LayerZero Proposes $110 Million Acquisition of Stargate Token, Aiming for Bridging Dominance

LayerZero Foundation has unveiled a proposal to acquire all circulating Stargate tokens in a bid to consolidate control over one of the most prominent cross-chain bridges in the market. The proposed buyout, valued at $110 million, will be paid entirely in ZRO tokens, aiming to dissolve the Stargate DAO and merge its governance under LayerZero’s structure.