A Revolutionary Move For DeFi
The post A Revolutionary Move For DeFi appeared on BitcoinEthereumNews.com.
The world of decentralized finance is buzzing with significant news! The LayerZero Foundation (ZRO) has recently unveiled a groundbreaking proposal: the LayerZero Stargate acquisition. This potential merger aims to integrate Stargate (STG), a leading omnichain-native asset bridge, into the LayerZero ecosystem. This move could reshape how digital assets flow across various blockchains, making it a pivotal moment for interoperability and the broader DeFi landscape. What’s the LayerZero Stargate Acquisition All About? In a recent announcement made on X, the LayerZero Foundation laid out its ambitious plan. The core of this proposal involves a direct swap of Stargate (STG) tokens for LayerZero (ZRO) tokens. This isn’t just a simple buy-out; it’s a strategic integration designed to enhance the capabilities of both projects and solidify LayerZero’s position in the cross-chain space. The proposed exchange rate is set at 1 STG for 0.08634 ZRO. This rate applies to all circulating STG, whether it’s staked, actively voting, or held in wallets. Furthermore, the proposal includes an interesting mechanism for future revenue. Any additional income generated by Stargate post-acquisition would be channeled back into buying ZRO tokens. This process aims to reduce the overall supply of ZRO, potentially increasing its value over time. Understanding the Stargate (STG) Proposal Details The specifics of the Stargate (STG) proposal are now open for public review. The LayerZero Foundation has posted the full plan on the Stargate community forum. This gives existing STG holders and the broader community a crucial opportunity to delve into the details and ask questions. Token Swap: All existing STG tokens, including those staked or used for voting, will be eligible for conversion to ZRO at the fixed rate. This ensures a fair transition for current holders. Revenue Buybacks: Future Stargate revenue will fund ZRO buybacks, aiming to create deflationary pressure on the LayerZero (ZRO)…
