<p>LayerZero, a blockchain messaging protocol, officially acquired crypto protocol Stargate in a $110 million deal after a dramatic last-minute bidding war. The transaction follows an amendment of the original proposal, which Stargate token holders had accused of being unfair.</p>
<p>The Stargate community <a href="https://snapshot.box/#/s:stgdao.eth/proposal/0xf5516dd3c7c19d3182431ebac9af33abffdcba74a3440fdf851a96e58784d25c" target="_blank" rel="noopener noreferrer nofollow">voted</a> overwhelmingly in favor, with 95% of participating addresses and 94.76% of token weight supporting the acquisition. More than 15,000 addresses took part, representing over 7.2 million STG tokens in favor, while only 5.24% of tokens, around 399,400 STG, voted against the deal.</p>
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   <p>Throughout all of the noise, this has been the highest participation of any vote in <a href="https://twitter.com/StargateFinance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@StargateFinance</a> history<br><br>15,000+ address voted<br>Not only did ~95% of the stake weight vote in the affirmative, but ~95% of addresses voted in the affirmative <br> <br>The bridge is home<br><br>It's go time</p>— Bryan Pellegrino (臭企鹅) (@PrimordialAA) <a href="https://twitter.com/PrimordialAA/status/1959410043759247699?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 24, 2025</a>
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<p>LayerZero Co-Founder and CEO Bryan Pellegrino called it “the highest participation of any vote in StargateFinance history,” highlighting strong community engagement.&nbsp;</p>
<h2 class="wp-block-heading" id="rival-bidders-try-last-minute-offers">Rival Bidders Try Last-Minute Offers</h2>
<p>Earlier, three rivals tried to secure Stargate, including Wormhole, which <a href="https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682/78" target="_blank" rel="noopener noreferrer nofollow">offered $120 million</a> in cash, claiming it would give stakers 3x the projected revenue for six months upfront.&nbsp;</p>
<p>Axelar Network and Across Protocol also signaled interest but ultimately did not submit formal bids. Stargate Foundation lead Angus Lamps <a href="https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682/89" target="_blank" rel="noopener noreferrer nofollow">stated</a> the vote could not be paused, as all interested parties had access to due diligence under non-disclosure agreements.</p>
<h2 class="wp-block-heading" id="updated-offer-benefits-token-holders">Updated Offer Benefits Token Holders</h2>
<p>The original proposal by LayerZero suggested a revenue-based ZRO buyback program, but the community has requested changes to the plan, 50% of top-line revenue over a six-month period will be paid out to Stargate stakers, with the other half being used to buy back ZRO tokens. Under the approved terms, all circulating STG tokens will be swapped for ZRO at a ratio of 1 STG to 0.08634 ZRO.</p>
<p>LayerZero, launched in 2022, has Stargate, which allows cross-chain transfers to happen through liquidity pools, so assets can move natively without being dependent on blockchain bridges that are vulnerable to attacks. Through this acquisition, Stargate will once again be under the full control of LayerZero, with the promise of greater security and further cross-chain innovation.&nbsp;</p>
<p>The acquisition demonstrates the increasing impact of LayerZero in the field of blockchain interoperability, with high community trust and 95% approval ratings on key protocol decisions.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/08/25/metaplanet-buys-11-7m-in-bitcoin-hits-japan-mid-cap-status/" target="_blank" rel="noopener noreferrer nofollow">Metaplanet Buys $11.7M in Bitcoin, Hits Japan Mid-Cap Status</a></p>
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LayerZero Secures Stargate in $110M Deal After Intense Bidding War

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