Stargate Finance partners with Metis for Interoperable Cross-Chain Data

Stargate Finance, an open-source protocol for interoperable cross-chain data, has announced that it will integrate with Metis, a layer-2 scaling solution for cross-layer messaging.

This integration will allow Stargate Finance users to benefit from Metis’s faster and cheaper layer-2 solutions for cross-chain messaging, which is a critical component of the Stargate Finance ecosystem.

According to the co-founder of Stargate Finance, this integration will help to “address the scalability, cost, and interoperability challenges that are currently facing the blockchain industry.”

The goal is to create an Omni-chain ecosystem where crypto users can seamlessly interact with web3 solutions like decentralized exchanges and yield aggregators, regardless of the native blockchains those solutions were initially built on.

Metis is a layer 2 protocol based on Ethereum’s blockchain network. Similar to other layer 2 chains, Metis improves scalability, enabling faster transactions at lower costs without trading the network security that Ethereum is famed for.

The project also includes an NFT bridge, a web3 storage solution, a framework for decentralized autonomous companies (DACs), and a middleware protocol called Polis.

The integration of Metis is a big step in LayerZero’s expansion into the Layer 2 ecosystem of Ethereum, allowing for a unified flow of messaging across the entire Ethereum ecosystem.

According to the official announcement, Stargate Finance will provide support for Tether’s USDT stablecoin on Metis.

Users leveraging Metis’ layer 2 solutions on Avalanche, BNB Chain, and Ethereum will be able to tap crypto’s largest stablecoin by market cap.