The first $1.2m of ZRO buybacks post Stargate acquisition have been executed.
This number reflects 50% of revenue currently going towards veSTG stakers which expires at the end of February, at which point 100% will go towards buybacks.
LayerZero Labs has added $10m of ZRO from the open market directly to its balance sheet.
We are living through a once-in-a-generation change in the financial system and LayerZero sits at the core of this transition to global-scale permissionless infrastructure.
We at LayerZero Labs believe ZRO is currently one of the most mispriced assets in the world.
We will continue to add as the opportunity presents itself.
The Stargate DAO has approved our acquisition of Stargate (STG).
We’ve spent four years building the rails to reinvent how value moves. Today, we accelerate our network effects.
LayerZero is better money technology.
Stargate is the interface for value transfer.
🗳️ Fee Switch Referendum #2
On June 20, 2025 ZRO holders will vote:
• “Yes” to activate the LayerZero protocol fee
• “No” to keep the protocol fee inactive
If activated, a protocol fee will be imposed on every LayerZero message.
Collected protocol fees would be used to buy and burn ZRO.
Quorum has been reduced in response to the first referendum's overwhelming support in favor of "Yes."
Voting Details:
- Only circulating ZRO (109M tokens) is eligible to vote.
- Quorum is 50.40%. From there, majority wins.
- Vote with your entire ZRO balance from one chain.
- Voting ends June 27, 2025. Next referendum in 6 months.
More Information
https://t.co/ADtDvx6DLJ