LayerZero to Acquire Stargate Bridge: $110 Million Deal Proposed

LayerZero Foundation has proposed acquiring Stargate bridge for $110 million, aiming to retire the STG token and replace it with ZRO. This proposal is now under community scrutiny. Key details**: The acquisition aims to streamline operations and integrate into LayerZero’s ecosystem more seamlessly. The deal requires community feedback on governance, potential changes in liquidity, and token swap processes for existing STG token holders. Financial implications include market dynamics shifts as STG holders transition to ZRO. Stargate’s DAO governance structure may also see changes under the new ownership model. This acquisition is expected to lead to more cohesive integration strategies within LayerZero’s ecosystem. Discussions on potential regulatory adjustments for DAO structures are also taking place.