LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger

LayerZero has finalized the acquisition of Stargate Finance in a $120 million transaction settled entirely in its native ZRO token. On August 24, the LayerZero Foundation confirmed that the deal will consolidate two of the industry’s most widely used platforms under one governance and token framework. Stargate DAO Members Vote 94% in Favor of LayerZero Acquisition The acquisition was approved through a community vote. More than 94% of Stargate DAO participants supported the move source: https://beincrypto.com/stargate-dao-dissolves-layerzero-acquisition/