LayerZero Labs to Exclude Sybil Farmers from Upcoming Airdrop

LayerZero Labs Airdrop and Sybil Farming

LayerZero Labs, a renowned cross-chain interoperability protocol, is taking a strong stance against sybil farming in preparation for its upcoming airdrop.

Internal Investigation and Exclusion

In a recent announcement, LayerZero Labs revealed its plan to conduct an internal investigation to identify and exclude sybil farmers from receiving allocations in its future token generation event.

Reward Program for Bounty Hunters

Additionally, the project intends to launch a reward program offering a 10% bonus of the intended token allocation to bounty hunters who identify additional sybil users.

Focusing on Genuine Users

LayerZero Labs aims to distribute tokens to genuine and long-term users rather than sybil farmers, prioritizing the protocol’s best interests.

Combatting Sybil Farming

The project believes that excluding sybil farmers from the airdrop is essential for ensuring a fair distribution of tokens. They have publicly committed to combating sybil farming.

Instances of Sybil Farming in the Crypto Space

Instances of sybil farming have been observed in the crypto space before, with notable cases such as Optimism and ZkSync Era taking actions against suspected sybil activity.

Identifying Exclusion Criteria

LayerZero Labs has identified several on-chain activities that may lead to exclusion from the airdrop, including industrial farming, minting valueless NFTs, bridging minuscule asset values between chains, and interacting with known sybil farming applications.

Encouraging Self-Reporting

The project encourages sybil farmers to self-report through signed on-chain messaging until a specified date, offering them a chance to receive a portion of their intended airdrop allocation.

Legal and Geographic Considerations

Airdrop eligibility will be subject to legal or geographic requirements, potentially impacting sybil farmers operating from countries with regulatory risks.

Anticipation for the ZRO Token Launch

Anticipation for the ZRO token launch is high, with early signs of interest on decentralized exchanges indicating a positive market reception.