In the first edition of Beyond The Bridge, we introduced Stargate as the omnichain liquidity layer, a protocol that powers value transfer across blockchains, enabling a new era of composable interoperability. In this first case study, we explore how Dinero leverages Stargate to deliver omnichain-powered liquid staking at scale.
Introduction to Dinero
Dinero, named after the Spanish word for “money”, is an Ethereum-based protocol that enables users and protocols to capture enhanced yield through ETH staking. Dinero achieves this through a unified system of modular primitives, including validator infrastructure and a suite of capital-efficient staking products.
At the core of Dinero’s ecosystem are its flagship liquid staking tokens, pxETH and apxETH. When users deposit ETH, it is immediately staked, and pxETH - the liquid representation of the staked ETH - is minted. To begin earning yield, users stake their pxETH to receive apxETH, which reflects accumulated rewards.
Stargate x Dinero: Unlocking Omnichain Liquidity
Dinero extends its liquid staking model with the introduction of chain-branded LSTs, enabling users to stake ETH and receive tokens native to their ecosystem, such as beraETH on Berachain or SeiyanETH on Sei. Each LST is backed 1:1 by mainnet-staked pxETH, preserving uniform yield and security. This model allows ecosystems to utilize Dinero’s service to maintain cultural alignment and brand identity on the frontend, while leveraging a shared, capital efficient staking model on the backend.
Stargate powers access to the omnichain infrastructure behind it, handling bridging, routing, and final settlement. With Stargate, Dinero preserves yield-backed integrity across chains, while providing a localized token experience. Today, Dinero operates across 7 chains, with a combined TVL exceeding $50M, enabling each ecosystem to grow its own culturally-aligned LST.
Since launch, Dinero has bridged more than 28,000 ETH through Stargate’s infrastructure.
Dinero Transaction Flow Powered By Stargate
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A user initiates a transaction to stake WETH on Berachain.
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Dinero mints beraETH instantly and sends it to the user.
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The WETH received on Berachain is set to be bridged to Ethereum mainnet.
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Using Stargate’s Hydra minting contract, the WETH is burned on Berachain.
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Corresponding ETH is unlocked on mainnet from Stargate’s ETH pool.
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That ETH is then staked into Dinero’s validator infrastructure.
Why Stargate is the Perfect Solution?
Stargate provides critical infrastructure that enables Dinero to scale staking utilising the Omnichain:
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Low-cost bridging, even for large transactions sizes, from L1s and L2s to mainnet.
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Instant guaranteed finality on transactions, settled without the risk of chain rollbacks.
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Fast execution, ensuring assets are bridged to Ethereum mainnet within minutes, minimizing the delay between LSTs issuance and underlying ETH staking.
Summary
Dinero’s integration with Stargate showcases the practical benefits of its omnichain architecture. It enables Dinero to deliver a culture first and ecosystem-specific experience, while maintaining a unified backend. As a result, Dinero gets to fully focus on growth and product, while Stargate provides an infrastructure that enables Dinero to scale. For developers building cross-chain applications, Stargate provides the tools needed to tap into the full potential of the Omnichain.
Contact us
To learn more about how you can leverage Stargate for your dApp or to deploy as a HydraChain, get in touch with Stargate’s DeFi Lead or visit our docs.