LayerZero Stargate Acquisition: A Revolutionary Move for DeFi
Main Idea
The LayerZero Foundation has proposed acquiring Stargate (STG) through a token swap, aiming to integrate Stargate's omnichain-native asset bridge into the LayerZero ecosystem to enhance cross-chain interoperability in DeFi.
Key Points
1. The proposal involves swapping all circulating STG tokens for ZRO tokens at a rate of 1 STG for 0.08634 ZRO, applicable to staked, voting, or held tokens.
2. Future revenues from Stargate post-acquisition would be used to buy back ZRO tokens, potentially reducing ZRO's supply and increasing its value.
3. The acquisition could expand LayerZero's utility and market position, attracting new users and developers to the DeFi ecosystem.
4. The proposal is currently under a one-week review period on the Stargate community forum, with community feedback playing a crucial role in the final decision.
5. Stargate's technology as an omnichain-native asset bridge allows seamless transfer and interoperability of digital assets across different blockchains.
Description
BitcoinWorld LayerZero Stargate Acquisition: A Revolutionary Move for DeFi The world of decentralized finance is buzzing with significant news! The LayerZero Foundation (ZRO) has recently unveiled a groundbreaking proposal: the LayerZero Stargate acquisition . This potential merger aims to integrate Stargate (STG), a leading omnichain-native asset bridge, into the LayerZero ecosystem. This move could reshape how digital assets flow across various blockchains, making it a pivotal moment for inter...
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