LayerZero Co-founder: DAO holdings of remaining STG have been fully burned, and the STG to ZRO exchange contract remains fully open

GateNews
ZRO-6,17%
STG-2,49%

BlockBeats News, February 27 — LayerZero Labs co-founder and CEO Bryan Pellegrino announced on social media, “As promised, all remaining DAO-held STG has been burned. The redemption contract remains open to everyone. STG has now been renamed ZRO.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Circle ускорила чеканку 3.25B USDC, побивши Solana тижневий рекорд

In early April, Circle minted $3.25 billion USDC on the Solana blockchain, setting the largest single-week issuance record since 2026, indicating rising DeFi activity and demand for institutional capital inflows. As a liquidity medium, USDC supports trading and lending across the Solana ecosystem, and its huge coin-minting volume also underscores Solana’s important role in stablecoin settlement. Analysis suggests that the flow of funds will affect market impact strength.

MarketWhisper55m ago

OneFootball Club: After filtering, users outside the top 25k still meet the qualification for an empty subscription slot

Web3 fan platform OneFootball Club announced that the BALLS points leaderboard is not a final ranking, and users outside the top 25k may also qualify. All participants will receive a FanPass multiplier to use for future token air drops, and up to 100k OFC tokens will be allocated to actual contributors, with reward percentages that include different vesting periods. The claim window will remain open for 2 weeks; any unclaimed portion will be returned to the treasury.

GateNews1h ago

Ethena expands USDe collateral types to equities and commodities markets

Ethena officially announced that it will expand USDe’s collateral types after obtaining approval from an independent risk committee, with the goal of reducing concentration risk and achieving collateral structure diversification. It will cover four areas: institutional stablecoin lending and borrowing, real-world assets, basis trading in stocks and commodities, and financing for trading institutions.

GateNews2h ago

Encryption Supremacy: Zcash and Privacy in the Age of Scale

The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.

CoinDesk9h ago

Polymarket reveals a 'full exchange upgrade' to take control of its own trading and truth

Polymarket plans to launch a new USDC-backed collateral token, Polymarket USD, as part of a comprehensive platform upgrade. This move aims to enhance control over settlement and liquidity. The potential introduction of a POLY token for governance could further refine market integrity, following controversies in its current governance system.

CoinDesk10h ago

Circle Minted $3.25 Billion USDC on Solana Past Week, What This Means

Circle Internet Group minted $3.25 billion in USDC on the Solana blockchain, marking the largest weekly issuance in 2026. This move reflects Circle's strategy to enhance USDC's accessibility and capitalize on Solana's speed and low fees amid rising stablecoin demand.

BlockChainReporter12h ago
Comment
0/400
No comments