Just a few hours after I posted about this Stargate governance proposal regarding the LayerZero acquisition, Wormhole came out swinging and have explicitly stated they are prepared to put a better offer on the table
They're also casting LayerZero as a villain trying to exploit Stargate.
Can't wait to see Wormhole's next move— I'm here for the drama and the best offer for my $STG
Also good to see Bryan Pellegrino getting involved, love a founder who speaks his mind. He is also going on @notthreadguy's stream to discuss this, excited to see his clapback
There are 4 days left in a VERY important Stargate governance proposal
This proposal surrounds LayerZero acquiring Stargate, a concept that makes a lot of sense as many see the projects as synonymous
To me, Stargate = LayerZero
Key details:
• STG is swapped for ZRO at 1-to-0.08364. This is a big hit for my STG holdings but I don't think it was getting back to the old $0.70 prices anyways
• veSTG holders will receive 50% of top-line Stargate revenue for 6 months, with the other 50% going towards ZRO buybacks
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