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3w ago

LayerZero Finalizes Stargate Acquisition After DAO Vote, STG Holders Get Fixed Swap to ZRO

The decision folds Stargate’s bridge into LayerZero’s interoperability stack under a redemption plan with a six‑month revenue share for prior stakers.

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Overview

  • Stargate tokenholders approved the deal with roughly 95% support, casting over 7.5 million veSTG across more than 15,000 addresses.
  • STG can be redeemed for ZRO at a fixed 1 STG = 0.08634 ZRO rate via a dedicated contract that is open with no deadline.
  • veSTG locked before Aug. 10 will receive 50% of protocol revenue for six months, with the remainder directed to ZRO market buybacks.
  • StargateDAO has been dissolved, staking is terminated with locked tokens unlocking for redemption, and governance shifts to the LayerZero Foundation.
  • Rival proposals, including Wormhole’s reported $120 million cash bid, were rejected as voters opted for alignment with LayerZero’s roadmap.