LayerZero Foundation proposed a $110 million buyout of Stargate, swapping out STG for ZRO tokens to consolidate control over the cross-chain bridge.
Posted August 11, 2025 at 10:12 am EST.
The LayerZero Foundation has proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG token.
The proposal aims to bring Stargate, which LayerZero originally launched in 2022, under the LayerZero Foundation’s direct ownership and operation.
Under the terms, the Stargate DAO would be dissolved, and the STG token would be discontinued. STG holders would be able to exchange their tokens for LayerZero’s native token, ZRO, at a fixed rate of 1 STG for 0.08634 ZRO.
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After a seven-day discussion period ends, the proposal will move to a snapshot vote carried out over three days, where token holders will decide the outcome. A quorum will be reached with 1.2 million vote-escrowed STG (veSTG) tokens and a minimum threshold of 70% in favor.
“Tldr; We want to move faster, ship incredible product and win. Let’s bring the bridge home,” said the LayerZero Foundation in the proposal.
The STG token, which has failed to gain momentum since its launch, surged 14% after the proposal was introduced. However, the token is still trading 95% below its all-time high.
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