Pydono

@LayerZero_Fndn Maybe some people are seeing that their vote will not make a difference and decide that there is no use voting this round. Opting to save the time and the 50 cent fee. If we were closer to reaching the quorum then maybe more people would participate and encourage others to join.

🗳️ The fee switch referendum has concluded. Since quorum was not met, the LayerZero protocol fee will remain off. The next fee switch referendum is in six months! Vote details ↓ layerzero.foundation/fee-switch

@LayerZero_Fndn 98% voting Yes is surprising (even higher than last vote). I would think more than 2% of people would be interested in keeping the fees as low as possible. I know some No voters abstained because of the quorum mechanic, but still seems to be very lopsided.

@PrimordialAA @arkham Yeah, a lot of great work was put into it from both the hunters and the team. However, the rushed timeline, unclear requirements and limited resources allocated to validating reports did unfortunately result in a lot of the work done by hunters being wasted or underappreciated.

One thing I never got around to doing from the Sybil hunting/TGE days was thanking all of those involved. First @arkham was amazing throughout -- incredible tooling, super willing to help at every turn and extremely supporting. Could not have come even close to the level of filtering we got through without them. @artemis_onchain @LegionFi @SybilHorror6 for their incredible over the top help during the process, dedicating huge amount of hours, triple checking our and others work, cleaning up final results, so much effort there. They've gone on to help so many other teams after this process which has been awesome to see. If anyone needs referrals I'm an open door @0xtoshi and all of the hunters for some of the best and most detailed reports, they made our lives easy in validating claims and wrote conclusive/non speculative reports @nansen_ai @chaoslabs in all of their hard work in creating their own independent sybil lists from scratch for us to cross-reference and working with us in the many back and forths to refine those lists And of course the @LayerZero_Core team for all of the sleepless nights, IVs in the office, and pure sprint to make sure we got it done and got it done right. Part of me misses the 18 hour days starting at these graphs -- glad it's behind me but man... what a month or two. Thank you all, this acknowledgement should have come sooner but we couldn't have done it without you. Onwards!

@YouHodler Why set a fixed listings price in the whitepaper instead of allowing it to trade at what the market thinks the token is worth? For example right now the token is trading at around $0.016 on Uniswap, so the $0.3 price seems very optimistic and might result in disappointment.

@hasufl 3 is not possible. It is just standard addresses poisoning. They hope you will copy the wrong address from your transfer history when doing your next transfer.

Has anyone seen this new phishing angle? 1) make fake USDC token 2) for every real USDC transfer, send the user the same amount of fake USDC 3) (probably) if they accidentally approve/spend the fake USDC, it drains your wallet So far, it seems obvious but the next part is new: 4) also send thousands of real USDC to other accounts. (I know because I have received some) see e.g. #tokentxns" target="_blank" rel="nofollow noopener">etherscan.io/address/0x9d9a… Any thoughts on this?

@lopp No, there is no minimum fee (even $0 fee is possible). The total fee for a transaction must be an integer, but the sat/vb fee doesn’t have to be. If you for example chose a 1 sat fee (21 cents at that price) for a 500 vb transaction that would correspond to a fee of 0.002 sat/vb.

At that exchange rate the absolute minimum on chain transaction fee would be over $50 and a 100 sat/vb fee would be over $5,000. Another curse of success. x.com/pete_rizzo_/st…

@rudykadoch @PrimordialAA @LayerZero_Core Lower fees means more people will use the product (especially through services like Jumper). This growth benefits token holders. Fee switch can always be enabled later. Many token holders are also users of the protocol and will benefit from fees staying low.

@pydono @PrimordialAA @LayerZero_Core What would be the reasons token holders of a useless token would say no to a fee switch? In what world do you live?

The @LayerZero_Core referendum just finished. Overwhelmingly positive response for the fee switch but quorum was not (even close) to hit Some thoughts - Votable from any chain, 100% on-chain. The referendum itself is amazing - I would *love* to see permanent toggle for users, i.e. if you voted yes previously your current balance of tokens is always yes until you explicitly vote no (on repeating referendums only). Has storage issues though unfortunately, hard to do - A lot of people commenting on the quorum pacing, since this was only ~1/9th of the way to quroum it seems that quroum. I think it would be cool to see quorum pacing adjusted to the previous votes outcome. An example would be since this was 96% - 4% quorum would drop significantly more than a vote that was 50% - 50% dead split. - Delegation is another reasonable way to account for a large % of inactive voters but I still much prefer direct referendum vs delegation structure. Next one in 6 months on 1 year anniversary of TGE. Lots of time for @LayerZero_Fndn to take in feedback and analyze results.

@papalalas @LayerZero_Fndn The vote has not started yet.

