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Stargate initiates vote on amendment to LayerZero token distribution plan, intending to increase the distribution ratio for veSTG holders

Stargate initiates vote on amendment to LayerZero token distribution plan, intending to increase the distribution ratio for veSTG holders

CointimeCointime2024/05/31 02:43
By:Cointime

On May 31st, the Stargate Foundation initiated a vote to revise the LayerZero token distribution plan. The revision proposes to increase the distribution ratio for veSTG holders from the original 20% to 25%. The distribution ratios for cross-chain bridge usage and partnership agreements are reduced to 40% and 15%, respectively.

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