$STG v2 will be released on the 29th!

The Stargate Foundation began voting on the Layerzero token distribution plan on May 26th. The proposal involves the Stargate community distributing LayerZero tokens to cross-chain bridge users, liquidity providers (LPs), and veSTG holders.

The specific distribution ratio is as follows:

• Cross-chain bridge users: 60% (42% based on bridge trading volume, 18% cooperative contracts) • veSTG holders: 20% (time and volume weighted) • Liquidity providers: 10% (liquidity provision timing and volume weighted) • Developers : 10% (marketing, community activities, etc.)

The proposal also includes token allocation for AptosBridge users (90%) and a cooperation agreement to promote Aptos Bridge development (10%).

Voting ends on May 29th, and currently shows an approval rate of 93.08%.