LayerZero Labs Vows to Exclude Sybil Farmers From Upcoming Airdrop
LayerZero Labs, a renowned cross-chain interoperability protocol, has vowed to tackle the issue of sybil farmers ahead of its highly anticipated airdrop.
In a recent announcement , LayerZero Labs stated that it will conduct an internal investigation to identify and exclude sybil farmers from receiving allocations in its future token generation event.
Additionally, the project plans to launch a reward program, offering a 10% bonus of the intended token allocation to bounty hunters who identify additional sybil users.
Sybil farming involves the creation of multiple wallets controlled by a single user, with the aim of generating significant activity on a network or protocol to maximize their airdrop benefits.
LayerZero Labs expressed its intention to distribute tokens to genuine and long-term users rather than sybil farmers, emphasizing the protocol’s best interests.
Since its initial launch over two years ago, LayerZero has witnessed interaction from nearly 6 million unique wallet addresses.
The team believes that sybil farmers should be excluded from the airdrop in order to ensure fair distribution of tokens.
The project made this commitment public via a tweet, highlighting their dedication to combating sybil farming.
Merkly is the second most used LayerZero application by volume behind only Stargate
But if you used it, you’re a sybil!
Great idea @LayerZero_Labs pic.twitter.com/Wd9F4R7c4l
— Blur (@BlurCrypto) May 3, 2024
Instances of sybil farming have been observed in the crypto space before.
In 2022, Optimism disqualified over 17,000 suspected wallets engaged in sybil activity from its airdrop, accounting for 6.83% of eligible wallets.
Similarly, in September, a network named ZkSync Era discovered 21,877
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