LayerZero Acquires Stargate Finance in $120 Million Deal: A Major Cross-Chain Shift

LayerZero has made a significant move in the cross-chain ecosystem, acquiring Stargate Finance for $120 million in ZRO tokens. The acquisition received strong support from the Stargate DAO, with 94-95% of members voting in favor. This merger will unify cross-chain governance under ZRO, effectively phasing out STG. This pivotal deal brings together two leading players and promises to impact the landscape of cross-chain protocols significantly.