# RFC #6: LayerZero Airdrop Distribution Proposal **URL:** \ **Category:** \[RFC\] Request for comment\ **Created:** [May 22, 2024, 10:01am UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230 "2024-05-22T10:01:18Z")\ **Posts on this page:** 19\ **Page:** 1
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 22, 2024, 10:01am UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/1 "2024-05-22T10:01:18Z")
# Proposal for LayerZero Airdrop Distribution ## Section 1: Summary/Scope a. This proposal outlines the detailed distribution plan for the LayerZero airdrop to key contributors within the Wagmi protocol ecosystem. b. The aim is to allocate tokens from LayerZero’s airdrop in a manner that rewards various participants who have supported the protocol’s growth. c. The main objectives are to fairly distribute the airdrop tokens to GMI users, Leverage LP Approvers, Wagmi token holders, sWagmi token holders, and the development team. ## Section 2: Reference - **[LayerZero Protocol RFP Announcement](https://commonwealth.im/layerzero/discussion/17246-protocol-rfp)** - **[LayerZero Labs Tweet](https://x.com/layerzero_labs/status/1788984201930301901?s=46&t=TXM2EAoEz3im2c27WiE1DA)** - **[Wagmi Website](https://wagmi.com/)** - **Documentation & Wiki** : [[Wagmi Docs]](https://docs.wagmi.com/) - **GitHub** : [[Wagmi GitHub]](https://github.com/realwagmi) - **Audits** : [[Audit Reports]](https://docs.wagmi.com/wagmi/audits) - **Social links** : [Twitter, Discord, Telegram](https://docs.wagmi.com/wagmi/community-links) ## Section 3: Main Objective of the Proposal ### Motivation for Proposal - **Reward key participants in the Wagmi ecosystem** : - **GMI Users** : Enhance protocol’s TVL by contributing assets to POL. - **Leverage LP Approvers** : Enable liquidity for leverage. - **Wagmi Token Holders** : Governance and support across all networks. - **sWagmi Token Holders** : Support long-term vision of the project. - **Development Team** : Requested in airdrop terms by LayerZero. - **Promote further engagement and participation within the protocol.** - **Align the airdrop distribution with LayerZero’s guidelines and community expectations.** ### Detailed Distribution of Tokens - **10% to Development Address** - **30% to GMI Users** : - **20% to Leverage LP Approvers** : - **20% to Wagmi Token Holders** : - **20% to sWagmi Token Holders** : In case where a single wallet is appearing in each of the categories, he will receive the reward for each category. Meaning, if a user Approved LP for leverage, entered GMI, holds at least 1000 Wagmi and at least 1000 sWagmi, he will receive the allocation for each. (4x the rewards). The complete list of addresses that qualify for the airdrop can be found here: [LayerZero Airdrop list](https://docs.google.com/spreadsheets/d/1MDUHUu1dc7lGgtPzOhXuvWJEbmedXojw5hGUNSWLZ_0/edit?usp=sharing) ## Section 4: Contracts/Technical Requirements - Posting the proposal on the [LayerZero forum](https://commonwealth.im/layerzero/discussions/RFP%20Submission) - Submission of a CSV file containing the distribution breakdown of addresses. ## Section 5: Timeline - **May 22, 2024** : Comments on this proposal are open for the next 24 hours. - **May 23 2024** : Proposal will be posted on our Snapshot page for voting. - **May 27, 2024** : If the proposal passes, it will be posted on the LayerZero forum. - **May 31, 2024** : Deadline for proposal submission to LayerZero. We invite all Wagmi DAO holders to review and comment on this proposal to ensure a fair and transparent distribution of LayerZero’s airdrop tokens to our deserving community members. Feel free to engage with us and ask any questions regarding the distribution. Wagmi! ---
**Author:** ![user1](https://avatars.discourse-cdn.com/v4/letter/u/5daacb/32.png) [@user1](https://forum.wagmi.com/u/user1)\ **Post date:** [May 22, 2024, 12:10pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/2 "2024-05-22T12:10:15Z")
IMO sWagmi stakers should receive more than wagmi holders, most undervalued loyal protocol participants. ---
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 22, 2024, 12:18pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/3 "2024-05-22T12:18:13Z")
I get your point, but given the fact there are less sWagmi stakers ( 587) than there is Wagmi (2291) holders, each staker will recieve 4x larger allocation than a Wagmi token holder. ---
**Author:** ![Fakest](https://avatars.discourse-cdn.com/v4/letter/f/e9bcb4/32.png) [@Fakest](https://forum.wagmi.com/u/Fakest)\ **Post date:** [May 22, 2024, 12:42pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/4 "2024-05-22T12:42:20Z")
Good proposal, i Hope to see more people on Wagmi wagon in the future 😄 ---
**Author:** ![0xWagmi](https://avatars.discourse-cdn.com/v4/letter/0/9de0a6/32.png) [@0xWagmi](https://forum.wagmi.com/u/0xWagmi)\ **Post date:** [May 22, 2024, 1:03pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/5 "2024-05-22T13:03:42Z")
100%, let’s go Wagmiers! ---
**Author:** ![user1](https://avatars.discourse-cdn.com/v4/letter/u/5daacb/32.png) [@user1](https://forum.wagmi.com/u/user1)\ **Post date:** [May 22, 2024, 1:19pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/6 "2024-05-22T13:19:39Z")
> [@anita](#): > > I get your point, but given the fact there are less sWagmi stakers ( 587) than there is Wagmi (2291) holders, each staker will recieve 4x larger allocation than a Wagmi token holder. Than just add sWagmi holders to Wagmi airdrop, because sWagmi stakers hold wagmi too. ---
