LayerZero CEO: 3 million wallets have fewer than 5 transactions, and the weight of less than $1 and worthless NFT transactions is reduced by 80%
Bryan Pellegrino, co-founder and CEO of LayerZero, tweeted, Here is our current broad perspective on the eligibility issue. The focus is obviously on real users. A lot of this comes from the witch review results, and any real final definition comes directly from LayerZero Labs and my gibberish. Of these, 3 million of the 6 million initial wallets sent fewer than 5 transactions, so the number of wallets that really need to be considered is 3 million. All transactions under $1 are reduced by 80% in weight, but still calculated at 1/5 of normal transactions.
All worthless NFT transaction weights are reduced by 80%, but are still calculated at 1/5 of normal transactions. Worthless is positioned as less than 0.0001 ETH after listing or less transaction volume. These two items alone can handle most of the web email spam, which has largely disappeared after the snapshot. Things like Gas-Drop are also considered valid transactions. On this basis, transactions are normalized according to the protocol fee (rather than the fees of the underlying blockchain on which the transaction processing is based), the minimum is the eligibility criterion, and so is the maximum/upper limit. And a multiplier based on factors such as early usage. The final implementation eliminates witches and email spam, realizes semi-linear caps, rewards early users, long-term users, and RFP rewards all non-standard protocol interactions (such as LP, etc.), focusing on the fairest and most ideal protocol allocation.