🛰️FN Express丨LayerZero takes the lead, Wormhole raises the bid, who will secure Stargate? A hot transaction is underway in cross-chain infrastructure. The @LayerZero_Core Foundation proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million at the beginning of August. The proposal includes the discontinuation of the STG token, allowing STG holders to exchange their tokens for LayerZero's native token ZRO at a conversion rate of 1 STG for 0.08634 ZRO, which values each STG at $0.1675 and each ZRO at $1.94. Additionally, Stargate will be incorporated into the LayerZero Foundation, and its DAO will be dissolved. On August 18, the voting for the LayerZero Foundation's acquisition proposal of #Stargate began, with a support rate of 88.65% as of the 21st. Voting will end on August 24. Subsequently, the @wormhole Foundation expressed in the community that they believe this offer undervalues Stargate's assets and operations, preparing to submit a higher bid and requesting a temporary pause of the ongoing snapshot vote for 5 business days. This event has sparked intense discussions within the community, bringing the "ownership dispute" of the cross-chain messaging layer and unified liquidity pool to the forefront. Send it to see which side will emerge as the final winner🧐: