Layerzero suggests buying $ 110 million for Stargate Bridge Bridge star-news.press/wp

Layerzero Foundation submitted a proposal to get all the Stargate symbols for about $ 110 million in ZRO, with the aim of uniting control of one of the most crossed bridges used on the market.

August 11 an offer Stargate values (stg) at $ 0.1675, which is a slight premium on the pre -executing price of $ 0.1637, and will melt Stargate Dao in favor of the unified governance structure under Layerzero (zro).

Details of the acquisition suggestion on Layerzero

The plan will witness all the STG in circulation and the low -circular to ZRO with a fixed rate of 1 stg = 0.08634 ZRO, based on the price of the ZRO market $ 1.94 at the time of the offer. After finishing, Stg will not play any operating role, and holders of the distinctive symbol will be able to use a fixed contract to recover their icons indefinitely.

All future Stargate profits will go to ZRO under the Layerzero plan, which gradually reduces the amount of shares traded. By crossing the new services facing the consumer, integration aims to accelerate the delivery of the product.

Stargate, which was launched in 2022, processed more than $ 70 billion in size and provided Hydra to simplify the spread of liquidity across the chains.

Market and society reaction

After this announcement, STG increased by 12 % to $ 0.188 and a rise ZRO 15%Increase the estimated value of the deal to about $ 127 million. The proposal is now in a seven -day discussion stage at the Stargate Dow Forum, after which the STG holders will vote. Approval requires 70 % support and 1.2 million pistvaging.

While Layerzero says the acquisition will accelerate governance and simplifying governance, some Stg holders argue that the offer is less than the value of the bridge revenues and the privileged historical symbol. If passed, the transaction will achieve great unification in Layerzero’s control over the infrastructure of its leading crimes.