Nearly 95% of voters supported the proposal, which dissolves the Stargate DAO and swaps its native STG tokens for LayerZero’s […]
The post LayerZero Secures $120M Deal to Absorb Stargate DAO Amid Rival Bids appeared first on Coindoo.
Cross-chain protocol LayerZero has announced the acquisition of multichain bridge Stargate Finance for $120 million worth of ZRO tokens. Stargate Finance DAO approved the deal with an overwhelming majority. The acquisition will see LayerZero and...
The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.
The post LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger appeared...
Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition. In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain...
The crypto market kicked off the week with bullish momentum as LayerZero Foundation revealed a $110 million proposal to acquire the Stargate cross-chain bridge. This sparked a sharp rally in both LayerZero’s ZRO token and Stargate’s STG token, which...
The LayerZero Foundation has proposed a full acquisition of the cross-chain bridge Stargate (STG) to merge its token economy into the main LayerZero ecosystem. If the proposal is approved, it would consolidate the two protocols’ infrastructure under...
LayerZero’s $110 million proposal to absorb Stargate and retire STG tokens could reshape governance, tokenomics, and the future of multi-token models—while igniting immediate market reactions.
The post LayerZero Proposes $110 Million Stargate...
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