Layer Zero’s foundation has proposed a buyback program for its native token, STG, sparking a surge in the price of both STG and ZRO. The offer aims to dissolve the governing DAO (decentralized autonomous organization) for the Stargate bridge, which boasts significant trading volume and serves as a hub for Omnichain Fungible Tokens. The proposal outlines converting all circulating STG into ZRO at a rate of 1:0.08634, leading to a price jump in both tokens. 7 days are allocated for community feedback before a Snapshot vote with a 70% threshold is needed for approval. This move will integrate the Stargate bridge into the broader Layer Zero ecosystem, and any future revenue generated by it will be used to further reduce ZRO’s circulating supply through buybacks.