Layerzero airdrop standards partially revealed
At 10 am Beijing time today, an important vote will be held, which may determine your share of the Layerzero airdrop
🔹Stargate cross-bridgers 60% allocation (42% / 18%)
🔹Voters 20% allocation (stake more than 20 tokens)
🔹Liquidity providers 10% allocation
🔹Developers 10% allocation
🔹Aptos Bridge To be determined (90% users / 10% developers)
Stargate Foundation is the only product of Layerzero in the early days. It was not until August 2023 that aptosbridge was merged, so I think Stargate's proposal has a say
Stargate cross-bridgers
The Stargate Foundation proposes that 60% of the total airdrop amount will be allocated to Stargate users
Of which 42% is allocated to For users directly bridged by Stargate, 18% is reserved for cooperation protocols that aggregate/nest Stargate (such as LiFi, WOOFi, etc.)
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Voter
veSTG holders participate in voting and STG holders who are entrusted receive 20% of the allocation
🦖If you stake less than 20, there will be no airdrops no matter how many times you vote! The Foundation counts users staking less than 20veSTG as 82.3% of the total wallets, and there is reason to believe that most of them are robots and witches
This distribution will be time-weighted and quantity-weighted, and will take into account (locked amount * lock duration), which will provide an accurate time-weighted score
In addition, users who stake STG tokens before the first anniversary of Stargate (March 17, 2023) will receive a 1.3x score multiplier
Liquidity providers
10% allocated to LP providers
The Foundation believes that while liquidity provision is important, users have already received pool incentive rewards of 8-20% annual interest rate, so they can only get a 10% share
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🔹Aptos Bridge To be determined
AptosBridge is eligible for distribution, and the Foundation recommends the following distribution:
90% allocated to users bridged through AptosBridge, weighted by quantity from the beginning to May 1
10% allocated to users who have staked in Partner agreements built on AptosBridge, or driving sales through it
This will be a separate nested RFP process for the Stargate core protocol
Any wallet that qualifies for distribution that meets the above criteria will be filtered by the LayerZero Sybil standard
