LayerZero Acquires Stargate Bridge for $110 Million, Planning Token Swap to ZRO

The LayerZero Foundation has proposed a massive acquisition of the cross-chain bridge platform Stargate, valued at $110 million. This move will see the transfer of Stargate’s native STG token into LayerZero’s ecosystem and its governance structure being merged with that of ZRO tokens. The proposal aims to integrate Stargate seamlessly within LayerZero’s existing infrastructure while dissolving Stargate’s DAO structure and transferring governance control to ZRO holders.