Stargate V2 vs Wormhole: Risk & Value Comparison

Stargate V2

Bridge

Risk

B-

Value

D+

Dead Money

Wormhole

Bridge

Risk

C+

Value

C-

Neutral

Stargate V2
Wormhole
Sector
Bridge
Bridge
Risk Score
32/100
42/100
Risk Grade
B-
C+
Value Score
28/100
38/100
Value Grade
D+
C-
TVL
$109M
$1.5B
FDV
$32,935
$171M
Mechanisms
5
7
Interactions
4
6
Quadrant
Dead Money
Neutral

Risk Dimension Comparison

Mechanism Novelty/ 15
Stargate V2
3
Wormhole
5
Interaction Severity/ 20
Stargate V2
6
Wormhole
11
Oracle Surface/ 10
Stargate V2
2
Wormhole
0
Documentation Quality/ 10
Stargate V2
2
Wormhole
3
Track Record/ 15
Stargate V2
3
Wormhole
10
Scale Exposure/ 10
Stargate V2
5
Wormhole
7
Regulatory Risk/ 10
Stargate V2
3
Wormhole
2
Protocol Vitality/ 10
Stargate V2
8
Wormhole
4

Value Dimension Comparison

Fee Capture/ 25
Stargate V2
8
Wormhole
10
Token Distribution/ 25
Stargate V2
8
Wormhole
0
Emission Sustainability/ 25
Stargate V2
5
Wormhole
8
Competitive Moat/ 25
Stargate V2
7
Wormhole
20

Verdict

Stargate V2 is the safer protocol with a risk score of 32/100 (B-) compared to 42/100 (C+).

Wormhole has stronger value accrual (C-, 38/100) compared to D+ (28/100).