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Coinbase Alerts Users to Stargate Finance Token Migration to LayerZero

Stargate Finance completes migration to LayerZero, requiring users to manually convert STG to ZRO via self-custody wallets, with no deadline specified.

Summary

Coinbase Markets has informed users that Stargate Finance (STG) has completed its migration to LayerZero (ZRO). Coinbase will not handle the conversion of STG to ZRO, leaving users to complete the process through compatible self-custody wallets. No conversion deadline has been provided.

Terms & Concepts
  • LayerZero (ZRO): An interoperability protocol enabling cross-chain communication and asset transfers between different blockchains.
  • Self-custody wallet: A cryptocurrency wallet where the user controls the private keys, allowing full control over their assets.
  • Token migration: The process of moving a cryptocurrency from one blockchain platform or contract to another.