LayerZero Labs has officially announced the completion of the sybil self-reporting phase of its solution to combat sybil activity, also known as “airdrop farming.” According to LayerZero, addresses that meet the required criteria will receive 15% of their expected token allocation, while the remaining 85% will be redistributed to eligible users. After careful review, a total of 803,093 addresses have been identified as potential sybil addresses and will not receive the full token allocation.
Initially, the team identified over two million addresses as potential sybils, but they later refined their criteria to minimize false identifications, resulting in a more accurate classification. The complete list of addresses, including those self-reported and those identified through initial examinations by LayerZero, Chaos Labs, and Nansen, has been made public.
On May 3, the creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation if they were honest within a 14-day period. In a post, LayerZero clarified that the initial analysis aimed to identify large sybil clusters and the list was created to exclude these clusters from the bounty hunting eligibility. However, the list should not be considered final until the publication of the final report, as addresses may be removed from the sybil list as calculations are refined.
The sybil bounty hunting process began on May 18 at 2:00 pm UTC and will continue until May 31, 11:59 pm UTC. To be eligible for a reward of 10% of the intended token allocation for sybil, participants must report at least 20 addresses with a clear methodology. The reward will go to the first eligible reporter of a given address.
The team is continuously perfecting the method, but the initial list will remain unchanged during the bounty hunt. Bounty hunters can continue their work without concern for the initial list. The final and authoritative list will be shared once the bounty hunt concludes.
Sybil farming refers to the creation of multiple fake accounts to unfairly acquire tokens or rewards. The sybil analysis follows the first snapshot taken on May 1, which was related to a potential airdrop distribution to community members. Airdrops are widely used by decentralized finance protocols to incentivize early users with newly issued cryptocurrencies.
LayerZero’s ZRO was the first Hyperp (Hyperliquid-only perp) to launch on the HyperLiquid perpetual futures decentralized exchange in September 2023.
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