LayerZero Acquires Stargate, Reshaping DeFi Cross-Chain Governance

LayerZero has acquired Stargate, a significant move that involves a $110 million transaction and a shift in DeFi governance. This acquisition was approved by nearly 95% of the Stargate DAO participants, converting their $STG tokens to LayerZero’s $ZRO tokens. Notably, this transition dissolves the Stargate DAO structure entirely. The deal brings operational control over Stargate’s infrastructure and protocol revenues to LayerZero, led by CEO Bryan Pellegrino. This acquisition signifies a major step forward in blockchain interoperability for DeFi applications as institutional interest grows.