Do you still need to donate to receive the airdrop? Maybe we really blame LayerZero wrong

From the announcement of LayerZero’s airdrop snapshot in early May to the witch purge, for nearly 2 months, LayerZero has always been in the spotlight, facing doubts, controversies and disputes. After going through all this, the community thought they could finally receive airdrops with peace of mind. Unexpectedly, LayerZero has developed a new Claim mechanism of "Donation Proof". To receive ZRO, users must donate US$0.1 for each ZRO.

Some people think that this is another attempt by LayerZero to make things difficult for the community, but is it really so? The donation proof mechanism introduced by LayerZero may be a positive improvement to the current airdrop model.

What’s wrong with airdrop mode?

There is no doubt that Uniswap has truly opened the airdrop era. The project returns part of the value to the community and users through airdrops, which is also an important business model developed by Web3 in recent years. Develop from real community and user support, and then feed back the development results to the community and users. This kind of positive benefit feedback is actually conducive to the development of the encryption industry and attracts new people to join this thriving market.

Airdrop distribution of tokens was initially a win-win initiative for projects and users, but now more and more conflicts have evolved. What is wrong with the current airdrop model?

The hustle and bustle in the world is all for the benefit of others. The one-way reward airdrop model is only suitable for the early stages of ecological development. As the ecosystem influxes into a large number of projects and users, this airdrop model is unable to complete a virtuous ecological cycle.

After four years of development, the airdrop model of one-way rewards has already been thoroughly studied by players. Driven by greed and profit, a large number of bad currency projects have been born in the market, using mission mode PUA users and greedy large witch legions to increase the project's volume and achieve the launch of large-scale trading platforms. These bad coins not only make a small contribution to the development of the industry, but are even gradually driving out the good coins in the market, that is, those projects and real users that truly innovate and contribute to the development of the industry.

The originally win-win airdrop model has now turned into a game between several parties. A track or project that does not have a large scale or even false demand can use complex airdrop mission models to attract traffic, increase user growth and data to deceive investors; a group of big witches will also go crazy on the track in order to gain profits. Core projects contribute data to compete for and dilute the dividends that the project originally planned to distribute to real community users.

If this kind of game continues, the result will be a lose-lose situation for both parties. Low-quality projects use airdrops to attract large amounts of funds and users, making a lot of money but not giving the community the feedback they deserve, while high-quality projects either lose attention or spend a lot of energy to join the game. The addition of 100- and 1000-number witches will compete for and dilute the airdrop share that belongs to real users with only one or a few numbers. In order to protect the rights and interests of real users, project parties must eliminate witches, but real users may be accidentally harmed in this process - even if the original intention is just and reasonable; some project parties are more extreme and would rather kill a thousand people by mistake. If you let one go, the community will be furious and even conspiracy theories will appear. Some project developers are cautious and want to take care of everyone, but in the end there is a high probability that they will be deceived by witches.

A good business model should try to avoid the phenomenon of bad coins driving out good coins and form a virtuous cycle. Obviously, the current airdrop model cannot do this.

LayerZero launches new airdrop model

Faced with the shortcomings of the current airdrop model, LayerZero wants to try to make changes. It wrote in its blog: "Free token airdrops will not affect the development of the project in the long run. Advantageously, the distribution of ZRO is not an airdrop. ”

LayerZero has launched a new Claim mechanism called Proof-of-Donation. To claim ZRO, users must donate $0.1 USDC, USDT, or native ETH for each ZRO. This small donation is donated directly to the Protocol Guild, a non-profit group composed of Ethereum core researchers and developers. This airspace The new mechanism of investment is actually expected to create a new ecological model.

From the perspective of ecological cycle, in the past, in the one-way airdrop model, the completion of the airdrop represented the end, without any contribution to the entire ecology, but now it has become the beginning of other projects. The community supports project development - project growth is airdropped to give back to the community - the community will airdrop part of the value and donate to support ecological development - high-quality projects receive funding to develop. The results of this model will make the entire industry function well.

From the user's perspective, donating and receiving airdrops can also effectively curb the development of witches and increase their costs. This protects real users to a certain extent and avoids excessive competition or dilution of the airdrop value belonging to real users. At the same time, even if witches cannot be contained, they can be encouraged to contribute to the development of the entire ecosystem to a certain extent.

From the perspective of other projects, in addition to helping the development of high-quality projects that actually need funds, the launch of this model has also found new ways to attract traffic for other projects. For example, WOO

But although the ideal is beautiful, LayerZero is indeed not adequate in terms of specific implementation, such as funded projects that have been selected with community participation. However, these may all be solved and matured in the future. A real user of the ecosystem will not refuse to do this, even if it is just a small donation. Only witches will strongly object because it is a cost to them.

How do all parties view LayerZero’s behavior

For the judgment of a thing, due to different positions, “good” is always relatively subjective, but “profit” is objective and real. How do all parties in the market view LayerZero’s behavior? Woolen cloth?

Developers are generally positive about LayerZero’s behavior. Berachain Lianchuang Smokey posted that the current airdrop model is inappropriate and rewards users, but real users should be rewarded more; Pudgy Penguins security manager Beau posted that LayerZero makes everyone aware of something bigger than profit. If you don’t want to Pay the donation and don't claim. Of course, some developers have expressed doubts. For example, Yearn core developer banteg posted that LayerZero’s mandatory donation is like a glorified ICO.

From a user perspective, LayerZero’s behavior has mixed reviews. However, judging from the chain, there are still many users who support LayerZero’s behavior. According to LayerZero CEO Bryan Pellegrino’s post on the It also shows that users’ enthusiasm for receiving has not diminished much because of the need to donate.

Summary

Bryan Pellegrino once said that the purpose of a donation certificate is to make the community stop thinking for 2 seconds and donate to an amazing cause, even if each donation is only a few cents, everyone can benefit greatly from it.

Of course, no matter what standpoint you say, Bryan Pellegrino supports users in donating to the ecosystem from the standpoint of the project side, but from the standpoint of users and the market, everyone may not necessarily pay.

A good project should be inclusive of all users, whether it is witches or real users, as long as the number of witch addresses and real users is well balanced, everyone can accept it. As a masturbator with multiple accounts, the author has always maintained an attitude of "be grateful if you have it, and be relieved if you don't have it" towards airdrops. Although I am a sucker for LayerZero’s bold attempt, this time I choose to stand with LayerZero.

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