Wormhole Tried $120M, But Stargate DAO Handed LayerZero the Keys

TLDR: LayerZero acquires Stargate after governance approval, consolidating cross-chain messaging and liquidity under one foundation. Wormhole offered $120M in a failed counterbid for Stargate, Blockonomi reported earlier this month. STG token holders can convert to ZRO at a fixed 1 STG = 0.08634 ZRO rate with no deadline. veSTG stakers locked before August 10 will [...]

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