BlockBeats News, August 24th, LayerZero officially announced that the Stargate DAO has approved its acquisition of Stargate (STG). StargateDAO members voted 95% in favor of this acquisition, and STG holders will be able to convert their tokens to ZRO starting on Monday.
On August 11th, the LayerZero Foundation proposed to acquire Stargate's cross-chain bridge and its STG token for $110 million. According to the proposal terms, the STG token will be deprecated, and STG holders can swap their tokens for LayerZero's native token ZRO at a rate of 1 STG to 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO.
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