LayerZero Introduces a Self-Reporting Mechanism to Tackle Sybil Activity

LayerZero Introduces a Self-Reporting Mechanism to Tackle Sybil Activity

Reported by Cointelegraph, LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period.

LayerZero stated in a May 3 post on X that it believes it’s important for its protocol to distribute tokens to genuine, committed network users rather than individuals who engage in sybil farming.

Sybil farming refers to the practice of creating multiple fake accounts to unfairly acquire tokens or rewards. The developers want to ensure that their token distribution benefits those who contribute positively to the network’s growth and sustainability rather than those who exploit it through deceptive tactics like sybil farming.

In the hopes of curbing the negative effects of sybil activity, LayerZero Labs is also providing an incentive for users engaged in such activity to come forward and admit it voluntarily. The incentive is that these users can self-report within a specified period and receive 15% of the tokens they were originally allocated without facing further questions or penalties.

“We are giving all sybil users an opportunity to self-report within the next 14 days in return for 15% of their intended allocation, no questions asked.”

The self-reporting process requires connecting a wallet associated with sybil activity and signing a message to confirm ownership.

LayerZero Labs will enforce consequences for those who don’t self-report by May 17. The first phase involves publicly identifying sybil users who don’t come forward voluntarily, and the second phase allows community members to report suspected sybil activity.

The proposal comes on the heels of the first snapshot taken on May 1 related to a potential airdrop distribution to community members. This snapshot marks the deadline for eligibility in the upcoming token airdrop, as confirmed by the team in a graphic shared on X.

Source

Airdrop

In This Article

Related News
Linea filters over half a million Sybil addresses from upcoming token airdrop Linea filters over half a million Sybil addresses from upcoming token airdrop
Filecoin's largest protocol Glif set to airdrop 100 million tokens Filecoin's largest protocol Glif set to airdrop 100 million tokens
ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’ ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
Layer 2 network Blast to roll out its token airdrop next week Layer 2 network Blast to roll out its token airdrop next week
Pantera-Backed Ethereum re-staking rollup Omni Announced Airdrop Plan Pantera-Backed Ethereum re-staking rollup Omni Announced Airdrop Plan
Latest News More More
2 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
2 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
3 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
3 Days Ago Binance Records $3.97B Weekly Inflows
3 Days Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open