Verdict
Why this rating: Acquired by LayerZero (94% approval, STG→ZRO 1:0.08634, ~$110M) — the first true DAO M&A comp; the precedent exists but the contract-native mechanism (GSA-6) doesn't. STRUCTURAL CHANGE: acquired by LayerZero (Aug 2025), DAO dissolved, S4 exit; Historical GSA-3 near-miss (6-month transition revenue share, SOFT) recorded as fail per index treatment
| Proposal | Title | Outcome | Closed |
|---|---|---|---|
| 0xf5516dd3c7… | LayerZero Proposes Acquisition of Stargate (STG) | Closed | August 24, 2025 |
| 0xfe2a457fd2… | Migrate Stargate Protocol Contracts to OneSig | Closed | August 12, 2025 |
| 0x6bfcf5f666… | Stargate Finance Stablecoin Staking Yield Event | Closed | August 3, 2025 |
| 0xcb6cf82887… | StargateDAO Capital Allocation to Intent Based Systems | Closed | July 31, 2025 |
| 0xd92078d4f9… | [Ratification] ETH and USDC pools on Cronos zkEVM | Closed | July 29, 2025 |
History from the Institute scanner and the 2026-08-31 recheck pulls (Snapshot Hub GraphQL / OpenSquare). Outcomes marked from recheck determinations where the proposal is named; otherwise the recorded state is shown.
| Treasury | $80.0M (gross; curated estimate) |
|---|---|
| Treasury (liquid) | $48.8M |
| Revenue (annual) | $12.0M |
| Token incentives (annual) | $8.0M |
| Net earnings (annual) | $4.0M |
| Distribution enforcement | soft |
| Distribution mechanism | soft_ve |
| Revenue path | Bridge fees -> veSTG holders via gauge/bribe; acquisition pending |
| Recourse | SOFT — discretionary; holders rely on governance goodwill. |
Model and audit state reads as of 2026-08-31 (Institute governance model / distribution audit state files). Not a Token Terminal license; curated figures update quarterly.
Structure: S4 — Token-to-Equity Conversion.
S1-S5 protocol business structure taxonomy, as-of 2026-08-27 (structure taxonomy date); scores as-of 2026-08-31 (first scored 2026-07-23)
2026-08-31 recheck verdict: UNCHANGED.