LayerZero Proposes $110 Million Buyout of Stargate Bridge and Token

LayerZero Foundation has put forward a $110 million proposal to acquire the Stargate cross-chain bridge and all outstanding STG tokens, seeking to fold the asset into its own interoperability network.

The offer, presented to the community-run Stargate DAO, would let holders swap each STG for 0.08634 of LayerZero’s native token ZRO, valuing STG at about $0.1675 at the time of the announcement. If approved, the Stargate DAO would be dissolved and the bridge’s operations absorbed into the LayerZero ecosystem.

The plan still requires a governance vote. Early market data showed ZRO climbing roughly 10 percent after the disclosure, while STG gained around 5 percent to trade near $0.175.

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