Stargate Community Completes RFP Voting for LayerZero Token Distribution Plan
The Stargate cross-chain bridge community has completed the LayerZero token distribution proposal RFP vote, with a total of 96.77% approval votes. The proposal includes the final choice between providing the initially approved RFP for Stargate and the second amended RFP. Proposal one includes reducing cross-chain distribution from 42% to 40%; reducing partner agreement distribution from 18% to 15%; increasing veSTG holder distribution from 20% to 25%; the additional 5% allocated to veSTG holders will serve as a reward for voters who have at least 1 vote in the snapshot, with the cumulative voting score as the measure; and the multiplier for early voters (before the 1-year mark) will also be increased to 1.5x (previously 1.3x). Proposal two remains unchanged.
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