According to Odaily, the Stargate Foundation has announced the initiation of voting on a revised LayerZero token distribution scheme. The proposed amendment aims to increase the allocation ratio for veSTG holders from the original 20% to 25%. The allocation ratios for cross-chain bridge usage and cooperation agreements have been reduced to 40% and 15% respectively.
The Stargate Foundation's move to revise the LayerZero token distribution scheme is seen as an effort to provide more benefits to veSTG holders. By increasing the allocation ratio, veSTG holders will have a larger share in the distribution of LayerZero tokens. On the other hand, the reduction in allocation ratios for cross-chain bridge usage and cooperation agreements indicates a shift in the Foundation's focus towards rewarding veSTG holders.
The voting process will determine the acceptance or rejection of the proposed amendment. The outcome of the vote will have a significant impact on the distribution of LayerZero tokens and could potentially influence the future direction of the Stargate Foundation's strategies and policies.