Relayzero { a crypto-native advisor }

a crypto native M&A and GTM advisory firm for founders, companies, and DAOs // grow & win markets through data-driven strategic acquisitions and go-to-market

[Lawson Bae @lwsnbaker]

Relayzero recommends: Pause, Disclose, & Create an Open Bidding Process for Stargate.

With multiple bidders emerging, the DAO must maximize transparency and competition.

This is your deal to decide.

[Lawson Bae @lwsnbaker]

It's official. Our first ever bidding war in crypto M&A.

Wormhole ($W). submits a $120M all cash ($USDC) bid for Stargate ($STG).

This is $10M (60%) higher Enterprise Value (EV) than LayerZero's ($25M vs $15M) - almost double the multiple on revenue (12x vs 7.2x).

[Unchained @Unchained_pod]

The Stargate DAO is holding $95M in cash 💰

So is LayerZero’s $110M offer really undervaluing the protocol itself?

[Lawson Bae @lwsnbaker]

Relayzero's M&A analysis reflecting a 7.2x revenue multiple for the enterprise valuation for Stargate (STG) is now live.

Bidding war LayerZero (ZRO) and Wormhole (W)

Here's a glimpse.