LayerZero Foundation to Acquire Stargate, Proposes Token Merger

The LayerZero Foundation recently revealed plans to acquire Stargate and bring its token economy under the LayerZero umbrella. This means all Stargate ($STG) tokens would be swapped for LayerZero’s native token ($ZRO), ending Stargate’s independent governance and rewards. The goal is to simplify cross-chain infrastructure and build a more connected ecosystem. But the news has stirred debate among the community, with many worried about how this will affect token value and the loss of staking rewards for $STG holders. It’s a big move that could reshape the DeFi landscape.