TechFlow News, Abracadabra has proposed SAIP #50, requesting DAO approval for Abracadabra's RFP standard to distribute airdrop rewards to users via LayerZero. LayerZero recently announced a new initiative for token distribution through its RFP program, which allows projects to design their own token allocation models. The allocation plan will reward actions related to LayerZero’s technology products as follows:
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40% to mSPELL and sSPELL holders, rewarding their retroactive usage of LayerZero’s technology products.
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25% to MIM liquidity providers across Arbitrum, Blast, and Ethereum mainnet, over a period of three months.
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15% to the protocol treasury, to cover audit costs and increase reserve income.
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10% to MIM transferors, distributed proportionally based on transfer amounts.
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10% to the development team, as requested by the LayerZero team.
