Wormhole Foundation Moves to Outbid LayerZero for Stargate

TLDR: Wormhole Foundation is preparing a counter-offer to LayerZero’s $110M Stargate bid, requesting a five-day vote suspension. LayerZero’s $110M deal values Stargate assets below treasury levels, sparking Wormhole’s challenge for a fairer process. Stargate processed $4B in July bridge volume, showing 10x yearly growth and underscoring its rising market position. Stargate DAO treasury holds $92M [...]

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