Stargate’s $4B Bridge Volume Draws Wormhole Into $110M Acquisition Proposal

Stargate’s $4B Bridge Volume Draws Wormhole Into $110M Acquisition Proposal

LayerZero’s $110 million token-swap offer faces competition as Wormhole pushes for a delay in Stargate’s governance vote to submit a higher bid.

Wormhole’s Bid to Acquire Stargate Finance Could Reshape the Cross-Chain Ecosystem

The Wormhole Foundation has announced its intent to submit a competing bid to acquire Stargate Finance, challenging LayerZero’s $110 million token-swap proposal. Wormhole argues that LayerZero’s offer undervalues Stargate, citing its $92 million treasury (including $76 million in stablecoins and $16 million in Ethereum), $345 million in total value locked, and $4 billion in bridge […] The post Wormhole’s Bid to Acquire Stargate Finance Could Res…

Wormhole Could Submit Competing Bid for Stargate After LayerZero’s $110M Offer Spurs STG Rally

Wormhole Foundation is formally contesting LayerZero’s $110M Stargate acquisition, arguing the bid undervalues Stargate’s treasury and protocol potential; Wormhole seeks a pause to prepare a competitive offer and may reshape

Wormhole Seeks to Outbid LayerZero for Stargate Deal

Wormhole is preparing a counterbid to LayerZero’s $110 million Stargate offer, as it said the current valuation lacks competition.

Wormhole Challenges LayerZero with Rival Bid for Stargate

Wormhole challenges LayerZero’s $110M bid, calling it undervalued for Stargate’s assets. Stargate’s $4B bridge volume and $345M TVL drive a battle over its DeFi protocol value. The bidding war highlights governance and future strategies in cross-chain DeFi growth. The Wormhole Foundation has announced plans to submit a rival bid to acquire the Stargate protocol, positioning itself against LayerZero’s $110 million offer. The original bid, made by…