Sybil farmers that self-report will nonetheless obtain 15% of their meant airdrop allocation.
The event workforce behind LayerZero Labs, the favored cross-chain interoperability protocol, has vowed to weed out sybil farmers forward of its upcoming airdrop.
On Might 3, LayerZero Labs introduced it is going to conduct an inside investigation meant to determine sybil farmers and exclude them from receiving allocations as a part of its future token era occasion. The venture mentioned it is going to then observe up with a reward program providing 10% of sybil farmers’ meant token allocation as a reward for bounty hunters who determine further sybil customers.
“Nearly 6 million distinctive pockets addresses have interacted with LayerZero since its preliminary launch over two years in the past,” LayerZero Labs mentioned. “We imagine it’s within the protocol’s finest curiosity to distribute tokens to sturdy customers — not sybil farmers,” the workforce added by way of tweet.
Sybil farming refers back to the observe of making a number of wallets managed by a single consumer to generate giant volumes of exercise on a community or protocol in a bid to maximise their airdrop allocation.
In 2022, Optimism disqualified greater than 17,000 wallets suspected of partaking in sybil exercise from its airdrop — equating to six.83% of wallets eligible for the token drop. In September, 21,877 wallets had been accused of comprising a sybil community farming exercise on ZkSync Period, with the wallets discovered to be transacting a closed-source token amongst one another utilizing a personal decentralized change.
LayerZero Labs flagged quite a lot of on-chain exercise as grounds for exclusion from its drop, together with a single entity taking part in “industrial farming” by way of a number of wallets, customers that minted “‘worthless’ NFT[s]” for the only real function of shifting it between networks, customers that repeatedly bridged a minuscule worth of belongings between chains, and customers interacting with well-known sybil farming purposes.
“If you happen to assume you’re a sybil, you’re probably a sybil,” LayerZero Labs mentioned.
Nonetheless, LayerZero Labs mentioned sybil farmers can self-report by means of signed on-chain messaging till Might 18 and nonetheless obtain 15% of their meant airdrop allocation. The venture may even present an API permitting industrial farmers to self-report.
LayerZero Labs additionally famous that airdrop eligibility will probably be topic to “authorized or geographic necessities,” suggesting that sybil farmers working from international locations posing regulatory dangers equivalent to the USA or North Korea might have little to realize from self-reporting.
LayerZero introduced it had taken the first snapshot for its long-awaited airdrop final week. In December, the venture mentioned it will distribute a token to early adopters within the first half of 2024, suggesting the occasion will happen throughout the subsequent eight weeks.
