To illustrate the benefit of a cash offer, let’s compare the main components of the current offer from LayerZero and the numbers we provided today.
We also want to draw attention to the improved revenue sharing for veSTG holders, which we have tripled.
We believe the offer from LayerZero to be at a disadvantage in all areas.
We show our work below:
Circulating supply of STG: 660,527,273.44 (Source: Aug 4th Treasury Report)
Wormhole lump sum: 120,000,000 USDC
LayerZero lump sum: 0.08634 ZRO per STG
ZRO price today: $2.07 (Source: Coingecko)
STG price today: $0.1799 (Source: Coingecko)
Wormhole per token:
(120,000,000 USDC) / (660,527,273.44 STG) = $0.18167304
LayerZero per token:
($2.07 price) * (0.08634 ZRO) = $0.1787238
ZRO also suffers from low liquidity, with slippage occurring well below a $1m swap in DeFi.
