Stargate terminates the STG staking function, and veSTG holders will share in the protocol's revenue.

According to news from Hash World, the LayerZero Foundation has officially completed a full acquisition of Stargate (STG), involving the protocol, tokens, and treasury. After the acquisition, the STG token can be exchanged for LayerZero's native token ZRO at a fixed rate (1 STG = 0.08634 ZRO), and the exchange window will remain open for a long time. Furthermore, StargateDAO will be dissolved, and the STG staking function will be terminated, but previously locked STG will be automatically released, allowing users to exchange for ZRO at any time. Additionally, all veSTG holders who locked their tokens 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. Previous news indicated that Stargate DAO had approved LayerZero's acquisition of Stargate (STG).