LayerZero Acquires Stargate: DAO Approval Fuels Acquisition

LayerZero’s acquisition of the Stargate decentralized exchange (DEX) has received approval from its community, with 95% support according to a recent DAO vote. The $110 million deal involves exchanging STG tokens for LayerZero’s native ZRO tokens, impacting governance and utility of these assets. This transition marks a significant shift in cross-chain interoperability as LayerZero now controls the Stargate platform.