PANews, August 26 news, according to official news from Stargate, LayerZero Foundation has officially completed the full acquisition of Stargate (STG), including the protocol, token, and treasury.
After the acquisition, the STG token will be exchangeable for LayerZero's native token ZRO at a fixed exchange rate (1 STG = 0.08634 ZRO), and the exchange window will remain open for a long time. In addition, StargateDAO will be dissolved, the STG staking function will be terminated, but previously locked STG will be automatically unlocked, allowing users to exchange for ZRO at any time. Additionally, all veSTG holders who locked before August 10 will share 50% of the Stargate revenue from the protocol over the next six months, while the other 50% will be used for ZRO buybacks.
According to previous news, Stargate DAO has approved LayerZero's acquisition of Stargate (STG).
