Summary
To be eligible for the airdrop, LayerZero is requesting a RFP from every eligible project.
The Protocol RFP (Request for Proposal) is the first step in the TGE allocation process, which gives each project the ability to establish its own allocation criteria relative to its overall token allocation.
Motivation
We are expediting the following OIP to have the community vote on the preferred distribution allocation for tokens that the Olympus Protocol is entitled to. Following the discussions made in the community discord, we must now formalize and vote as a community before submitting to LayerZero.
Proposal:
The distribution criteria has certain restrictions as qualified in Clarified RFP Criteria.
The developer allocation (maximum 10%) can be used for any purpose chosen by the developers, including expenses, audits, future community incentives, etc.
Protocols cannot request an allocation for their treasuries; any such request must come from the 10% developer allocation.
The remaining 90% allocation is intended as retroactive rewards for the users and community members of the protocol.
Based on this criteria we propose the following for community consideration:
Option 1.
10% allocation to Devs / Olympus Treasury.
45% weighted distribution to those that bridged 10 ohm or more before the snapshot.
45% to ohm/gohm holders (cooler loans count) based on how much they own with 10 ohm minimum
Option 2:
10% allocation to Devs / Olympus Treasury
60% weighted distribution to those that bridged 10 ohm or more before snapshot.
30% to ohm/gohm holders (cooler loans count) based on how much they own with 10 ohm minimum)
Option 3:
10% allocation to Devs / Olympus Treasury
30% weighted distribution to those that bridged 10 ohm or more before snapshot.
60% to ohm/gohm holders (cooler loans count) based on how much they own with 10 ohm minimum)
Option 4:
10% allocation to Devs / Olympus Treasury
90% to coolered loans ohm.