The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it.
The suggestion ignited the prices of the native tokens of the protocol and the bridge.
The Offer
In a Sunday forum announcement, the foundation behind the Layer Zero Protocol and the Stargate Bridge has made an offer to the Stargate DAO in the form of a token buyback from their native STG bridge token. If approved, this will effectively dissolve the autonomous organization.
The bridge, launched over three years ago, has reportedly generated over $70 billion in trading volume and hosts the majority of OFT’s (Omnichain Fungible Tokens), a universal token standard used to send, receive, and compose assets across all blockchains.
The current offer is $0.1675 per token, compared to $0.1637, which was applicable at the time of the foundation’s post, as the data at press time differs. The conversion was intended to swap all circulating STG (i
We współpracy z: https://cryptopotato.com/layerzero-proposes-110-million-buyback-stg-and-zro-price-explode/
