Wormhole Foundation challenges LayerZero’s $110M Stargate acquisition proposal

Wormhole Foundation (WF) entered the bidding competition for Stargate Finance, challenging LayerZero’s proposed $110 million acquisition. In an Aug. 20 statement via X, WF argued that LayerZero’s offer significantly undervalues the cross-chain bridge protocol. LayerZero Foundation announced its acquisition proposal on Aug. 10, offering to purchase all circulating STG tokens at $0.1675 per token through The post Wormhole Foundation challenges LayerZero’s $110M Stargate acquisition proposal appeared first on CryptoSlate.