- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Wormhole Foundation Engages in Competition with LayerZero to Acquire Stargate Cross-Chain Bridge, Planning to Submit a Tender Offer Exceeding $110 Million
BlockBeats News, August 21st, the Wormhole Foundation issued a statement, stating that the LayerZero Foundation had previously proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. Wormhole believed that the offer was too low and underestimated Stargate's strong growth. The Wormhole Foundation is preparing to submit a higher bid and has requested a pause of the ongoing snapshot vote for 5 working days.
Earlier on August 11th, the LayerZero Foundation proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be deprecated, and STG holders can swap their tokens for LayerZero's native token ZRO at an exchange rate of 1 STG to 0.08634 ZRO, equivalent to a value of $0.1675 per STG and $1.94 per ZRO.
You may also like
Gainers
Latest Crypto News
RWA Infrastructure Pruv Finance Completes $3 Million Pre-A Round of Financing, Led by UOB Venture Management
The largest MON short position on Hyperliquid has an unrealized loss of $1.23 million, while the ZEC short position has an unrealized loss of over $6 million.
Arthur Hayes Acquires 113,000 Pendle Tokens, Worth $277,980
HashKey Cloud Partners with Quantum Solutions to Achieve Japan's First DAT Staking Collaboration, Leveraging the HashKey CaaS Platform to Empower Publicly Listed Companies to Expand the Digital Asset Ecosystem
Six Departments: Support Enterprises in Applying Metaverse, Artificial Intelligence, Blockchain, and other Digital Technologies, and Promote the Orderly Development of Platform Economy
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App