PANews
PANews|Aug 26, 2025 01:12
[Stargate Announces Termination of STG Staking Function, veSTG Holders to Share 50% of Protocol Revenue, Remaining 50% Allocated for ZRO Buyback] According to official news from Stargate, the LayerZero Foundation has officially completed the full acquisition of Stargate (STG), including the protocol, tokens, and treasury. Following the acquisition, STG tokens can be exchanged for LayerZero's native token ZRO at a fixed rate (1 STG = 0.08634 ZRO), with the exchange window remaining open indefinitely. Additionally, StargateDAO will be dissolved, and the STG staking function will be terminated. Previously locked STG will be automatically unlocked, and users can exchange them for ZRO at any time. Meanwhile, all veSTG holders who locked their tokens before August 10 will share 50% of Stargate's protocol revenue over the next six months, with the remaining 50% allocated for ZRO buybacks. Earlier reports indicated that Stargate DAO had approved LayerZero's acquisition of Stargate (STG).
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