The LayerZero Foundation has proposed acquiring the crypto protocol Stargate for $110 million, boosting the value of both LayerZero and Stargate tokens. The plan aims to speed up development for Stargate by providing resources to expand beyond bridging. LayerZero suggests a token swap, offering 1 STG for 0.08634 ZRO. Interestingly, Stargate was initially developed by LayerZero in 2022 and, if the community approves, it would return under LayerZero's umbrella. Following the announcement, LayerZero’s token rose 23% to $2.44, while Stargate’s token increased by 16.5% to over 19 cents. Despite these gains, both tokens are significantly lower than their previous highs. LayerZero's CEO emphasized the need for quicker execution, but some Stargate users criticized the proposal, calling for better offers for STG holders. Comments on the proposal are open for a week before it goes to a community vote.

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