# LayerZero Foundation acquisition of Stargate (STG)

**URL:** <https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682>\
**Category:** General\
**Created:** [August 10, 2025, 4:22pm UTC](https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682 "2025-08-10T16:22:24Z")\
**Posts on this page:** 1\
**Showing post:** 68

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**Author:** ![prosecco-king](https://avatars.discourse-cdn.com/v4/letter/p/dec6dc/32.png) [@prosecco-king](https://stargate.discourse.group/u/prosecco-king)\
**Post date:** [August 20, 2025, 7:38pm UTC](https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682/68 "2025-08-20T19:38:37Z")

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I am confused. LayerZero themselves said a revised proposal will be posted on August 17th, and the Snapshot vote will be posted on August 20th, after an additional 3 day review. Why did this not happen?

> [@LayerZero\_Fndn](#):
>
> The LayerZero Foundation will update this proposal exactly seven days after the initial proposal went up to reflect changes for veSTG holders, as per governance rules.
> 
> The new proposal, which will be posted on August 17th, will remain for 3 days before going to Snapshot on August 20th.
> 
> From there, it will be sent to vote, which we are extending from the StargateDAO-mandated three day window to seven days. This means voting will conclude on August 27th.

STG holders deserve to see LayerZero’s revised proposal and have more time to consider all information (including alternative proposals).

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