Boreikos 👽
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Introducing the Open Gas Initiative - a way for protocols to subsidize gas for users, zero-code, for a seamless, frictionless onchain experience. With OG cohort: @eigencloud, @ether_fi, @pendle_fi, @Velvet_Capital. 👇
Hey @PrimordialAA ! Thank you for making the entire 🪂 preparation process transparent and for gathering feedback from the community. We really appreciate it and are grateful to you. I'd like to propose a couple of suggestions regarding the criteria and the airdrop itself ->
Ok let's talk some numbers. 23.8% of the supply is going directly to the community and builders. This does not include foundation, growth, etc. Directly to community. 8.5% of this is being distributed day 1 (5% core, 3% RFP, 0.5% community pool) The majority of the remainder will be given over the next 36 months with additional retroactive distribution every 12 months, along with some forward looking RFPs for builders. What does distribution actually look like on day 1? We've been running a bunch of distro sims and given we haven't finalized the final sybil #s or the final RFP #s it's a bit hard to say exactly but a general shape is emerging. These are before ANY sybil removal and ignoring any RFPs. I've toned down the number distributed in this to 7.5% to account for non-overlapping RFP/etc., so you can imagine this would be distro shape if it was strictly 7.5% for LZ Core. 6M starting addresses, 3M having only sent between 1-5 tx so assume those are mostly gone. 3M addresses remaining. Let's take an assumption of 0 sybil filtering and of 1M eligible addresses filtered (should have more exact #s on this later today) 25 min, model 1 Total entries: 847,332 (28.2% eligibility with 0 sybil filtering / 42.36% with 1M sybil filtered) Entries with 25-100 tokens: 718,227 (Sum: 31,584,258.69) Entries with > 100 - 1000 tokens: 124,103 (Sum: 29,308,527.08) Entries with > 1000 - 10000 tokens: 4,813 (Sum: 9,275,407.31) Entries with > 10000 tokens: 189 (Sum: 4,831,806.92) 50 min, model 1 Total entries: 440,149 (14.67% eligibility with 0 sybil filtering, 22.00% with 1M sybil filtered) Entries with 50-100 tokens: 274,359 (Sum: 18,625,838.81) Entries with > 100 - 1000 tokens: 158,695 (Sum: 37,329,913.21) Entries with > 1000 - 10000 tokens: 6,861 (Sum: 13,069,599.75) Entries with > 10000 tokens: 234 (Sum: 5,974,648.23) 25 min, model 2 Total entries: 823,376 (27.44% eligibility with 0 sybil filtering, 41.16% with 1M sybil filtered) Entries with 25-100 tokens: 694,774 (Sum: 30,491,067.23) Entries with > 100 - 1000 tokens: 122,448 (Sum: 29,352,999.82) Entries with > 1000 - 10000 tokens: 5,997 (Sum: 11,420,971.35) Entries with > 10000 tokens: 157 (Sum: 3,734,961.60) 50 min, model 2 Total entries: 424,462 (14.14% eligibility with 0 sybil filtering, 21.22% with 1M sybil filtered) Entries with 50-100 tokens: 261,903 (Sum: 17,773,131.19) Entries with > 100 - 1000 tokens: 154,205 (Sum: 36,763,465.73) Entries with > 1000 - 10000 tokens: 8,161 (Sum: 15,811,837.36) Entries with > 10000 tokens: 193 (Sum: 4,651,565.71) 14 - 42% eligibility roughly, min on core spread between 25 and 50 min, Numbers will continue to get more dialed in as final RFPs are cleaned up and sybil reports are finalized. Would love to hear some thoughts
