LayerZero Labs Announces Protocol RFP Proposal, Signifying First Step In TGE Allocation

According to Foresight News, LayerZero Labs has released a 'Protocol RFP' proposal in the community, marking the first step in finalizing TGE allocation. The company stated that developers are the lifeline of LayerZero, and this RFP allows each project to set its own allocation standards based on its overall token distribution. In addition, LayerZero requires each team to provide developer addresses, ensuring that the development team directly receives 10% allocated to developers. The proposal reveals 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 cross-chain OFT users, 20% allocated to LP, 15% allocated to token holders, and 15% allocated to community members. At the same time, the LayerZero Foundation will screen based on the final witch report, and witch addresses will automatically lose allocation eligibility. LayerZero pointed out that the Protocol RFP is just one aspect of TGE, and more information about token distribution, including single-user distribution and future protocol distribution, will be announced soon.