Stargate Community Approves LayerZero’s $110M Bid, STG Swap Could Return Token to LayerZero
The post Stargate Community Approves LayerZero’s $110M Bid, STG Swap Could Return Token to LayerZero appeared on BitcoinEthereumNews.com. The LayerZero Stargate acquisition is a $110 million deal approved by Stargate token holders with ~95% support, returning Stargate to LayerZero control and swapping all circulating STG for ZRO at a fixed 1 STG = 0.08634 ZRO ratio, while rival bidders Wormhole, Axelar and Across signalled last‑minute interest. Community approval: ~94.76% of stake weight (over 15,000 addresses) voted to approve LayerZero’s $110M proposal. Competitive bids: Wormhole offered $120M cash; Axelar and Across expressed interest pending a competitive process. Token mechanics: All circulating STG will be swapped to ZRO at a 1:0.08634 ratio; LayerZero revised revenue share to favor stakers for six months. LayerZero Stargate acquisition approved by community; STG to ZRO swap set, review details and next steps for STG holders on the official forum. What is the LayerZero Stargate acquisition? LayerZero Stargate acquisition is a $110 million transaction approved by Stargate token holders that returns Stargate to LayerZero control. The approved agreement swaps all circulating STG for LayerZero’s ZRO token at a fixed ratio and allocates six months of revenue sharing to stakers. ‘, ‘
The post Stargate Community Approves LayerZero’s $110M Bid, STG Swap Could Return Token to LayerZero appeared on BitcoinEthereumNews.com.
The LayerZero Stargate acquisition is a $110 million deal approved by Stargate token holders with ~95% support, returning Stargate to LayerZero control and swapping all circulating STG for ZRO at a fixed 1 STG = 0.08634 ZRO ratio, while rival bidders Wormhole, Axelar and Across signalled last‑minute interest. Community approval: ~94.76% of stake weight (over 15,000 addresses) voted to approve LayerZero’s $110M proposal. Competitive bids: Wormhole offered $120M cash; Axelar and Across expressed interest pending a competitive process. Token mechanics: All circulating STG will be swapped to ZRO at a 1:0.08634 ratio; LayerZero revised revenue share to favor stakers for six months. LayerZero Stargate acquisition approved by community; STG to ZRO swap set, review details and next steps for STG holders on the official forum. What is the LayerZero Stargate acquisition? LayerZero Stargate acquisition is a $110 million transaction approved by Stargate token holders that returns Stargate to LayerZero control. The approved agreement swaps all circulating STG for LayerZero’s ZRO token at a fixed ratio and allocates six months of revenue sharing to stakers. ‘, ‘
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