Bridged Wrapped Ether (Stargate) WETH

Bridged Wrapped Ether (Stargate) refers to the functionality provided by Stargate, the omnichain bridge launched in Spring 2022. It allows users to swap assets, such as DAI on Ethereum, to other assets, like AAVE on Polygon, even on decentralized exchanges that are not built on Stargate. It achieves this by enabling unified liquidity pools across multiple chains, increasing capital efficiency. This means that transactions can be executed faster and with greater liquidity access across different chains.

Bridged Wrapped Ether (Stargate) stands out compared to other cryptocurrencies due to its innovative features and capabilities. Firstly, Stargate is the first omnichain bridge that addresses the bridging trilemma using the novel ∆ (Delta) algorithm. This algorithm allows Stargate to be fully composable across multiple chains, meaning it can seamlessly interact and transfer assets between different blockchains.

Another unique aspect of Stargate is its ability to easily scale to any number of chains. This scalability ensures that Stargate can handle a growing number of chains without compromising its performance or functionality.

Additionally, Stargate provides unified native asset liquidity, which means that it has a single pool of assets that can be accessed by all the connected chains. This results in significantly higher capital efficiency compared to traditional pairwise pools.

Furthermore, Stargate offers an instant guarantee of finality for every transaction, ensuring that transactions are securely and quickly settled.

Overall, Stargate's combination of omnichain composability, scalability, unified liquidity, and transaction finality make it a unique and powerful cryptocurrency compared to others in the market.