X @BSCN

Acquisition Proposal - LayerZero Foundation proposes a $110 million acquisition of Stargate bridge and retirement of its STG token [1] - The proposed exchange rate is 1 STG for 0.08634 ZRO, valuing STG at $0.1675 and ZRO at $1.94 at the time of the offer [1] - The acquisition aims to consolidate the LayerZero ecosystem, moving towards "a single stack" [2] Stargate Performance & Valuation - Stargate has processed over $70 billion in volume since its launch in 2022 [2] - STG's value has decreased from $4.14 to under $0.20 [2] - Stargate's quarterly bridge revenue is approximately $939 thousand [2] Community & Future Implications - The Stargate DAO would dissolve, giving LayerZero full control of the bridge [1] - Post-acquisition, quarterly bridge revenue would shift from STG staking rewards to ZRO buybacks [2] - A community vote will follow a seven-day discussion period, with LayerZero insiders abstaining [3] - Critics argue the bid captures a high-revenue asset at bear-market prices, while supporters see tighter integration as a path to dominance [3]