LayerZero Labs has unveiled a solution to tackle the issue of sybil activity, also known as “airdrop farming.” The company, which developed a cross-chain communication protocol, has introduced a self-reporting mechanism that rewards sybil users who exhibit honesty within a specific 14-day period. These users will receive 15% of their planned token allocation.
In a post on X on May 3, LayerZero emphasized the importance of distributing tokens to genuine network users who contribute positively to its growth and sustainability, rather than those who engage in sybil farming. Sybil farming involves the creation of multiple fake accounts to unfairly acquire tokens or rewards.
To mitigate the negative impact of sybil activity, LayerZero Labs is offering an incentive for users engaged in such activity to come forward voluntarily and admit their actions. By self-reporting within the designated period, these users will receive 15% of their original token allocation without facing further consequences.
The self-reporting process requires users to connect a wallet associated with sybil activity and sign a message to confirm ownership. Failure to self-report by May 17 will result in consequences imposed by LayerZero Labs. The first phase involves publicly identifying sybil users who do not come forward voluntarily, while the second phase allows community members to report suspected sybil activity.
This proposal follows the first snapshot taken on May 1, which relates to a potential airdrop distribution to community members. The snapshot serves as the eligibility deadline for the upcoming token airdrop, as confirmed by the LayerZero Labs team in a graphic shared on X. Airdrops are commonly used by decentralized finance (DeFi) protocols to incentivize early users with newly issued cryptocurrencies.
Although LayerZero Labs did not provide specific details about the airdrop, previous indications suggested that they were preparing for a token launch in early 2024, according to a December 7, 2023, X post. LayerZero’s ZRO was the first Hyperliquid-only perp to launch on the HyperLiquid perpetual futures decentralized exchange in September 2023.
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