The post LayerZero wins $110M Stargate acquisition deal appeared on BitcoinEthereumNews.com. 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’s $110M acquisition with 95% DAO approval. Stargate stakers to receive 50% of revenue; rest goes to ZRO buybacks. Community chose LayerZero over rival bids from Wormhole, Axelar, and Across. With one of the highest participation rates in its history, the Stargate (STG) DAO approved 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. The Stargate DAO has approved our acquisition of Stargate (STG). We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects. LayerZero is better money technology. Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV — LayerZero (@LayerZero_Core) August 24, 2025 Stargate to shift to LayerZero control 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’s 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. This is a structural change that aligns Stargate’s cross-chain liquidity infrastructure with LayerZero’s wider interoperability strategy as governance and operations move under the LayerZero umbrella. Rival bids fail to sway Stargate vote Gaining approval wasn’t an easy process. Because it terminated Stargate’s staking program and allegedly undervalued its strong revenue generation, LayerZero’s 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… The post LayerZero wins $110M Stargate acquisition deal appeared on BitcoinEthereumNews.com. 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’s $110M acquisition with 95% DAO approval. Stargate stakers to receive 50% of revenue; rest goes to ZRO buybacks. Community chose LayerZero over rival bids from Wormhole, Axelar, and Across. With one of the highest participation rates in its history, the Stargate (STG) DAO approved 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. The Stargate DAO has approved our acquisition of Stargate (STG). We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects. LayerZero is better money technology. Stargate is the interface for value transfer. pic.twitter.com/U1QI1308dV — LayerZero (@LayerZero_Core) August 24, 2025 Stargate to shift to LayerZero control 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’s 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. This is a structural change that aligns Stargate’s cross-chain liquidity infrastructure with LayerZero’s wider interoperability strategy as governance and operations move under the LayerZero umbrella. Rival bids fail to sway Stargate vote Gaining approval wasn’t an easy process. Because it terminated Stargate’s staking program and allegedly undervalued its strong revenue generation, LayerZero’s 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…