LayerZero，Stargate Bridge和Token交易没有：发生了什么？

深入了解了Loysero基金会为获得Stargate Bridge的尝试以及社区对交易令人惊讶的拒绝。

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

LayerZero，Stargate Bridge和Token交易没有：发生了什么？

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1.38亿美元收购Stargate Bridge的提议激起了Defi世界。这笔交易涉及ZRO的STG互换，旨在巩固跨链基础设施。但是，事实证明，星际之门社区还有其他计划。让我们研究细节。

The Proposal: A Quick Recap

提案：快速回顾

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宣布打算收购Stargate Bridge。该计划是将所有STG令牌换成layerZero的ZRO令牌，固定速率为0.08634 ZRO，每个STG的评估为0.1675美元。这个想法是简化操作，增强流动性并巩固层生态系统中的治理。该公告最初提高了两个令牌，STG上升了12％，Zro攀升15％。

Why the Community Said “No”

为什么社区说“不”

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

尽管融合有潜在的好处，但星际之门社区绝大多数拒绝了这一提议。为什么？出现了几个关键问题：

• 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

星际之门社区的立场

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.

星际之门社区拒绝这项交易强调了分散社区对塑造重大战略决策的日益增长的影响。令牌持有人通过发声反对派并最终拒绝反馈阶段的提议来展示自己的权力。这为未来在Defi领域的收购设定了重要的先例，强调了使激励措施和尊重利益相关者权利的重要性。

What's Next?

接下来是什么？

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关系的未来仍然不确定。 LoyeZero是否会修改其解决社区关注的建议？如果是这样，可能会进行正式的链票。成功的决议可以作为未来加密整合的模型，证明在不损害分散价值的情况下可以建立大规模合作伙伴关系。

My Two ZRO Cents

我的两个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.

从我的位置来看，整个传奇都突出了Defi的狂野西部性质。一方面，LayerZero的战略举动是有道理的 - 合并，简化和统治。另一方面，您不能只是在一个相信其项目的社区中推销。星际之门的人们显然重视他们的独立性，不怕弯曲他们的分散肌肉。提醒您，在加密货币中，社区经常有最终决定权。

The Takeaway

外卖

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!

在不断发展的Web3景观中，Lyzero-Stargate交易是一项至关重要的案例研究。它强调了确保社区买入战略合作伙伴关系和收购的必要性。无论layerzero修改了报价还是走开，一件事都很清楚：加密的分散精神还活着。因此，伙计们，请睁大眼睛，因为在Defi的世界中，任何事情都可能发生！