Stargate Deployment on Conflux

Background:

This governance proposal outlines the integration of Conflux Network’s eSpace with Stargate.

Conflux eSpace is a EVM-compatible chain with hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security.

The objective of this proposal is to:

1. Improve user bridging experience to and from Conflux eSpace for both Stargate and Conflux users
2. Enable Conflux to be infrastructurally connected to and share liquidity with other supported chains

About Conflux eSpace:

Conflux eSpace is an advanced EVM-compatible chain that delivers high performance, security, and affordability for decentralized applications, achieving lower gas fees and higher TPS than Ethereum. Its unique Tree-Graph consensus mechanism enhances scalability and cost-efficiency for developers and users alike.

Committed to bridging Web2 and Web3, Conflux collaborates with major companies, including China Telecom on a Blockchain SIM card, to onboard non-crypto users into Web3. As China’s leading regulatory-compliant public blockchain, Conflux offers strategic advantages for projects entering the Asian market, with partnerships across Shanghai, China Telecom, Little Red Book, McDonald’s China, and Oreo.

Our roadmap prioritizes privacy, scalability, efficiency, and interoperability, further supported by our new grant program focused on DeFi projects. With Layer 1 superiority, native Layer 2 support, advanced authenticated storage, and AI-integrated Proof of Useful Work, Conflux empowers developers, users, and miners to meet evolving digital demands.

Reasons for integration:

Conflux Benefits:

• Cross-Chain Access: Connects Conflux to Stargate’s ecosystem, enhancing collaboration with other networks, projects, and dApps.
• Seamless Transactions: Allows secure cross-chain transactions for a more interconnected, user-friendly experience.
• Increased Liquidity: Opens new DeFi opportunities, drawing liquidity providers, traders, and users from Stargate’s network.

Stargate Benefits:

• Protocol Leadership: Establishes Stargate as the main EVM bridge for key assets, securing essential bridging volume.
• Vision Alignment: Reinforces Stargate’s goal of supporting EVM chains and becoming a core transport protocol in omnichain DeFi.
• Expanded User Base: Brings Conflux’s users, developers, and projects into Stargate’s ecosystem, diversifying its network.
• Network Effect: Each new chain integration strengthens Stargate’s network and economic position, attracting more cross-chain projects and developers.

Proposal:

We propose for Stargate to deploy on the Conflux eSpace .

Conflux Foundation proposes for the following Stargate pools to be enabled upon successful deployment:

• USDT
• USDC
• WETH

To incentivize the launch, The Conflux Foundation is committed to:

1. Allocate $300,000 worth of CFX tokens to distributed as incentives for pools on eSpace for a 12 month period
2. Provide $50K initial liquidity per asset (for USDT, USDC, and WETH), so that it’s bootstrapped from the start
3. Incentives will be distributed on Conflux eSpace according to Stargate’s SIP-23 Data Driven Emission method.

In addition, Conflux Foundation will also commit to a comprehensive marketing campaign to ensure exponential traction of Stargate’s launch on Conflux.

After the 12-month incentive period, committing to reassess at that time.

Summary

Upon approval, Stargate will launch on Conflux eSpace. Stargate’s integration will enable seamless transfers between Conflux and major networks, unlocking new access points for cross-chain value transfer and fee generation.

This strategic move positions Stargate as a leading bridge within Conflux’s ecosystem, enhancing liquidity, trading volume, and user flexibility. This partnership also reinforces Conflux’s DeFi infrastructure while aligning with Stargate’s mission to become a top cross-chain liquidity layer. Together, both communities will advance a more interconnected DeFi ecosystem.