The governance organization running the Stargate cross-chain bridge has approved LayerZero’s acquisition offer. The decisive voting, which ended yesterday, saw 7.2 million participants (94.76%) supporting the deal and 399.4K (5.24%) against. Source – stgdao The development raised eyebrows among the cryptocurrency community as it signalled a key momentum in the rivalry among interoperability networks. Meanwhile, LayerZero’s acquisition deal marks the end of Stargate DAO, with STG holders swapping their holdings for native token ZRO at 1 STG to 0.08634 ZRO. The LayerZero team commented, stating: LayerZero sits at the intersection of two unstoppable trends: the inevitable tokenization of all assets and the proliferation of blockchains. Acquiring Starget (STG) perfectly positions us to power the next leg of blockchain adoption: The Cryptoization of Finance. LayerZero succeeds after pushback The approval wasn’t a walk in the park. Initially, STG holders criticised the offer as it meant losing yield returns. Many had locked the STG tokens to get veSTG, which allows access to Starget’s fee revenues. Also, LayerZero’s competitor, Wormhole, announced a ‘better’ offer , urging the Starget community to delay their decision and consider alternative bids. The Axelar Foundation and Hart Lambur of Across confirmed they will submit formal bids if Starget DAO pauses the voting for five days. The bold interest signals the rising competition within the blockchain interoperability industry. The Wormhole Foundation believes LayerZero undervalues Starget’s potential, especially as interoperability protocols gain traction. Meanwhile, LayerZero adjusted its offer in response to these pushbacks. Rather than suspending income for veSTG enthusiasts, it will allocate half of Starget’s revenue to veSTG holders for 6 months after the voting. The remaining 50% and excess profits will move to ZRO’s buy-and-burn initiative to enrich LayerZero’s ecosystem in the long run. Despite the hiccups, the voting concluded on Saturday night, with members supporting LayerZero’s offer. The LayerZero Foundation celebrated the approval, with plans to scale Starget into a complete financial powerhouse. They said: Starget has been home to millions of users and is the central liquidity hub across chains. So far, it’s focused on bridging, token expansion, and stablecoins. With LayerZero, it will rapidly ship a full suite of financial infrastructure, including swaps, vaults, and more. What’s next for STG investors As the official acquisition translates to dissolving Starget DAO, STG holders will migrate into LayerZero, swapping their coins for ZRO. LayerZero @LayerZero_Core · Follow The Stargate DAO has approved our acquisition of Stargate (STG).We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.LayerZero is better money technology.Stargate is the interface for value transfer. 5:53 am · 24 Aug 2025 1.0K Reply Copy link Read 115 replies veSGT holders will enjoy revenue-sharing perks for six months after the voting. After that, LayerZero will no longer distribute fee revenue to holders. It will shift the profits to supporting ZRO through token burns and buyback programs. STG and ZRO price outlook The native token recorded minor upticks amidst the developments. While bears limit uptrends, STG gained 1% in the past day to $0.1795. Also, ZRO soared 0.8% on its daily timeframe to $2.08. Source – CoinMarketCap The duo has seen its 24-hour trading volume increase by over 300%. That potentially confirms increased actions from participants seeking volatility opportunities. The post Starget DAO approves LayerZero’s STG acquisition deal appeared first on Invezz
