LayerZero releases "Protocol RFP" proposal to determine the first step of TGE allocation

ChainCatcher news, LayerZero Labs has released a "Protocol RFP" proposal in the community, marking the first step in finalizing the TGE allocation.

It states that developers are the lifeline of LayerZero, and this RFP allows each project to establish its own allocation criteria based on its overall token distribution. Additionally, LayerZero requires each team to provide developer addresses to ensure that the development team directly receives 10% allocated to developers.

The proposal indicates that all projects that deployed OApp, OFT, or ONFT contracts on the mainnet before Snapshot #1 and declared them on LayerZero Scan are eligible to submit proposals. An example of project allocation is: 50% allocated to users of cross-chain OFT, 20% allocated to LPs, 15% allocated to token holders, and 15% allocated to community members. Meanwhile, the LayerZero Foundation will filter based on the final witch report, and witch addresses will automatically lose their allocation eligibility.

LayerZero hints that the Protocol RFP is just one aspect of the TGE, and more information regarding token distribution (including individual user allocations and future protocol allocations) will be announced soon.