Acquisition Proposal - LayerZero Foundation proposes a $110 million acquisition of Stargate bridge and retirement of its STG token [1] - STG holders would exchange 1 STG for 0.08634 ZRO, valuing STG at $0.1675 and ZRO at $1.94 at the time of the offer [1] - The Stargate DAO would dissolve, bringing the bridge fully under LayerZero's control [1] Stargate Performance - Stargate has processed over $70 billion in volume since its launch in 2022 [2] - STG price has declined from $4.14 to under $0.20 [2] Strategic Implications - The deal aims to expand LayerZero's role beyond bridging, moving toward "a single stack" for the LayerZero ecosystem [2] - Quarterly bridge revenue of approximately $939,000 would shift from STG staking rewards to ZRO buybacks [2] - The acquisition is viewed by some as capturing a high-revenue asset at bear-market prices [3] - Supporters see tighter integration as a path to dominance in the cross-chain market [3] - A community vote will follow a seven-day discussion period, with LayerZero insiders abstaining [3]