LayerZero officially announced that the Stargate DAO has approved its acquisition of Stargate (STG). StargateDAO members voted 95% in favor of the acquisition, and STG holders will be able to convert their tokens into ZRO on Monday. On August 11th, the LayerZero Foundation proposed acquiring the Stargate cross-chain bridge and its STG token for $110 million. Under the terms of the proposal, the STG token will be deactivated, and STG holders will be able to convert their tokens into LayerZero's native ZRO at a ratio of 1 STG to 0.08634 ZRO, equivalent to $0.1675 per STG and $1.94 per ZRO.