{"id":8689,"date":"2025-08-25T04:03:11","date_gmt":"2025-08-25T04:03:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/layerzero-wins-110m-stargate-acquisition-deal-after-intense-bidding-war\/"},"modified":"2025-08-25T04:03:37","modified_gmt":"2025-08-25T04:03:37","slug":"layerzero-wins-110m-stargate-acquisition-deal-after-intense-bidding-war","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/layerzero-wins-110m-stargate-acquisition-deal-after-intense-bidding-war\/","title":{"rendered":"LayerZero wins $110M Stargate acquisition deal after intense bidding war"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Blockchain messaging protocol LayerZero has secured the $110 million acquisition of cross-chain platform Stargate after a heated, last-minute bidding war.<\/p>\n<div id=\"cn-block-summary-block_46bf7fdbf90212aefec988e59bec7648\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>LayerZero won Stargate\u2019s $110M acquisition with 95% DAO approval.<\/li>\n<li>Stargate stakers to receive 50% of revenue; rest goes to ZRO buybacks.<\/li>\n<li>Community chose LayerZero over rival bids from Wormhole, Axelar, and Across.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>With one of the highest participation rates in its history, the Stargate (STG) DAO <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/snapshot.box\/#\/s:stgdao.eth\/proposal\/0xf5516dd3c7c19d3182431ebac9af33abffdcba74a3440fdf851a96e58784d25c\" target=\"_blank\">approved<\/a> the acquisition on with a 95% majority vote. Over 7.5 million veSTG tokens were cast by more than 15,000 addresses. As part of the agreement, the DAO was shut down, and governance will be moved to the LayerZero (ZRO) ecosystem.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Stargate DAO has approved our acquisition of Stargate (STG).<\/p>\n<p>We\u2019ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.<\/p>\n<p>LayerZero is better money technology.<\/p>\n<p>Stargate is the interface for value transfer. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/U1QI1308dV\">pic.twitter.com\/U1QI1308dV<\/a><\/p>\n<p>\u2014 LayerZero (@LayerZero_Core) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/LayerZero_Core\/status\/1959411168805843093?ref_src=twsrc%5Etfw\" target=\"_blank\">August 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Stargate to shift to LayerZero control<\/h2>\n<p>Under the final agreement, Stargate stakers will receive 50% of protocol revenue for the next six months. The remaining 50% will be allocated toward LayerZero\u2019s ZRO token buybacks, which will strengthen token value. Additionally, holders of STG tokens will be able to convert them into ZRO at a fixed exchange rate of 1 STG = 0.08634 ZRO, starting Monday, Aug. 25.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>This is a structural change that aligns Stargate\u2019s cross-chain liquidity infrastructure with LayerZero\u2019s wider interoperability strategy as governance and operations move under the LayerZero umbrella.<\/p>\n<h2 class=\"wp-block-heading\">Rival bids fail to sway Stargate vote<\/h2>\n<p>Gaining approval wasn\u2019t an easy process. Because it terminated Stargate\u2019s staking program and allegedly undervalued its strong revenue generation, LayerZero\u2019s original proposal drew criticism from the community. Rivals were able to take advantage of this discontent, which led to a rare multi-protocol bidding war in decentralized finance.<\/p>\n<p>Wormhole (W), Axelar (AXL), and Across Protocol joined the battle immediately, with Wormhole even offering an all-cash bid of $120 million with accelerated payouts for holders of Stargate tokens. Despite the higher offer, Stargate\u2019s community ultimately stuck with LayerZero, emphasizing strategic alignment over short-term gains.<\/p>\n<p>Before being spun out as a DAO in 2022, LayerZero Labs initially incubated Stargate in 2021. LayerZero\u2019s reacquisition of Stargate solidifies its ecosystem and improves its standing in the cross-chain messaging and liquidity space in a time when interoperability is still a major DeFi bottleneck,<\/p>\n<p>Now that the acquisition is complete, focus is on how LayerZero will incorporate Stargate\u2019s infrastructure and whether the move will provide long-term benefits to both ZRO holders and Stargate\u2019s loyal supporters.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain messaging protocol LayerZero has secured the $110 million acquisition of cross-chain platform Stargate after a heated, last-minute bidding war. Summary LayerZero won Stargate\u2019s $110M acquisition with 95% DAO approval.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8689"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8689\/revisions"}],"predecessor-version":[{"id":8691,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8689\/revisions\/8691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8690"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}