Inside the Stargate Acquisition Battle with Robinson Burkey

How should crypto acquisitions be handled?

In today's episode, Robinson from Wormhole explains why they countered Layer Zero's Stargate bid with $120 million in USDC. With less than 1% voter turnout and a 96-hour timeline that made due diligence impossible, Robinson argues the process was fundamentally broken.

We cover the messy reality of DAO governance, intertwined voter interests, and why Robinson believes on-chain acquisitions are predatory.

Let's get into it.

The Rollup