Introducing the First Version of StarkNet Bridge: StarkGate Alpha

Jul 6, 2022 | DeFi Updates, Layer 2 Ecosystem

StarkGate Alpha is released, the first version of StarkNet’s Bridge, now live on Goerli testnet, with Mainnet deployment to follow soon.
StarkGate serves as a gateway between Ethereum and StarkNet, and allows users to do everything they can expect from a bridge.
Where can I find information on how StarkGate works?
To understand how StarkGate works, read the technical documentation and take a look at the code. Note that this is the first version, and we invite your feedback and suggestions on how to improve it.
Which tokens will be supported by StarkGate?
  • StarkGate Alpha on Goerli supports ETH and a few other ERC-20 tokens. The full list and the relevant contract addresses, both on Ethereum and StarkNet, are available in this repo.
  • On Mainnet, initially, StarkGate Alpha will only support ETH to allow the use of the fee mechanism. Later on, we will add support for WBTC, USDC, USDT, and DAI.
Further down the road, we will publish the mechanism for adding support for additional tokens.
What safety limitations will StarkGate Alpha have on Mainnet?
StarkGate Alpha on Mainnet is launched with two limitations — in order to reduce the risks involved in using an Alpha version:
  1. The total value locked (TVL) in the bridge on L1 will limit the amount of each token type.
  2. The maximum amount in each transaction sent from L1 to L2 (Ethereum→StarkNet) via StarkGate will be limited.

About Starknet

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation –  without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.

StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.

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https://serokell.io

Serokell is a software research and development company, focused on high complexity tasks in the area of computer science.
Our team is composed of developers, designers, engineers, computer scientists, and mathematicians, all to help you realize your vision.
We use functional programming to write robust code that works anywhere, anytime.

Initially, we worked with StakerDAO to implement the STKR governance token a monitoring app on Tezos. After that, we moved to BLND token and implemented a set of Ethereum contracts for holding BLND and performing buyback with them.

We also implemented a web app to run the buyback process.

After that, we designed and implemented the Bridge application and associated set of contracts that allow exchanging BLND and wXTZ tokens between Ethereum and Tezos.
We are working on Bridge backend support for ALgorand now.

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BLNDSTKRStakerBridge

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Contract development (Ethereum, Tezos)
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Development of applications interacting with Tezos, Ethereum and Algorand blockchains.

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https://randlabs.io/

Rand Labs is a blockchain development lab specialized in Algorand technology.

At Rand Labs we have developed specialized expertise in blockchain technology. Through 8 years of experience, we have worked closely with all major blockchain protocols and have garnered valuable experience in the industry that helps us deliver the maximum quality in our products and those of our partners.

We spend years training and advancing our team members' skills by facing ever more complex technical challenges in the blockchain space. Having helped and participated in the development of many of the most popular blockchain products in the world since 2013, we are in the capacity to deliver quality solutions regardless of the difficulty of the problem.

Despite having built numerous blockchain products and consensus upgrades from scratch, we believe a business-oriented acumen is as important in delivering maximum product-market fit. With our long history in the industry, we have developed a valuable network of relationships that is available to our partners. Additionally, The Rand Labs management team has been very active as investors and advisors in the space. We have invested in and advised very successful projects. As important, we have seen many projects fail which allowed us to learn valuable insights from those failures.

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wALGOStakerBridge

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Product DevelopmentAlgorand Smart Contract development and auditsBackend developmentInfrastructureDev ops UX UI

Fun Facts

Rand Labs has always been a fully remote company, way before the impacts created by COVID. We believe this has allowed our company to operate completely crypto native, including payroll, corporate structure, and revenue. We feel that by operating this way, every individual in our team is positioned to deliver the best products and solutions of this industry.

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https://stove-labs.com/

Learn more on Stove Labs Github, Twitter, and Telegram.

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wXTZStaker Farms

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Tezos BlockchainIPFSReasonMLSmart ContractsOpensourceDAPPsTutorials

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https://www.staker.services/

Staker Services provides technical, business and operation services for the cross-chain era. The Operations team specialised in the DeFi ecosystem, with experience in launching products across chains - from Ethereum to Tezos, Algorand, Polkadot and more.

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BLNDwXTZWALGOSTKRStakerBridge

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DevBusiness DevelopmentProductMarketingLegalFinanceOperations

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https://chainsafe.io/

"ChainSafe Systems is a blockchain research & development firm with a focus on building infrastructure for Web3. We are actively contributing to the Ethereum, Ethereum Classic, Cosmos, Polkadot, and Filecoin ecosystems and are open to contributing to other Web3 ecosystems where we see merit. Feel free to visit our website or email [email protected] with any inquiries.”

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PINT

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Blockchain InfrastructureResearch & DevelopmentSmart Contract Audits

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Team members in 17 countries and counting!

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