{"id":686268,"date":"2025-08-21T05:40:22","date_gmt":"2025-08-21T02:40:22","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/wormhole-to-counter-layerzeros-110m-stargate-bid-with-its-own\/"},"modified":"2025-08-21T05:40:22","modified_gmt":"2025-08-21T02:40:22","slug":"wormhole-to-counter-layerzeros-110m-stargate-bid-with-its-own","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wormhole-to-counter-layerzeros-110m-stargate-bid-with-its-own\/","title":{"rendered":"Wormhole to counter LayerZero\u2019s $110M Stargate bid with its own"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5OGM5ZGEtYWVhMS03ODYwLWEyMjgtYWYyMGE1NWUxMjcz.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>Wormhole will bid against LayerZero to acquire the crosschain transfer platform Stargate, which just launched an updated bid on Sunday to better reception.<\/p>\n<p><p>Cross-blockchain bridge Wormhole is looking to bid against LayerZero\u2019s $110 million bid to acquire crypto protocol Stargate, arguing LayerZero\u2019s bid doesn\u2019t \u201ccreate a compelling offer.\u201d <\/p>\n<p>The Wormhole Foundation <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/stargate.discourse.group\/t\/layerzero-foundation-acquisition-of-stargate-stg\/682\/63\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">said<\/a> in a post on Stargate\u2019s forum on Wednesday that it deserves \u201ca more competitive process\u201d after the LayerZero Foundation\u2019s initial $110 million bid earlier in August to buy the platform failed to resonate with the community. LayerZero updated its offer on Sunday to a greater reception. <\/p>\n<p>\u201cIt doesn\u2019t create a compelling offer, which values Stargate\u2019s ongoing business at an unreasonably low number,\u201d Wormhole wrote of LayerZero\u2019s bid. \u201cWe are prepared to submit a meaningfully higher bid.\u201d<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/wormhole-counter-layerzero-stargate-acquisition-bid?utm_source=rss_feed&#038;utm_medium=feed&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wormhole will bid against LayerZero to acquire the crosschain transfer platform Stargate, which just launched an updated bid on Sunday to better reception. Cross-blockchain bridge Wormhole is looking to bid against LayerZero\u2019s $110 million bid to acquire crypto protocol Stargate, arguing LayerZero\u2019s bid doesn\u2019t \u201ccreate a compelling offer.\u201d The Wormhole Foundation said in a post&#8230;<\/p>\n","protected":false},"author":1,"featured_media":686269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-08\/0198c9da-aea1-7860-a228-af20a55e1273","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74868,74892,117],"class_list":["post-686268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-defi","tag-tokens","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/686268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=686268"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/686268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/686269"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=686268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=686268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=686268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}