barevv || layerzero friendly
587 posts
Why is it so hard to get a distribution perfect and what makes @LayerZero_Labs's case so difficult. First is just expectation vs reality. The size of that divide will always directly correlate to the amount of angst in a distribution. The number of people who have said to me. I did 50 transactions, how could I possibly only qualify for 60 ZRO? Reality: 50 transactions is 0.0000375% of overall transactions on LZ. If it was DIRECTLY tied to # of tx and it was a full 15% of overall supply being distributed you would only be eligible for 56.25 ZRO The number of users who did > 50 tx: 957,640 The number who did > 100 tx: 227,410 The number who interacted with 15+ chains: 1,075,590 Think about that, if you did 50 transactions AND hit 15+ chains and we distributed to 1M addresses you would be in the bottom 5% of addresses. Now on top of this you layer in the protocol RFP, 225 protocol submissions which I believe is even more than Arbitrum STIP! A huge amount of developers and protocol built on top of LayerZero. Ultimately devs are the core user of LZ, everyone else is using one of their apps not using LayerZero directly. Every one of these protocols is massively different. What @StargateFinance wants to distribute for is completely different than what @Angle_Finance, @MIM_Spell, @TraderJoe_xyz and @PancakeSwap may want to, which is massively different than what @gh0stlygh0sts @KanpaiPandas @pudgypenguins and @tinydinos_eth may want to. Controlling for this factor is incredibly hard. Do it by $ transferred? All NFTs or anything based on state/data/etc. get completely excluded. Vice versa? The other group is completely excluded. The only normalizing factor here is protocol fees, if everything is an agnostic packet to LayerZero than it should treat it as that. There is a reason sending $5 via an OFT does not cost any more than sending $500,000,000 on LZ if you're interacting directly. The protocol doesn't care what it is, a message is a message. Expand this to 70+ chains and almost 2.5 years of transactions... not easy! Will write up more on this when we have a full day to sit down and do it properly. Back to prepping for tomorrow!
