Bidding War Heats Up for Stargate, a Top DeFi Protocol
A fierce battle is underway for control of Stargate, a leading cross-chain protocol, as Wormhole Foundation challenges a $110 million acquisition offer from LayerZero. LayerZero had proposed acquiring Stargate’s assets—including over $92 million in stablecoins and other holdings—in exchange for its own ZRO tokens. However, this proposal has been met with criticism from community members … Read more