@LayerZero_Fndn but how to vote? there no signin option

🗳️ Fee Switch Referendum On Dec 20, 2024, 00:00 UTC, ZRO holders will vote: • “Yes” to activate the LayerZero protocol fee • “No” to keep the protocol fee inactive Voting ends Dec 27, 2024, 00:00 UTC. TL;DR - Only circulating ZRO is eligible to vote. - Quorum is 60%. From there, majority wins. - Vote with your entire ZRO balance from one chain. - Collected protocol fees would be used to buy and burn ZRO. Full Details: medium.com/layerzero-foun…

@CatFace231 @LayerZero_Fndn Users obviously wouldn’t want that, but the idea is that token holders could benefit from it. My view is that keeping fees low is also beneficial to token holders as it makes LayerZero more competitive and will result in higher growth for the entire LZ ecosystem. I will vote No.

@LayerZero_Fndn Why would anyone want higher fees? Serious question.

@LayerZero_Fndn Activation of the protocol fee will make bridging more expensive for users and slow down the growth of LZ. We should stay maximally competitive by waiting another 6 to 18 months before considering this switch, during which time LZ will be primed for an increase in market share.

@danielesesta How about at least fulfilling your promise to the "family", before you launch the 2.0 version which will undoubtedly not end up going much better than the first?

@WrappedBTC I don’t think you guys know what "decentralized" means, because WBTC is definitely not that.

We regret and are surprised by Coinbase’s decision to delist WBTC. As the core team behind Wrapped BTC, we have always been committed to providing the community with the most compliant, transparent, and decentralized BTC tokenization product. Over the years, WBTC has established itself as the most decentralized and transparent wrapped BTC product on the market through innovative mechanisms and rigorous governance. From custody processes to on-chain verifiability and regulatory compliance, WBTC has consistently demonstrated the highest level of professionalism and responsibility. We have maintained active communication and full cooperation with all due diligence processes, including with Coinbase, to ensure that our product meets all compliance standards. WBTC not only provides users with a highly efficient BTC liquidity solution but also seamlessly integrates with numerous DeFi protocols, significantly contributing to the development of the broader ecosystem. We firmly believe that transparency and decentralization are core values of the crypto industry, and WBTC exemplifies these principles. We urge Coinbase to reconsider this decision and continue supporting WBTC trading. If you have any questions or suggestions, please feel free to reach out to us. We are more than willing to provide additional information to address any concerns. WBTC Team November 20, 2024

@PrimordialAA Any news about when hunters can expect the tokens from the latest list of (previously) unreviewed reports to be distributed? Given the long wait we have already been though I had hoped things would move a little quicker now that the review process is finished and the list ready.

Will be speaking at P2P again this year @ devcon, enjoyed last one quite a bit. Application for those attending (Oct 15th deadline) e112bufykck.typeform.com/to/RfTDjX40?ty…

@PrimordialAA @Fegrlikeswinter @LayerZero_Core What about the unreviewed reports that didn’t make the official list of unreviewed reports? And what about the reports that were dismissed, but later shown to have a high overlap with confirmed sybils on FCFS/Nansen list.

@Fegrlikeswinter @LayerZero_Core All of the unreviewed reports have now been reviewed. It's been quite the process. Information coming soon

Even the memecoins know to choose @LayerZero_Core (3/5 pictured now). Built with LayerZero 💪

@LayerZero_Fndn @PrimordialAA @10xKelly please have a look.

@LayerZero_Fndn My unreviewed report is not on the list. @PrimordialAA promised he would review it, but never got that far: x.com/primordialaa/s…

Final bounty hunter attributions as well as remaining unreviewed reporter addresses can be viewed here: commonwealth.im/layerzero/disc… Distributions have been processed.

@LayerZero_Fndn @PrimordialAA @PrimordialAA Have you seen this yet?

@PrimordialAA @0xfillin @LayerZero_Labs @LayerZero_Fndn I hope you will not forget the hunters who are still waiting for a resolution.

@0xfillin @LayerZero_Labs @LayerZero_Fndn Congratulations and thanks for all of the hard work from all hunters

🚀Lifchange by @LayerZero_Labs @LayerZero_Fndn 📍Finally got my reward, which takes up almost 70% of my entire portfolio 📍I'm holding until $10-15 or $0 Thanks @PrimordialAA for this opportunity

@PrimordialAA @0xfrypan @LayerZero_Fndn Can we get a list of the ~50 unreviewed reports to make sure we are all on the same page and no reports have been missed?

@0xfrypan @LayerZero_Fndn Guys it’s literally one step at a time I’m not sure why that isn’t clear. First it was fcfs, now it’s distribution, then it will be unreviewed reports.

The final list for review of sybil bounty hunter attributions is available on Commonwealth here: commonwealth.im/layerzero/disc… Distribution will occur by 5PM PT on Wednesday July 24th.