Deep Tide TechFlow News, on August 11, according to The Block, the LayerZero Foundation proposed on August 10 to acquire the Stargate cross-chain bridge for $110 million. According to the proposal, the STG token will be terminated, and holders can exchange STG for LayerZero's native token ZRO at a ratio of 1:0.08634.

The proposal is currently seeking feedback on the Stargate decentralized autonomous organization (DAO) community forum, and a 70% approval rate is required for voting to pass. Once the proposal is approved, the Stargate DAO will be dissolved, and the business will be integrated into the LayerZero Foundation.