On May 11th, LayerZero Labs released a Protocol RFP proposal in the community, marking the first step in finalizing the TGE allocation. It said that the developer is LayerZero life infra, and the RFP allows each project to develop its own allocation criteria based on its overall token allocation. In addition, LayerZero also requires each team to provide a developer address, ensuring that the development team directly receives 10% of the allocation to the developer. The proposal is realistic, all in Snapshot #1 Projects that have previously deployed OApp, OFT, or ONFT contracts on the mainnet and declared them on LayerZero Scan are eligible to submit proposals. Examples of project allocation are: 50% allocated to users of cross-chain OFTs, 20% allocated to LPs, 15% allocated to token holders, and 15% allocated to community members. Meanwhile, the LayerZero Foundation will screen based on the final witch report, and witch addresses will be automatically disqualified from allocation.
LayerZero notes that Protocol RFP is only one aspect of TGE, and more information on token distribution, including single-user distribution and future protocol distribution, will be announced shortly.
LayerZero Releases Protocol RFP Proposal, Determining TGE Allocation First Step
2024-05-11 01:23:10
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