by: xpoolPosted on:

Stargate’s Future: Wormhole Offers Competitor Bid Amidst LayerZero Acquisition Proposal

A potential bidding war is brewing in the DeFi space as Wormhole proposes a competing acquisition offer for Stargate, a protocol known for its robust cross-chain activity. This follows LayerZero’s controversial proposal to acquire Stargate’s assets for $110 million worth of ZRO tokens. The deal has faced criticism from community members who argue that it undervalues the protocol and offers insufficient compensation for ongoing revenues.

Related posts:

  1. LayerZero to Acquire Stargate: $110 Million Deal Raises Questions About Tokenization & Ownership
  2. Stargate DAO Stands Firm Against $138 Million LayerZero Acquisition
  3. LayerZero Acquires Stargate for $110 Million, Retiring STG Token
  4. LayerZero to Acquire Stargate Protocol in $110 Million Deal