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 22, 2024, 1:21pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/7 "2024-05-22T13:21:13Z")
By doing that you would reduce allocation for sWagmi holders, and increase it for Wagmi holders. ---
**Author:** ![user1](https://avatars.discourse-cdn.com/v4/letter/u/5daacb/32.png) [@user1](https://forum.wagmi.com/u/user1)\ **Post date:** [May 22, 2024, 1:23pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/8 "2024-05-22T13:23:07Z")
My proposal is: 20% to sWagmi stakers + 20% to sWagmi & Wagmi, so sWagmi will be rewarded \> 20% but \< 30%! ---
**Author:** ![MikeG](https://avatars.discourse-cdn.com/v4/letter/m/3ec8ea/32.png) [@MikeG](https://forum.wagmi.com/u/MikeG)\ **Post date:** [May 22, 2024, 1:37pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/9 "2024-05-22T13:37:33Z")
As Kava Labs are a major supplier of liquidity will they be getting a proportional share of the airdrop in the GMI users and LP categories massively reducing the share for other GMI users and LP providers ---
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 22, 2024, 1:51pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/10 "2024-05-22T13:51:28Z")
How? Each wallet get’s the same allocation, no matter the amount provided in GMI or LP approved. ---
**Author:** ![MikeG](https://avatars.discourse-cdn.com/v4/letter/m/3ec8ea/32.png) [@MikeG](https://forum.wagmi.com/u/MikeG)\ **Post date:** [May 22, 2024, 1:52pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/11 "2024-05-22T13:52:08Z")
With only 75 users in the LP pool and 382 GMI Users, there are 5 times as many GMI users but only a 50% large allocation (30% vs 20%) leaving GMI users with less then a third of the average allocation per person as LP providers I would suggest perhaps GMI users should get a 35% allocation and LP providers 15%, this still leaves the ‘average’ LP provider with twice the amount an ‘average’ GMI user is given ---
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 22, 2024, 1:53pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/12 "2024-05-22T13:53:56Z")
Approving LP for leverage was available to everyone and plays a very important role in our protocol as a source of fees, so we wanted to reward the users that approved their LP’s as well as incentivize others to approve their LP’s. ---
**Author:** ![MikeG](https://avatars.discourse-cdn.com/v4/letter/m/3ec8ea/32.png) [@MikeG](https://forum.wagmi.com/u/MikeG)\ **Post date:** [May 22, 2024, 1:54pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/13 "2024-05-22T13:54:02Z")
I assumed it would be proportional to the amount of GMI and LP not a straight even split So someone with $1 worth of GMI would get the same as someone with $20,000 worth of GMI ---
**Author:** ![MikeG](https://avatars.discourse-cdn.com/v4/letter/m/3ec8ea/32.png) [@MikeG](https://forum.wagmi.com/u/MikeG)\ **Post date:** [May 22, 2024, 2:07pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/14 "2024-05-22T14:07:48Z")
Ok, I understand the reason for rewarding LP’s but still feels out of proportion to GMI users For every 1 airdrop token to those in the GMI list, someone on the LP list gets 3.4, I feel that 2.5x as much is a fairer allocation but that just my p personal opinion ---
**Author:** ![Knjaz](https://avatars.discourse-cdn.com/v4/letter/k/13edae/32.png) [@Knjaz](https://forum.wagmi.com/u/Knjaz)\ **Post date:** [May 22, 2024, 2:09pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/15 "2024-05-22T14:09:19Z")
But wouldn’t it be proportional? It will be the same for everyone, both those who have 1000 sWagmi and those who have 100,000 ---
**Author:** ![MikeG](https://avatars.discourse-cdn.com/v4/letter/m/3ec8ea/32.png) [@MikeG](https://forum.wagmi.com/u/MikeG)\ **Post date:** [May 22, 2024, 2:48pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/16 "2024-05-22T14:48:06Z")
The different pools get a different amount If for example there were 1m tokens to airdrop (Made up numbers for example, actual will be different) then the proposed split would be: Wagmi holders - 2291 wallets get 79 token each sWagmi holders - 587 wallets get 341 token each GMI Users - 382 wallets get 785 tokens each Leverage LP Approvers - 75 wallets get 2667 each ---
**Author:** ![archtuxfan](https://avatars.discourse-cdn.com/v4/letter/a/258eb7/32.png) [@archtuxfan](https://forum.wagmi.com/u/archtuxfan)\ **Post date:** [May 22, 2024, 6:42pm UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/17 "2024-05-22T18:42:40Z")
yes but there have been loyal folks staking when there was not even revenue share. There are some diehard holders from ice days 4x seems low for those! ---
**Author:** ![NxtGenCowboy](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/nxtgencowboy/32/16_2.png) [@NxtGenCowboy](https://forum.wagmi.com/u/NxtGenCowboy)\ **Post date:** [May 24, 2024, 5:04am UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/18 "2024-05-24T05:04:13Z")
This is true. I agree. ---
**Author:** ![anita](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.wagmi.com/anita/32/47_2.png) [@anita](https://forum.wagmi.com/u/anita)\ **Post date:** [May 26, 2024, 9:18am UTC](https://forum.wagmi.com/t/rfc-6-layerzero-airdrop-distribution-proposal/230/19 "2024-05-26T09:18:45Z")