The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it.<\/p>\n
The suggestion ignited the prices of the native tokens of the protocol and the bridge.<\/p>\n
<\/a><\/p>\n In a Sunday forum\u00a0announcement<\/a>, the foundation behind the Layer Zero Protocol and the Stargate Bridge has made an offer to the Stargate DAO in the form of a token buyback from their native STG bridge token. If approved, this will effectively dissolve the autonomous organization.<\/p>\n The bridge,\u00a0launched<\/a> over three years ago, has reportedly generated over $70 billion in trading volume and hosts the majority of OFT\u2019s (Omnichain Fungible Tokens), <\/span>a universal token standard used to send, receive, and compose assets across all blockchains.<\/p>\n The current offer is $0.1675 per token, compared to $0.1637, which was applicable at the time of the foundation\u2019s post, as the data at press time differs. The conversion was intended to swap all circulating STG (including staked\/voting tokens) for ZRO (Layer Zero\u2019s native token) at a ratio of 1 STG: 0.08634 ZRO, reflecting a value of $0.1675 per STG and $1.94 per ZRO.<\/p>\n Following this, the bridge will be integrated into the Layer Zero ecosystem, and any future revenue generated by it will be utilized in a buyback program aimed at reducing the circulating supply of ZRO.<\/p>\n The discussion period will be open for 7 days, after which the proposal will be moved to Snapshot (voting platform) for a three-day period. Quorum is set at 1.2M veSTG (staked STG), and the approval threshold is 70% for the vote to pass.<\/p>\n There is already commentary from governance holders on the forum announcement and from the community on the post<\/a> on X, with a mix of positive and negative sentiment, as well as discussion on how this would affect STG holders.<\/p>\n As noted above, after the proposal went live both tokens have posted some signifcant gains from yesterday, with STG up 20% to $0.1965 and ZRO at $2.42, up 26%, respectively, at the time of writing.<\/p>\n If we are to take the original bid of 1 STG to 0.08634 ZRO with current prices, that would correlate to $0.1961 per STG and $2.42 per ZRO. Naturally, the deal itself is now more expensive, taking into account the overall increase in both token prices; it is now approximately $137 million, which is a respectable jump of $27 million in\u00a0just under 24 hours.<\/p>\n Given the positive price action from the buyout proposal, along with varied feedback on its potential impact on the community, it will be interesting to see how the deal unfolds.<\/p>\n The post LayerZero Proposes $110 Million Buyback: STG and ZRO Price Explode<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it. The suggestion ignited the prices of the native tokens of the protocol and the bridge. The Offer In a Sunday forum\u00a0announcement, the foundation behind the Layer Zero Protocol and the Stargate Bridge […]<\/p>\n","protected":false},"author":0,"featured_media":87426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87425"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87425"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87426"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Offer<\/h2>\n
Price Reaction<\/h2>\n
![<\/a><\/p>\nThe Offer<\/h2>\nIn a Sunday forum\u00a0announcement<\/a>, the foundation behind the Layer Zero Protocol and the Stargate Bridge has made an offer to the Stargate DAO in the form of a token buyback from their native STG bridge token. If approved, this will effectively dissolve the autonomous organization.<\/p>\nThe bridge,\u00a0launched<\/a> over three years ago, has reportedly generated over $70 billion in trading volume and hosts the majority of OFT\u2019s (Omnichain Fungible Tokens), <\/span>a universal token standard used to send, receive, and compose assets across all blockchains.<\/p>\nThe current offer is $0.1675 per token, compared to $0.1637, which was applicable at the time of the foundation\u2019s post, as the data at press time differs. The conversion was intended to swap all circulating STG (including staked\/voting tokens) for ZRO (Layer Zero\u2019s native token) at a ratio of 1 STG: 0.08634 ZRO, reflecting a value of $0.1675 per STG and $1.94 per ZRO.<\/p>\nFollowing this, the bridge will be integrated into the Layer Zero ecosystem, and any future revenue generated by it will be utilized in a buyback program aimed at reducing the circulating supply of ZRO.<\/p>\nThe discussion period will be open for 7 days, after which the proposal will be moved to Snapshot (voting platform) for a three-day period. Quorum is set at 1.2M veSTG (staked STG), and the approval threshold is 70% for the vote to pass.<\/p>\nThere is already commentary from governance holders on the forum announcement and from the community on the post<\/a> on X, with a mix of positive and negative sentiment, as well as discussion on how this would affect STG holders.<\/p>\nPrice Reaction<\/h2>\nAs noted above, after the proposal went live both tokens have posted some signifcant gains from yesterday, with STG up 20% to $0.1965 and ZRO at $2.42, up 26%, respectively, at the time of writing.<\/p>\nIf we are to take the original bid of 1 STG to 0.08634 ZRO with current prices, that would correlate to $0.1961 per STG and $2.42 per ZRO. Naturally, the deal itself is now more expensive, taking into account the overall increase in both token prices; it is now approximately $137 million, which is a respectable jump of $27 million in\u00a0just under 24 hours.<\/p>\nGiven the positive price action from the buyout proposal, along with varied feedback on its potential impact on the community, it will be interesting to see how the deal unfolds.<\/p>\nThe post LayerZero Proposes $110 Million Buyback: STG and ZRO Price Explode<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it. The suggestion ignited the prices of the native tokens of the protocol and the bridge. The Offer In a Sunday forum\u00a0announcement, the foundation behind the Layer Zero Protocol and the Stargate Bridge […]<\/p>\n","protected":false},"author":0,"featured_media":87426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87425"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87425"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/87425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/87426"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/stg_zro_rocket_cover.jpg\"){kind=link}