LayerZero CEO: 3 million wallets have fewer than 5 transactions

This article is machine translated
Show original
Bryan Pellegrino, co-founder and CEO of LayerZero, tweeted that the focus of the qualification review is on real users. After screening out wallets with less than 5 transactions from the 6 million initial wallets through witch review and LayerZero Labs' analysis, the number of wallets to be considered is 3 million. The weight of transactions with a transaction amount of less than $1 is reduced by 80%, and the weight of valueless NFT transactions is also reduced by 80%. Gas-Drop and the like are still considered valid transactions. Transactions are normalized according to the protocol fee, and qualification criteria and caps are set, and adjusted based on factors such as early usage. The goal is to eliminate witches and spam, achieve a semi-linear cap, reward early and long-term users, and reward non-standard protocol interactions (such as LP, etc.) through RFPs to achieve the fairest and most ideal protocol distribution.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments