The LayerZero Foundation proposed acquiring Stargate for $110 million, boosting the tokens of both projects. LayerZero would exchange Stargate Finance (STG) for its own token, ZRO. Stargate allows native asset transfers across blockchains, reducing reliance on bridges. Both tokens surged after the proposal, with ZRO up 23% and STG up 16.5%.

LayerZero CEO Bryan Pellegrino praised the acquisition as a way to accelerate Stargate’s roadmap and create a unified direction. However, STG tokenholders expressed dissatisfaction with the deal, saying it lacks advantages and won’t allow for staking. Users called for a higher offer, possibly a 1:1 token swap, due to Stargate’s revenue potential. The proposal is open for comment for seven days for a community vote.

Read more at cointelegraph.com: LayerZero Plans $110M Acquisition of Stargate Bridge