Stargate Foundation launches LayerZero token distribution plan vote, focusing on rewarding bridge users and STG stakers

BlockBeats news, on May 26, the Stargate Foundation initiated a proposal vote on the allocation of LayerZero tokens. The proposal stated that the Stargate community will allocate LayerZero tokens to three categories of users: cross-chain bridge users, liquidity providers (LPs), and veSTG holders.

The specific allocation ratio is:

- 60% is allocated to cross-chain bridge users, of which 42% is allocated to users based on bridge transaction volume, and 18% is reserved for the cooperation agreement for nested RFP process.

- 20% is allocated to veSTG holders, weighted based on time and quantity.

- 10% is allocated to liquidity providers, weighted based on the time and amount of liquidity provided.

- 10% is allocated to developers for future budgets, including marketing and community activities.

In addition, the proposal also includes the allocation of LayerZero tokens obtained by AptosBridge, 90% to users who use AptosBridge, and 10% to cooperative agreements that promote the development of AptosBridge.

The vote will end on May 29 and has currently received 93.08% support.