LayerZero has officially announced that Stargate DAO has approved its acquisition of Stargate (STG). Stargate DAO members voted 95% in favor of the acquisition, and STG holders will be able to convert their tokens to ZRO on Monday.
On August 11, the LayerZero Foundation proposed to acquire Stargate Cross Chain Bridge and its STG tokens for $110 million. Under the terms of the proposal, STG tokens will be deactivated and STG holders will be able to exchange their tokens for LayerZero native token ZRO at a rate of 1 STG to 0.08634 ZRO, which is equivalent to $0.1675 per STG and $1.94 per ZRO.
LayerZero's $110 million acquisition of Stargate approved
2025-08-24 00:35:21
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