Binance completed the Stargate Finance (STG) token merger into LayerZero (ZRO).
Tech & Launches ·
Binance has completed the conversion of Stargate Finance (STG) tokens to LayerZero (ZRO) tokens on its platform. The merger process represents a consolidation of the two token systems, with STG holders able to exchange their holdings for the LayerZero token equivalent.
The token merge follows LayerZero's broader ecosystem developments and reflects the integration of Stargate Finance's functionality into the LayerZero protocol structure. Stargate Finance had operated as a key application within the LayerZero ecosystem, and the merger aligns the token incentive structures under a unified asset.
The material does not specify the exchange rate used for the conversion, the exact timing of when holders could initiate the swap, or whether all STG holders have completed the transition. It remains unclear whether this merger affects Stargate Finance's operational status as a separate product or protocol.