetic wrapped asset that would need to be swapped for the correct one after the transaction is completed.

Stargate Finance also provides access to liquidity pools from different networks, which means users are able to place liquidity in any pool as long as they have the correct assets. Since Stargate accommodates only liquidity pools of stable assets, users who place their assets in these pools can expand their investment portfolios with the rewards they receive.

You can yield farm only when you provide liquidity to Stargate's pools. Once you've provided liquidity, you can farm liquidity pool tokens to earn STG. After you receive STG, you can choose to either hold onto the token to obtain additional benefits, or swap the token for other assets that you can eventually withdraw into your wallet. Yield farming is certainly a great option when you want to obtain an income stream and regular rewards for the investments you make.

If you're an STG holder, you can stake your tokens in order to earn veSTG, which is Stargate's governance token. Once you have veSTG tokens, you're able to vote for all initiatives and proposals that are brought up for discussion.

Since the instant guaranteed finality feature with native assets is a core aspect of Stargate, the exchange’s performance requires any destination chain to have enough reserve balance available to ensure that swap transactions are properly handled. The protocol starts with balances at the optimal target balance.

However, additional swap transactions will reduce these balances on destination chains, while at the same time increasing others on source chains. Stargate implements 

 to incentivize users to perform swaps that “refill” low native asset balances and dissuade them from performing additional transactions that could deplete reserves. These rebalancing fees typically depend on the current balance and transaction size of any potential transaction. 

The rebalancing fees that are accrued are all sent to a reward pool, which will later be distributed to any user who performs a “refilling” transaction. The amount they receive will be proportional to how close the post-transaction balance returns to the optimal target balance.

Stargate currently accommodates one-click swaps with all assets and all blockchains. This is extremely beneficial, as it obviates the need to transfer one asset on a blockchain for another asset on a different blockchain. For instance, it's possible for a Stargate user to exchange 

In the event that the blockchain isn't on Stargate, users need to connect their wallet directly to the Ethereum mainnet, after which they must navigate to a chain and swap DAI for USDC, since Polygon doesn't support DAI. The next step involves locating a first-gen bridge that allows USDC to be swapped for a wrapped version of the token.

MetaMask must then be connected to Polygon and bridged, which involves paying a fee. At this point, an 

 (AMM) needs to be located on BNB Chain. A USDC-wrap must be swapped for AAVE, which requires you to pay another fee. At the end of this process, you’ll need to go back to the Ethereum mainnet and repeat the process once more.

With the inclusion of omnichain composability, users can swap DAI with AAVE in a single transaction that starts from the source blockchain. When using 

, you can complete this process from a single interface. Fees for the source chain and destination chain are only paid once.

 is known as the first decentralized exchange to effectively leverage the Stargate platform. This ensures that unified liquidity pools can be accessed from any blockchain, which was guaranteed once SushiXSwap launched. The goal of cross-chain liquidity is to simplify the transaction process for users and developers alike.

Developers are given large pools of liquidity that are capital-efficient and don't require liquidity pool emissions to be managed. SushiXSwap also allows customers to gain access to various native assets. Decentralized applications aren't necessary with Stargate, since the platform wants liquidity pools from different chains to have instant access to liquid inventory, as well as automation for cross-chain inventory management.

As mentioned previously, STG is Stargate’s native token. STG tokens are used for liquidity provision, staking, and making governance decisions that pertain to the Stargate protocol. As a token holder, you can stake your STG to receive veSTG, after which you can take part in governance votes. If you lock your veSTG for an extended period of time, you'll receive more rewards. In fact, the Stargate protocol uses a type of time-weighted system that increases the amount of veSTG stakers obtain based on how long the tokens are locked.

Users can add liquidity directly to the Stargate protocol, after which they receive stablecoin rewards. These rewards are provided for every transfer. The fee for a non-STG transfer on Stargate is 0.06%. It's also possible for liquidity pools to farm liquidity pool tokens to obtain STG rewards.

At the moment, some of the individuals who are taking part in farming with the unified liquidity pools are receiving an 

 near 30%. Because of these appealing yields, Stargate should continue to increase its 

. The maximum supply for STG is one billion tokens. However, the circulating supply is just over 133 million tokens.

Tokens allocated for the initial launch auction, investors and the team at Stargate are set to be locked for a total of 12 to 24 months, which ensures that supply remains low while the protocol grows. The current price for this token is $0.59, with a market cap of more than $78 million. The 

, the Stargate Finance token will reach a high of $0.954 by the end of 2022. It's possible, however, that it will grow to a max price of $1.836 when taking the PortalCripto price prediction index into account.

By 2025, the STG token may be worth $2.213. It's expected that the minimum value for Stargate Finance in 2030 will be $1.959. Based on these estimations, the max price could be as high as $3.612.

STG can be purchased on a wide range of cryptocurrency exchanges, one of which is Bybit. If you'd like to purchase the STG token via Bybit, the first thing you must do is log in to your existing Bybit account or 

 into the search bar in the top center of the 

 page. When you click on the result, you'll be taken to the 

 page, which shows you the current market buy and market sell prices. On the right side of the page is the area where you can create a buy order for this token.

Stargate has already appealed to thousands of new and experienced crypto investors because it solves the bridging trilemma. The platform provides a number of features, as well as great opportunities for earning income and expanding your portfolio. Because of how this platform works, it's easy for users to swap different assets without taking on too much risk.

At the moment, the main issue with this platform is its focus on stablecoins, which reduces coin diversity. However, Stargate Finance should improve in this regard in the months and years to come. Because of its high value proposition, Stargate Finance is a great platform in which to invest.

While there are thousands of different cryptocurrencies and projects you can place your money in, Stargate Finance offers a powerful native asset bridge that other projects don't have. Whether you want to farm tokens or take part in protocol governance, investors have numerous options when joining the Stargate Finance platform. If you'd like to buy the STG token, you can complete a buy order on Bybit in just a few steps.

Stargate Finance (STG): A Fully Composable Native Asset Bridge

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