• TEXT= DATE: 08.12.2025 Bitcoin MENA | 8-9 Dec 2025 | Abu Dhabi
  • TIMER= 08.12.2025
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  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
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  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-1BTC Dominance: 58.93%
image-alt-2 ETH Dominance: 12.89%
image-alt-3 BTC/ETH Ratio: 26.62%
image-alt-4 Total Market Cap 24h: $2.51T
image-alt-5Volume 24h: $144.96B
image-alt-6 ETH Gas Price: 5.1 Gwei
 

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$110 million Stargate deal

$110 million Stargate deal proposed by LayerZero Foundation for major ecosystem expansion

https://icn.live/wp-content/uploads/2025/08/110-million-Stargate-deal.mp3
  • by ICN.live
Adnan Al-Jaziri

$110 million Stargate deal has been proposed by the LayerZero Foundation to the Stargate DAO for approval.

This acquisition would bring Stargate, a widely used cross-chain bridge, directly under the LayerZero ecosystem. The proposal needs a 70% approval from STG token holders, who will soon vote on the plan. If it passes, the STG token will be discontinued, and holders will swap their tokens for ZRO, the LayerZero native token.

The exchange rate offered is 1 STG for 0.08634 ZRO, valuing STG at $0.1675 and ZRO at $1.94. This move aims to accelerate development, unify infrastructure, and give Stargate more resources for an aggressive roadmap beyond bridging. Stargate’s DAO would be dissolved, and the bridge would be managed under LayerZero’s foundation.

Price jump boosts $110 million Stargate deal value

Following the announcement, both STG and ZRO prices rose. STG increased by about 12% to $0.188, and ZRO surged by 15%. As a result, the deal value climbed from $110 million to around $127 million in dollar terms. Early community responses were mixed. Some welcomed the synergy and resource injection, while others argued the offer undervalues STG given its historical high of $4.14 and over $70 billion in total bridge volume.

Bryan Pellegrino, LayerZero Labs’ CEO, emphasized speed and strategic alignment. He noted that insiders holding STG would abstain from voting to maintain fairness. The Stargate forum will keep the proposal open for questions over the next seven days before voting begins.

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Community divided over $110 million Stargate deal terms

Critics argue the proposal does not sufficiently compensate STG holders, given Stargate’s revenue potential and market role. Supporters see the move as a way to strengthen the LayerZero ecosystem, create a unified technology stack, and expand beyond current bridging functions. The DAO’s upcoming decision will determine whether the acquisition moves forward or remains only a proposal.

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What is the $110 million Stargate deal?

The $110 million Stargate deal is a proposal by the LayerZero Foundation to acquire the Stargate bridge from the Stargate DAO. This includes discontinuing the STG token and offering holders a swap into ZRO, the native token of LayerZero. The proposed ratio values STG at $0.1675 and ZRO at $1.94. Stargate would then be operated directly under the LayerZero Foundation, with its DAO dissolved. The aim is to accelerate development, unify infrastructure, and broaden Stargate’s functions beyond just bridging.

Why are some community members against the deal?

Opponents argue that the proposed compensation undervalues STG, pointing to its historical peak of $4.14 and significant revenue generation. Critics believe the deal ignores the long-term potential of Stargate and does not adequately reward holders. Some view the 1 STG to 0.08634 ZRO swap as insufficient, especially in light of recent price surges following the announcement. The debate reflects differing priorities between immediate liquidity and long-term project value.

How did the market react to the announcement?

The market reacted positively in price terms, with STG climbing roughly 12% to $0.188 and ZRO jumping about 15% shortly after the proposal. This rally pushed the deal’s effective dollar value from $110 million to around $127 million. While this price boost shows optimism, it also amplifies concerns about whether the offer remains fair given changing market conditions.

What happens if the DAO approves the proposal?

If the DAO approves with at least 70% support, the STG token will be discontinued, and holders can swap for ZRO at the stated ratio. Stargate’s DAO will be dissolved, and the bridge will be integrated into the LayerZero ecosystem. This would centralize decision-making and resource allocation under the LayerZero Foundation, potentially speeding up roadmap execution. The transition is designed to streamline development and encourage broader adoption of LayerZero’s cross-chain technology.

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