LayerZero Labs has announced the conclusion of the proposal submission period for its Protocol RFP, with an impressive 200+ proposals submitted. This milestone marks a significant step forward in the development of the LayerZero ecosystem, as the proposals will now be reviewed and feedback provided directly on Commonwealth.

The next step in the process will be the determination of the partner project address, which must be completed by June 6 at 8:00. The 'Protocol RFP' proposal serves as the first step in the Token Generation Event (TGE) distribution process, allowing each project to establish its own allocation standards relative to its total token allocation.

Eligible projects that have deployed OApp, OFT, or ONFT contracts on the mainnet before Snapshot #1 and declared on LayerZero Scan are invited to submit proposals. This inclusive approach ensures that a diverse range of projects can participate in the process, fostering a vibrant and dynamic ecosystem.

In conclusion, the conclusion of the proposal submission period for the Protocol RFP marks a significant milestone in the development of the LayerZero ecosystem. The review and feedback process will provide valuable insights for the projects, ultimately contributing to the growth and success of the ecosystem.