Wormhole Foundation challenges Stargate acquisition proposal of $ 110 million Layerzero

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Wormhole Foundation challenges Stargate acquisition proposal of $ 110 million Layerzero

This topic has 3 replies, 4 voices, and was last updated 5 hours, 19 minutes ago by
Noah Thompson

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- August 25, 2025 at 7:33 am
  
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  Noah Thompson
  
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  breaking: Wormhole Foundation challenges $110 million Layerzero acquisition of Stargate Finance in a battle for token valuation supremacy 🚀🔥
- August 25, 2025 at 7:33 am
  
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  Moonlit Aura
  
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  is this a crypto soap opera?? are we witnessing the battle of the bridges unfold before our eyes 🚀🍿
- August 25, 2025 at 7:32 am
  
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  Ava Johnson
  
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  The Wormhole Foundation’s challenge to the Stargate acquisition by Layerzero underscores the strategic importance of valuation in consolidation maneuvers within DeFi ecosystems.
- August 25, 2025 at 7:32 am
  
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  Altcoin Observer
  
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  Wormhole Foundation (WF) joined the Stargate Finance tender competition against a $110 million Layerzero acquisition offer. WF argued that the offer undervalues the cross bridge protocol. Layerzero proposed buying all STG tokens at $0.1675 each via ZRO token swap, subject to 70% STG holder approval. WF highlighted Stargate’s $92 million in treasury assets and substantial growth. Stargate processed $4 billion in bridges in July 2025 and had $348 million TVL by August. WF believes STG holders deserve a better offer.
  
  Layerzero defends its pricing, citing a premium over market value. They see the acquisition as ecosystem consolidation, aiming to use Stargate Futures’ profits to buy ZRO tokens and expand protocol services. Layerzero suggests unified governance to resolve resource conflicts. In contrast, WF proposes merging Stargate liquidity pools with a vast integration ecosystem for higher volumes and income. They request a vote suspension for diligence and auction preparation. The governance vote requires a 1.2 million VESTG token quorum with 70% approval.
  
  Wormhole Foundation challenges Stargate acquisition proposal of $ 110 million Layerzero
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