BlockBeats news, on February 27, Bryan Pellegrino, co-founder and CEO of LayerZero Labs, posted on social media: “As promised, all remaining STG held by the DAO has been burned. The redemption contract remains open to everyone. STG has now been renamed ZRO.”
LayerZero DAO Destroys Remaining STG Tokens; STG-to-ZRO Redemption Now Open
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Summary
On February 27, 2026, LayerZero DAO announced, per on-chain records, that it has destroyed all remaining STG tokens as promised. STG has been renamed ZRO, and the STG-to-ZRO redemption contract remains open to all users. Bryan Pellegrino, co-founder and CEO of LayerZero Labs, confirmed the move on social media. Crypto news outlets such as Blockbeats reported the update.
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