The Stargate DAO has approved the acquisition of Stargate (STG) by LayerZero, with nearly 95% of DAO members voting in favor. The acquisition deal, valued between $110 million and $120 million according to different sources, follows a competitive bidding process that included interest from Wormhole, Axelar, and Across. LayerZero, which has spent four years developing technology to facilitate value transfer, will integrate Stargate as the interface for its value transfer network. Starting Monday, Stargate token holders will be able to convert their STG tokens to LayerZero's ZRO tokens, marking a major move in the decentralized finance (DeFi) sector.