Stargate community completes RFP voting for "LayerZero Token Distribution Scheme"
2024-05-31 01:12:13
The cross-chain bridge Stargate community completed the LayerZero token distribution plan RFP voting, and the plan received a total of 96.77% approval. The proposal includes providing a final choice between the initial approved RFP by Stargate and the second amended RFP. The content of the first plan is: the cross-chain distribution will be reduced from 42% to 40%; the partner agreement distribution will be reduced from 18% to 15%; the veSTG holder distribution will be increased from 20% to 25%; the additional 5% allocated to veSTG holders will be used as a reward for voters who cast at least 1 vote for snapshot, and the cumulative vote score will be used as a measure; the multiplier for early voters (before the 1st anniversary) will also be increased to 1.5 times (previously 1.3 times). Option 2 remains unchanged.
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