Summary
- It was reported that Stargate DAO approved the acquisition proposal from LayerZero.
- It was noted that through this acquisition, the Stargate Token (STG) will be converted to LayerZero’s ZRO token.
- It was reported that LayerZero was ultimately selected as the final acquirer amid the interest from Wormhole, Axelar, and Across Protocol.
The cross-chain bridge Stargate (STG) DAO (Decentralized Autonomous Organization) has approved LayerZero's (ZRO) acquisition proposal.
On the 25th (Korea time), overseas news feed channel Unfolded reported that Stargate DAO approved LayerZero’s acquisition proposal despite the interest from Wormhole (W), Axelar (AXL), and Across Protocol (ACX).
Previously, LayerZero presented an acquisition proposal involving converting Stargate Token (STG) to LayerZero’s ZRO token.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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