{"id":43325,"date":"2025-08-21T09:01:44","date_gmt":"2025-08-21T09:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43325"},"modified":"2025-08-21T09:01:44","modified_gmt":"2025-08-21T09:01:44","slug":"stargate-draws-second-acquisition-bid-with-wormhole-topping-layerzeros-110m-buy-offer","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43325","title":{"rendered":"Stargate Draws Second Acquisition Bid With Wormhole Topping LayerZero&#8217;s $110M Buy Offer"},"content":{"rendered":"<div>\n<p>Wormhole has jumped into the bidding plans for bridging service Stargate, promising a bid above LayerZero\u2019s initial $110 million token-swap proposal.<\/p>\n<p>It wants the Snapshot vote delayed so the community can weigh its offer.<\/p>\n<p>Stargate\u2019s numbers explain the interest. The bridge processed $4 billion in July, holds $345 million in TVL, and sits on a treasury of $92 million in stables and ether, plus $55 million in STG and other assets. The annual revenue is approximately $2 million.<\/p>\n<p>\u201cBased on our initial review, we believe that STG holders deserve a more competitive process, and we are prepared to submit a meaningfully higher bid,\u201d the proposal said.<\/p>\n<p>LayerZero\u2019s proposal would transfer both the treasury and future income, which critics call a discount. Wormhole says the terms shortchange tokenholders and that \u201cSTG holders deserve better.\u201d<\/p>\n<p>A Wormhole\u2013Stargate tie-up would create one of the largest cross-chain hubs in crypto, pairing Stargate\u2019s unified liquidity pools with Wormhole\u2019s integrations across dozens of networks. The foundation argues this would boost volume and long-term resilience for both ecosystems.<\/p>\n<p>\u201cThe Wormhole Foundation sees unrealized value in the Stargate brand, protocol, and protocol assets,\u201d the proposal said. \u201cThe Wormhole Foundation is confident that a successful combination of Stargate and the Wormhole ecosystem will lead to the most immediate and long-term value for current holders of STG, as well as current and future holders of Wormhole (W).\u201d<\/p>\n<p>Wormhole has requested a five-day delay in the vote, seeking more time for due diligence and a fairer process.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/11\/layerzero-proposes-usd110m-stargate-token-merger-in-consolidation-play\">LayerZero Proposes $110M Stargate Token Merger in Consolidation Play<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wormhole has jumped into the bidding plans for bridging service Stargate, promising a bid above LayerZero\u2019s initial $110 million token-swap proposal. It wants the Snapshot vote delayed so the community can weigh its offer. Stargate\u2019s numbers explain the interest. The bridge processed $4 billion in July, holds $345 million in TVL, and sits on a [&hellip;]<\/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-43325","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\/43325","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=43325"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43325\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}