Telos taps Stargate, Circle and BitGo to unlock liquidity and DeFi growth

Telos has integrated with several platforms across the crypto ecosystem as it looks to unlock cross-chain liquidity and decentralized finance opportunities.

The Telos Foundation announced the expansion via X, noting that Telos now leverages the technology and solutions of Stargate, BitGo, and Circle to enhance network security, accessibility, and liquidity.

Specifically, Telos is tapping into Stargate, a cross-chain liquidity protocol built on LayerZero, to enable multi-chain native asset transfers. This integration will allow users to bridge tokens between Telos and 30 other networks, opening new opportunities in a multi-chain decentralized finance ecosystem.

Other integrations include with Hydra, a part of Stargate v2 to bring assets such as wrapped Bitcoin (wBTC), USDC (USDC) and Tether (USDT) to Telos. 

“By bringing high-value, widely used tokens to Telos, Hydra enhances liquidity accessibility and fosters deeper DeFi engagement,” Telos Foundation wrote.

Telos’ wBTC and USDC integration is via BitGo and Circle, with the two companies among top ecosystem providers. Partnering with BitGo not only brings wBTC to Telos, but also ensures this happens with the support of a provider that can unlock liquidity for institutional access on the platform. 

Circle allows for a bridged version of its USDC stablecoin to go live on Telos, with this offering the option for native USDC to deploy on the Telos mainnet. 

According to DeFiLlama, the total value locked in DeFi protocols on Telos is currently around $16.6 million. The Telos TVL is spread across decentralized exchanges, lending protocols, real-world asset platforms and liquid staking providers among others.

Telos Foundation said in the announcement that the upgrades and integrations it has secured will be crucial to the Telos blockchain’s interoperability and footprint in DeFi. 

“The road is now open for massive liquidity to flow into the ecosystem, making Telos a prime destination for DeFi users and developers,” it noted.