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

GateNews
ZRO2,52%
STG0,77%

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

Solana cofounder toly: a base-layer stablecoin should be built that can only be frozen with authorization from the court

Solana co-founder toly noted that the industry needs a stablecoin that can only be frozen under a court order, opposing other freeze factors. He suggested that the protocol issue a stablecoin with custom freeze strategies on the base layer and strengthen security measures. This view stems from a recent response by Circle to the Drift protocol hack incident, sparking discussions about centralized stablecoins.

GateNews2m ago

WLFI mints 25 million new USD1 units and burns 3 million units, for a net increase in circulating supply of 22 million units

According to Arkham data, World Liberty Financial (WLFI) newly minted 25 million USD1 through BitGo Custody, destroyed 3 million USD1, and increased the circulating supply net by 22 million USD1. This expansion is consistent with the amount of loan repayments, causing the USD1 lending pool utilization rate to approach 100%.

GateNews2h ago

Pi Network Distributes 26.5M PI to 1M KYC Validators

Pi Network has taken another step forward in building its ecosystem. The project recently distributed 26.5 million PI tokens to more than 1 million KYC validators. These rewards were given to users who helped verify identities on the network. This process is important. Because it ensures that

Coinfomania2h ago

Genius 70% Airdrop Sparks Controversy, Adds Refunds to Resolve the Issue

The airdrop program launched by Genius has sparked controversy, and on April 13 it added a refund feature that allows users to burn their allocated airdrop shares within 48 hours after the TGE in order to receive a net-fee refund. The original rules required instant claimers to burn 70% of the tokens, which led to widespread community dissatisfaction and criticism that it was a rule reversal. Users have expressed strong outrage over the unfair cost calculations and potential losses.

MarketWhisper10h ago

Morpho Borrowers Paid $170M Interest. Aave Made More.

_Morpho borrowers paid $170M in interest over one year, Token Terminal data shows, outpacing Aave’s $140M revenue against a comparable $1.5B valuation._ DeFi lending is moving fast. And one protocol nobody was talking about two years ago just posted numbers that are turning heads across the

LiveBTCNews11h ago

WLFI Threatens to File a Lawsuit Against Sun Yuzhou: “See You in Court.” Controversy Escalates After Token Contract Allegedly Hides a Blacklist Backdoor

The conflict between the crypto project WLFI supported by Trump’s family and Justin Sun escalates, with Sun accusing the WLFI token contract of containing a backdoor that freezes users’ funds. WLFI, in turn, refutes Sun’s claims as exaggerated. This dispute highlights the tension between crypto project governance and the principles of decentralization.

ChainNewsAbmedia13h ago
Comment
0/400
No comments