# 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:** 87

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**Author:** ![LLCgenerator](https://avatars.discourse-cdn.com/v4/letter/l/c67d28/32.png) [@LLCgenerator](https://stargate.discourse.group/u/LLCgenerator)\
**Post date:** [August 23, 2025, 8:06pm UTC](https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682/87 "2025-08-23T20:06:30Z")

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@WormholeFDN @hal2001 @AxelarFoundation

After purchasing the necessary STG and staking it, create a Snapshot proposal referencing Discourse thread [EMERGENCY PROPOSAL: Independent Sale Process for Stargate](https://stargate.discourse.group/t/emergency-proposal-independent-sale-process-for-stargate/789), the $120M USDC cash bid, and frame it as an emergency fast-track with a 12-hour voting period to pause the LayerZero vote and initiate an independent sale process.

This proposal already has completed the 7 day discussion period, meaning according to DAO rules it should be posted on snapshot, especially considering the existential nature of this proposal and the positive support in the thread.

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_[View the full topic](https://stargate.discourse.group/t/layerzero-foundation-acquisition-of-stargate-stg/682)._