Overview

• The proposal entered a seven-day discussion phase on August 10 on the Stargate DAO forum and will require 70% approval and a quorum of 1.2 million veSTG to pass.
• ZRO climbed about 15% and STG rose roughly 12% after the announcement, boosting the swap’s market-implied value from $110 million to nearly $127 million.
• All circulating and staked STG would convert to ZRO at a set rate of 1 STG to 0.08634 ZRO, based on ZRO’s $1.94 price at the time of the offer.
• If approved, the Stargate DAO would dissolve and its bridge revenues—which yielded nearly $939,000 in the past three months—would fund perpetual ZRO buybacks.
• Many STG holders argue the swap undervalues their tokens and eliminates staking rewards, raising doubts about achieving the required community support.