Stargate repurchased 146,430 ZRO in February, bringing the total repurchased to 1,495,039 tokens, valued at approximately $3.14 million. Starting next month, 100% of the proceeds will be used for ZRO buybacks. The LayerZero Foundation has fully acquired Stargate, and the STG token can be exchanged for ZRO at a fixed rate.

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 swap contract remains open to everyone. STG has now been renamed to ZRO."