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Data: Stargate repurchased a total of 146,430 ZRO in February, bringing the cumulative repurchase amount to 1,495,039
The cross-chain protocol Stargate tweeted that it repurchased a total of 146,430 ZRO in February, worth approximately $300,000. As of now, its cumulative repurchase amount is 1,495,039 ZRO, valued at around $3.14 million.
The official statement indicates that Stargate's revenue is currently distributed to veSTG stakers and ZRO repurchase at a 50/50 ratio. Starting next month, Stargate's revenue will be used 100% for ZRO repurchase.
In previous news, Stargate tweeted that the LayerZero Foundation has officially completed a full acquisition of Stargate (STG), including the protocol, tokens, and treasury. After the acquisition, STG tokens will be exchangeable for LayerZero's native token ZRO at a fixed rate (1 STG = 0.08634 ZRO), and the exchange window will remain open for a long time.
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