LayerZero Acquires Stargate Finance: DAO Approval Fuels $120M Deal

LayerZero has completed its acquisition of Stargate Finance, a move that marks one of the largest DAO (Decentralized Autonomous Organization) buyouts in crypto history. With 95% approval from STG token holders, this significant transaction reshapes the landscape for cross-chain interoperability and promises to reshape market dynamics. While the acquisition received widespread support, concerns regarding the speed of the process have been raised by industry leaders.