LayerZero proposes buying Stargate

In a recent post on X, the LayerZero Foundation (ZRO) has proposed buying Stargate (STG), an omnichain-native asset bridge. According to the proposal, all circulating STG, staked or voting, would be swapped for ZRO at a rate of 1 STG to 0.08634 ZRO. Any extra revenue Stargate makes in the future would go toward buying back ZRO to reduce its supply. The plan is now posted on the Stargate community forum, where holders have a week to look it over and ask questions.