LayerZero Announces December 15 Deadline for STG to ZRO Redemption

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On November 4, LayerZero announced that the STG-to-ZRO redemption service will terminate on December 15. After this date, the service will no longer be supported. The project will collaborate with exchanges, market makers, and custodians to facilitate the transition. Prior to the Zero mainnet launch, ownership of the ZRO contract will be transferred to LayerZero’s OneSig signature scheme, and the DVN validation threshold will be increased to 4/4. This on-chain update represents a key milestone in the project’s roadmap.

ChainThink reports that, according to an official LayerZero announcement, the STG-to-ZRO exchange service will end on December 15, after which exchanges will no longer be supported.

LayerZero will collaborate with exchanges, market makers, custodians, and ecosystem partners to facilitate the transition.

Additionally, prior to the Zero mainnet launch, ownership of the ZRO contract will be migrated to LayerZero’s proprietary signing solution, OneSig, and the required validation threshold for the Decentralized Verification Network (DVN) will be increased to 4/4.

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