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LayerZero Sybil Detection Report Is Being Conducted With Chaos Labs And Nansen

Key Points:

LayerZero Labs collaborates with Chaos Labs and Nansen to conduct a LayerZero sybil detection report for the upcoming airdrop.
Users can now cancel sybil reports on LayerZero’s website until May 18, enhancing transparency.
The ZRO airdrop distribution checker is launched, aligning with previous promises and efforts to exclude sybil farmers.

LayerZero, the renowned cross-chain interoperability protocol, is taking a firm stance against sybil farming activities ahead of its impending airdrop.

LayerZero Sybil Detection Report Conducted To Fight Sybil Farming Ahead of Airdrop

Collaborating with Chaos Labs and Nansen, LayerZero Labs is compiling a LayerZero sybil detection report to ensure the integrity of its distribution process. This report will scrutinize the total weighted transactions of users across all LayerZero applications, aligning TGEs, developers, and long-term users. Scheduled for release after the sybil self-report deadline, the LayerZero sybil detection report aims to maintain fairness and transparency.

In response to user requests, LayerZero has introduced a new feature on its website allowing users to cancel sybil reports until May 18, 12:00 PT. Sybil farming involves the creation of multiple wallets by a single user to inflate network activity, potentially affecting airdrop allocations.

ZRO Airdrop Distribution Checker Launched

LayerZero announced the launch of a distribution checker for the upcoming ZRO airdrop. The project executed its first snapshot last week, signaling the imminent distribution of tokens to early adopters within the next eight weeks, as promised in December.

LayerZero Labs had previously disclosed plans for an internal investigation targeting sybil farmers to exclude them from future token generation events. As part of this effort, a reward program will be initiated, offering bounty hunters 10% of the intended token allocation of identified sybil users.

With these proactive measures, LayerZero underscores its commitment to fostering a fair and inclusive ecosystem while safeguarding against fraudulent practices.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.