Stargate V1 vs tBTC: Risk & Value Comparison
Stargate V1
tBTC
Sector
Bridge
Bridge
Risk Score
30/100
30/100
Risk Grade
B-
B-
Value Score
46/100
38/100
Value Grade
C
C-
TVL
$11M
$437M
FDV
$32,654
$428M
Mechanisms
6
5
Interactions
5
4
Quadrant
Safe but Stale
Safe but Stale
Risk Dimension Comparison
Mechanism Novelty/ 15
Stargate V1
3
tBTC
3
Interaction Severity/ 20
Stargate V1
5
tBTC
6
Oracle Surface/ 10
Stargate V1
2
tBTC
2
Documentation Quality/ 10
Stargate V1
2
tBTC
2
Track Record/ 15
Stargate V1
3
tBTC
6
Scale Exposure/ 10
Stargate V1
3
tBTC
5
Regulatory Risk/ 10
Stargate V1
3
tBTC
2
Protocol Vitality/ 10
Stargate V1
9
tBTC
4
Value Dimension Comparison
Fee Capture/ 25
Stargate V1
12
tBTC
10
Token Distribution/ 25
Stargate V1
12
tBTC
12
Emission Sustainability/ 25
Stargate V1
10
tBTC
8
Competitive Moat/ 25
Stargate V1
12
tBTC
8
Verdict
Both protocols have identical risk scores (30/100), making them equally risky.
Stargate V1 has stronger value accrual (C, 46/100) compared to C- (38/100).