85% of addresses may be ineligible for airdrop

Main Points:

  • LayerZero Labs hinted at disqualifying airdrop hunters who farmed ZRO tokens for two years.
  • CEO Bryan Pellegrino mentioned that less than 15% of wallets interacting with the protocol would qualify for the upcoming airdrop.
  • LayerZero’s plan to tackle the Sybil problem involved a “report-to-earn” scheme and collaboration with industry partners.
  • The initiative received mixed reactions from the community with some supporting the idea and others expressing concerns.

LayerZero Labs’ Strategy Against Sybil Users

LayerZero Labs addressed the issue of Sybil users who create multiple addresses to exploit airdrop rewards. CEO Bryan Pellegrino unveiled a “report-to-earn” scheme where Sybils can self-report and retain 15% of the allocation or risk receiving nothing if identified by others. This strategy aims to curb the influence of Sybil participants in airdrop distributions.

Community Reaction to LayerZero’s Plan

The community’s response to LayerZero’s initiative has been mixed. While some users appreciate the effort to prevent Sybil farming and maintain fairness in airdrops, others are concerned that the process may invalidate their efforts of over two years. The platform also incentivizes users to report Sybil farmers, introducing a dynamic element to the detection process.

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