{"id":41497,"date":"2025-08-11T12:17:07","date_gmt":"2025-08-11T12:17:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41497"},"modified":"2025-08-11T12:17:07","modified_gmt":"2025-08-11T12:17:07","slug":"layerzero-proposes-110-million-buyback-stg-and-zro-price-explode","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41497","title":{"rendered":"LayerZero Proposes $110 Million Buyback: STG and ZRO Price Explode"},"content":{"rendered":"
\n

The foundation has different plans for the bridge and has made a buyout offer to the decentralized autonomous organization (DAO) that governs it.<\/p>\n

The suggestion ignited the prices of the native tokens of the protocol and the bridge.<\/p>\n

\"stg_zro_rocket_cover\"<\/a><\/p>\n

The Offer<\/h2>\n

In a Sunday forum\u00a0announcement<\/a>, 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.<\/p>\n

The bridge,\u00a0launched<\/a> over three years ago, has reportedly generated over $70 billion in trading volume and hosts the majority of OFT\u2019s (Omnichain Fungible Tokens), <\/span>a universal token standard used to send, receive, and compose assets across all blockchains.<\/p>\n

The current offer is $0.1675 per token, compared to $0.1637, which was applicable at the time of the foundation\u2019s post, as the data at press time differs. The conversion was intended to swap all circulating STG (including staked\/voting tokens) for ZRO (Layer Zero\u2019s native token) at a ratio of 1 STG: 0.08634 ZRO, reflecting a value of $0.1675 per STG and $1.94 per ZRO.<\/p>\n

Following this, the bridge will be integrated into the Layer Zero ecosystem, and any future revenue generated by it will be utilized in a buyback program aimed at reducing the circulating supply of ZRO.<\/p>\n

The discussion period will be open for 7 days, after which the proposal will be moved to Snapshot (voting platform) for a three-day period. Quorum is set at 1.2M veSTG (staked STG), and the approval threshold is 70% for the vote to pass.<\/p>\n

There is already commentary from governance holders on the forum announcement and from the community on the post<\/a> on X, with a mix of positive and negative sentiment, as well as discussion on how this would affect STG holders.<\/p>\n

Price Reaction<\/h2>\n

As noted above, after the proposal went live both tokens have posted some signifcant gains from yesterday, with STG up 20% to $0.1965 and ZRO at $2.42, up 26%, respectively, at the time of writing.<\/p>\n

If we are to take the original bid of 1 STG to 0.08634 ZRO with current prices, that would correlate to $0.1961 per STG and $2.42 per ZRO. Naturally, the deal itself is now more expensive, taking into account the overall increase in both token prices; it is now approximately $137 million, which is a respectable jump of $27 million in\u00a0just under 24 hours.<\/p>\n

Given the positive price action from the buyout proposal, along with varied feedback on its potential impact on the community, it will be interesting to see how the deal unfolds.<\/p>\n

The post LayerZero Proposes $110 Million Buyback: STG and ZRO Price Explode<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\u00a0announcement, the foundation behind the Layer Zero Protocol and the Stargate Bridge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41497","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41497"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41497\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}