If this acquisition goes through:
LayerZero will have acquired this for almost nothing.
Stargate FDN will no longer have to pay bridge revenues to its stakers, and this money will remain with FDN. According to the latest reports, this amounts to $939k over three months.
Current ZRO holders will be able to sell their ZRO at a higher price through buybacks made by Stargate from the revenue generated here.
STG holders, on the other hand, will exchange their tokens for ZRO at a very low price and will have to hold ZRO directly without receiving stake income.
The only losers here are STG holders. Therefore, LayerZero should either significantly increase its offer or this sale should not proceed.
