LayerZero＆Stargate：一個令牌合併，讓每個人都在談論

LoyeZero提議以1.1億美元的代幣交換收購Stargate，引發STG持有人之間的辯論。此合併會簡化跨鏈操作，還是將星際之門用戶拋在後面？

LayerZero & Stargate: A Token Merger That's Got Everyone Talking

LayerZero＆Stargate：一個令牌合併，讓每個人都在談論

The crypto world is buzzing about the proposed LayerZero acquisition of Stargate Finance for a cool $110 million. This all-token transaction aims to consolidate two major players in the cross-chain space, but it's not without its share of drama. Let's dive into what this means for everyone involved.

加密貨幣界正在嗡嗡作響，以至於擬議中的Loysero以1.1億美元的價格收購星際之門金融。這項全面的交易旨在鞏固跨鏈領域的兩個主要參與者，但這並非沒有戲劇性的份額。讓我們深入了解這對參與每個參與的每個人意味著什麼。

The Proposal: Bringing Stargate Back Home

提案：將星際門帶回家

LayerZero Foundation, the force behind the LayerZero protocol, wants to bring Stargate back into the fold. Stargate, initially developed by the LayerZero team in 2022, would be acquired through a token swap: 1 STG for 0.08634 ZRO. This essentially values Stargate at $110 million based on current market prices. The goal? Streamline operations and reduce redundancy, according to LayerZero CEO Bryan Pellegrino.

LayerZero Foundation是LayerZero協議背後的力，希望將星際門帶回折疊。 Stargate最初是由Loysero Team於2022年開發的，將通過令牌交換：1 STG以0.08634 ZRO獲取。根據當前的市場價格，這本質上重視星際之門1.1億美元。目標？根據LayerZero首席執行官Bryan Pellegrino的說法，簡化操作並減少冗餘。

What's in it for LayerZero (ZRO)?

layerzero（ZRO）中有什麼？

By acquiring Stargate, LayerZero aims to solidify its position in the cross-chain interoperability arena. Stargate boasts a whopping $70 billion in historical transfer volume and a solid user base. Integrating this into the LayerZero ecosystem could accelerate growth and attract more users. Plus, Stargate's bridge revenues, which have been rewarding STG stakers, would now flow directly to the LayerZero Foundation, potentially funding ZRO token buybacks.

通過獲取星際之門，LayerZero旨在鞏固其在跨鏈互操作性領域中的位置。 Stargate擁有高達700億美元的歷史轉移量和堅實的用戶群。將其集成到層生態系統中可以加速增長並吸引更多用戶。另外，已經獎勵STG Stakers的Stargate的橋樑收入現在將直接流向LoyeZero Foundation，這可能會為Zro代幣回購提供資金。

The Sticky Point: STG Token Holders

粘點：STG令牌持有者

Not everyone's thrilled about the deal. A major point of contention is the proposed exchange rate. Many STG holders feel undervalued, especially considering Stargate's revenue-generating potential. The loss of staking income is another sore spot, as ZRO doesn't offer equivalent yield opportunities. Some community members are even calling for a more equitable 1:1 token swap.

並不是每個人都為這筆交易感到興奮。爭論的主要點是擬議的匯率。許多STG持有人感到被低估了，尤其是考慮到Stargate的創收潛力。損失收入的損失是另一個痛苦的地方，因為ZRO沒有提供同等收益機會。一些社區成員甚至呼籲更公平的1：1代幣交換。

Community Concerns and Market Reaction

社區關注和市場反應

Following the announcement, both ZRO and STG saw price increases. ZRO jumped over 23%, while STG rose approximately 16.5%. However, both tokens are still trading significantly below their historical highs. The community's response has been mixed, with many STG holders voicing concerns about the swap ratio and the loss of staking rewards. The Stargate DAO will vote on the acquisition terms after a seven-day comment period, requiring a 70% supermajority for approval.

宣布這一消息後，ZRO和STG的價格都在上漲。 Zro躍升了23％以上，而STG上升了約16.5％。但是，這兩個令牌仍大大低於其歷史高點。社區的反應混雜在一起，許多STG持有人對掉期比和失去積分獎勵的關注表示擔憂。星際之門DAO將在經過7天的評論期之後對收購條款進行投票，要求獲得70％的超級敬意進行批准。

The Bigger Picture: Consolidation in Crypto

大局：加密中的合併

This acquisition aligns with a broader trend of consolidation in the cross-chain infrastructure space. Projects like Wormhole, Synapse, and Axelar are also vying for dominance. LayerZero's move to absorb Stargate could be a strategic play to strengthen its position in this competitive landscape. Think of it like Binance acquiring Trust Wallet or FTX (RIP) purchasing Blockfolio – these mergers can boost liquidity and user adoption for the parent token.

這次獲取與跨鏈基礎設施空間中更廣泛的合併趨勢保持一致。蟲洞，突觸和Axelar等項目也爭奪優勢。 LoyeZero吸收星際之門的舉動可能是一項戰略性的作用，以增強其在這一競爭格局中的地位。可以將其視為Binance獲取信任錢包或FTX（RIP）購買BlockFolio-這些合併可以提高父母令牌的流動性和用戶收養。

My Two Satoshis

我的兩個satoshis

While LayerZero's intentions seem strategic, they need to address the legitimate concerns of STG holders. A fairer swap ratio or alternative compensation mechanisms could go a long way in smoothing things over. Ignoring the community's feedback could backfire and create resentment. It's a delicate balancing act between streamlining operations and keeping the community happy.

儘管LoyeZero的意圖似乎是戰略性的，但他們需要解決STG持有人的合法關注點。更公平的掉期比率或替代補償機制可以使事情變得很長。忽略社區的反饋可能會適得其反並引起怨恨。這是簡化操作與保持社區快樂之間的微妙平衡。

The Bottom Line

底線

The LayerZero-Stargate merger is a bold move that could reshape the cross-chain landscape. Whether it's a win-win for everyone involved remains to be seen. One thing's for sure: the next few weeks will be crucial as the Stargate DAO weighs the pros and cons. Will this be a harmonious union, or a bumpy ride? Only time will tell. In the meantime, grab some popcorn and enjoy the show, folks! Crypto never has a dull moment, does it?

Lyzero Stargate合併是一個大膽的舉動，可以重塑跨鏈景觀。對於每個參與其中的每個人來說，這是否是雙贏還是有待觀察的。可以肯定的是：接下來的幾週將至關重要，因為星際之門DAO權衡了利弊。這是和諧的聯盟還是顛簸的騎行？只有時間會證明。同時，抓住一些爆米花並欣賞節目，伙計們！加密從來沒有一個沉悶的時刻，是嗎？