Скачать или смотреть 🧐👉 Why a Crypto Community Rejected a Higher Bid in LayerZero's $110M Acquisition

🚀 LayerZero has successfully acquired the cross-chain platform Stargate in a landmark $110 million deal, concluding a heated multi-protocol bidding war.

Key Details of the Acquisition
🗳️ The Stargate DAO approved the proposal with an overwhelming 95% majority, showcasing strong community alignment with LayerZero's vision. The vote saw one of the highest participation rates in Stargate's history.

💰 Despite a higher all-cash offer of $120 million from rival Wormhole, the community opted for LayerZero's strategic proposal. Other protocols like Axelar and Across also showed interest, turning this into a rare DeFi bidding spectacle.

What the Deal Means
🤝 Under the agreement, Stargate's governance will be integrated into the LayerZero ecosystem. STG token holders will be able to swap their tokens for ZRO, and stakers will receive 50% of protocol revenue for the next six months.

🔗 This move is a significant consolidation in the blockchain interoperability space. By bringing Stargate—a protocol it originally developed—back under its control, LayerZero solidifies its infrastructure for seamless value transfer across different blockchains. The focus now shifts to how this integration will enhance the network and benefit users in the long run.

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