Stargate Foundation Director: Multi-chain tokens are an effective solution to the problem of liquidity fragmentation

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ODAILY
09-19
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Odaily Odaily News: Angus Lamps, head of the Stargate Foundation, said today at the Abstract Summit hosted by Connext that for cross-chain asset transfers, the burn and mint model has unlimited scalability and does not require the setting up of solvers or AMMs on different chains. The advantage of this model is that it can significantly reduce costs. For example, it only costs about $0.04 to transfer $330 million worth of Bitcoin. He also pointed out that multi-chain tokens are an effective solution to the problem of liquidity fragmentation.

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