LayerZero Labs combats sybil activity by rewarding honest users. They introduced a self-reporting mechanism offering 15% of the intended token allocation to sybil users who admit within 14 days. Noncompliance will lead to public exposure and community reporting.
LayerZero Labs has unveiled a solution to address sybil activity, often 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.in a May 3 post on X that it believes it’s important for their 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.
“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.”LayerZero Labs will enforce consequences for those who don’t self-report by May 17, 2024. 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.
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LayerZero offers sybil farmers chance to 'self-report' in the name of durabilityDeveloper LayerZero Labs is asking sybil farmers to self-report in exchange for 15% of their intended allocation.
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