LayerZero，Stargate Bridge和Token交易沒有：發生了什麼？

深入了解了Loysero基金會為獲得Stargate Bridge的嘗試以及社區對交易令人驚訝的拒絕。

LayerZero, Stargate Bridge, and the Token Deal That Wasn't: What Happened?

LayerZero，Stargate Bridge和Token交易沒有：發生了什麼？

The LayerZero Foundation's $138 million proposal to acquire Stargate Bridge stirred up the DeFi world. This deal, involving a token swap of STG for ZRO, aimed to consolidate the cross-chain infrastructure. But, as it turns out, the Stargate community had other plans. Let's dive into the details.

LoyeZero Foundation的1.38億美元收購Stargate Bridge的提議激起了Defi世界。這筆交易涉及ZRO的STG互換，旨在鞏固跨鏈基礎設施。但是，事實證明，星際之門社區還有其他計劃。讓我們研究細節。

The Proposal: A Quick Recap

提案：快速回顧

Back on August 2, 2025, the LayerZero Foundation announced its intention to acquire Stargate Bridge. The plan was to swap all STG tokens for LayerZero’s ZRO tokens at a fixed rate of 0.08634 ZRO per STG, valuing each STG at $0.1675. The idea was to streamline operations, enhance liquidity, and consolidate governance within the LayerZero ecosystem. The announcement initially boosted both tokens, with STG rising 12% and ZRO climbing 15%.

早在2025年8月2日，Loysero Foundation宣布打算收購Stargate Bridge。該計劃是將所有STG令牌換成layerZero的ZRO令牌，固定速率為0.08634 ZRO，每個STG的評估為0.1675美元。這個想法是簡化操作，增強流動性並鞏固層生態系統中的治理。該公告最初提高了兩個令牌，STG上升了12％，Zro攀升15％。

Why the Community Said “No”

為什麼社區說“不”

Despite the potential benefits of integration, the Stargate community overwhelmingly rejected the offer. Why? Several key concerns emerged:

儘管融合有潛在的好處，但星際之門社區絕大多數拒絕了這一提議。為什麼？出現了幾個關鍵問題：

• Undervaluation: Many felt the $138 million valuation was far too low, especially considering Stargate’s historical peak of $4 and its steady revenue generation through bridge fees.
• Loss of Decentralized Governance: The deal would have dissolved the Stargate DAO, transferring decision-making power to the LayerZero Foundation. This raised concerns about the loss of community influence.
• Termination of Fee-Sharing: Long-term STG holders were unhappy about the removal of the 50/50 fee-sharing model, which provided them with a portion of the bridge revenues.

The Stargate Community's Stand

星際之門社區的立場

The Stargate community's rejection of the deal underscores the growing influence of decentralized communities in shaping major strategic decisions. Token holders demonstrated their power by vocalizing their opposition and ultimately rejecting the proposal during the feedback phase. This sets a significant precedent for future acquisitions in the DeFi space, highlighting the importance of aligning incentives and respecting stakeholder rights.

星際之門社區拒絕這項交易強調了分散社區對塑造重大戰略決策的日益增長的影響。令牌持有人通過發聲反對派並最終拒絕反饋階段的提議來展示自己的權力。這為未來在Defi領域的收購設定了重要的先例，強調了使激勵措施和尊重利益相關者權利的重要性。

What's Next?

接下來是什麼？

The future of the LayerZero-Stargate relationship remains uncertain. Will LayerZero revise its proposal to address the community’s concerns? If so, a formal on-chain vote would likely follow. A successful resolution could serve as a model for future crypto integrations, demonstrating how large-scale partnerships can be structured without compromising decentralized values.

LoeseZero-Stargate關係的未來仍然不確定。 LoyeZero是否會修改其解決社區關注的建議？如果是這樣，可能會進行正式的鏈票。成功的決議可以作為未來加密整合的模型，證明在不損害分散價值的情況下可以建立大規模合作夥伴關係。

My Two ZRO Cents

我的兩個Zro Cents

From where I'm standing, this whole saga highlights the wild west nature of DeFi. On one hand, LayerZero's strategic move makes sense – consolidate, streamline, and dominate. On the other hand, you can't just bulldoze over a community that believes in its project. The Stargate folks clearly value their independence and aren't afraid to flex their decentralized muscles. It's a reminder that in crypto, the community often has the final say.

從我的位置來看，整個傳奇都突出了Defi的狂野西部性質。一方面，LayerZero的戰略舉動是有道理的 - 合併，簡化和統治。另一方面，您不能只是在一個相信其項目的社區中推銷。星際之門的人們顯然重視他們的獨立性，不怕彎曲他們的分散肌肉。提醒您，在加密貨幣中，社區經常有最終決定權。

The Takeaway

外賣

The LayerZero-Stargate deal serves as a crucial case study in the evolving Web3 landscape. It emphasizes the necessity of securing community buy-in for strategic partnerships and acquisitions. Whether LayerZero revises its offer or walks away, one thing is clear: the decentralized ethos of crypto is alive and well. So, keep your eyes peeled, folks, because in the world of DeFi, anything can happen!

在不斷發展的Web3景觀中，Lyzero-Stargate交易是一項至關重要的案例研究。它強調了確保社區買入戰略合作夥伴關係和收購的必要性。無論layerzero修改了報價還是走開，一件事都很清楚：加密的分散精神還活著。因此，伙計們，請睜大眼睛，因為在Defi的世界中，任何事情都可能發生！