Wormhole Foundation Plans Higher Bid for Stargate Amid Bidding War
Wormhole challenges LayerZero with plans to submit a significantly higher bid for Stargate ($STG), citing the project as undervalued. LayerZero has already offered $110M in $ZRO tokens, but Wormhole aims to surpass this amount. To finalize its offer, the foundation has requested a 5-day pause in Snapshot voting.
The Future of Stargate Hangs in the Balance
A bidding war between Wormhole and LayerZero could potentially determine Stargate’s future and bring significant changes to the cross-chain landscape.
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