Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger

LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger

BeInCryptoBeInCrypto2025/08/24 03:00
By:Oluwapelumi Adejumo

The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.

LayerZero has finalized the acquisition of Stargate Finance in a $120 million transaction settled entirely in its native ZRO token.

On August 24, the LayerZero Foundation confirmed that the deal will consolidate two of the industry’s most widely used platforms under one governance and token framework.

Stargate DAO Members Vote 94% in Favor of LayerZero Acquisition

The acquisition was approved through a community vote. More than 94% of Stargate DAO participants supported the move. Notably, turnout was unusually high, with over 15,000 members casting more than 7.5 million veSTG tokens.

The Stargate DAO’s approval dissolves the organization and initiates the migration of STG tokens into ZRO at a fixed rate of 1 STG = 0.08634 ZRO. Both liquid and staked balances will be eligible for conversion.

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

LayerZero said Stargate will allocate 50% of its top-line revenue to holders for six months after the vote’s approval. The remaining half will support a buyback program designed to reduce the circulating supply of ZRO.

However, once the six-month window ends, all future excess revenue will be directed to the buyback program, further cutting ZRO’s supply.

Meanwhile, Stargate’s bridge will remain fully operational, ensuring users continue to access cross-chain transfers without disruption.

LayerZero noted that the integration would expand Stargate’s product suite beyond bridging and stablecoin liquidity to include swaps, vaults, and other financial infrastructure.

Stargate has been central to cross-chain liquidity since its launch in 2021. Originally developed within LayerZero before becoming a DAO, the protocol has processed more than $70 billion across 50 blockchains.

Its reabsorption now marks one of the first nine-figure acquisitions of a decentralized organization. The deal highlights how tokenholder governance can deliver outcomes on par with traditional corporate transactions.

LayerZero co-founder and CEO Bryan Pellegrino framed the deal as a natural extension of the company’s long-term roadmap.

He said Stargate will serve as both an access point for end users and a revenue-producing asset. It will also help LayerZero accelerate the speed at which value can move across blockchains.

Data shows ZRO climbed 4.7% to $2.17, while STG rose 4.9% to $0.19 immediately after the announcement. However, those gains later reversed, returning both assets to prior levels as of press time.

LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger image 0ZRO Token Price Chart. Source: BeInCrypto

Still, the temporary spike underscored renewed confidence in the combined platform’s role in advancing blockchain interoperability, despite broader volatility across digital assets.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Elon Musk takes Apple and OpenAI to court for ganging up on him

Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.

Cryptopolitan2025/08/25 20:40
Elon Musk takes Apple and OpenAI to court for ganging up on him

Porsche abandons EV battery plans as European carmakers struggle to gain market share

Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.

Cryptopolitan2025/08/25 20:40
Porsche abandons EV battery plans as European carmakers struggle to gain market share

Cardano announces comprehensive XRP integration

CryptoValleyJournal2025/08/25 19:30
Cardano announces comprehensive XRP integration