Stargate V1 vs Stargate V2: Risk & Value Comparison

Stargate V1 logoStargate V1

Bridge

Risk

B-

Value

C

Safe but Stale

Stargate V2 logoStargate V2

Bridge

Risk

B-

Value

D+

Dead Money

Stargate V1
Stargate V2
Sector
Bridge
Bridge
Risk Score
30/100
32/100
Risk Grade
B-
B-
Value Score
46/100
28/100
Value Grade
C
D+
TVL
$11M
$102M
FDV
$32,654
$32,654
Mechanisms
6
5
Interactions
5
4
Quadrant
Safe but Stale
Dead Money

Risk Dimension Comparison

Mechanism Novelty/ 15
Stargate V1
3
Stargate V2
3
Interaction Severity/ 20
Stargate V1
5
Stargate V2
6
Oracle Surface/ 10
Stargate V1
2
Stargate V2
2
Documentation Quality/ 10
Stargate V1
2
Stargate V2
2
Track Record/ 15
Stargate V1
3
Stargate V2
3
Scale Exposure/ 10
Stargate V1
3
Stargate V2
5
Regulatory Risk/ 10
Stargate V1
3
Stargate V2
3
Protocol Vitality/ 10
Stargate V1
9
Stargate V2
8

Value Dimension Comparison

Fee Capture/ 25
Stargate V1
12
Stargate V2
8
Token Distribution/ 25
Stargate V1
12
Stargate V2
8
Emission Sustainability/ 25
Stargate V1
10
Stargate V2
5
Competitive Moat/ 25
Stargate V1
12
Stargate V2
7

Verdict

Stargate V1 is the safer protocol with a risk score of 30/100 (B-) compared to 32/100 (B-).

Stargate V1 has stronger value accrual (C, 46/100) compared to D+ (28/100).