LayerZero Sybil Bounty Reopened On May 28 With Deposit Requirement For Report
Key Points:
Effective immediately, all LayerZero Sybil Bounty hunters must deposit 0.5 ETH from their reward address to a specified account to be considered eligible for submitting reports. The deposit will be refunded after the Token Generation Event (TGE) if the report is considered honest and successful. However, failure to adhere to submission guidelines, including any form of fraud or plagiarism, will result in forfeiture of the deposit.
The deposit process opens on May 25th at 2:00 UTC, with submission reopening on May 28th at 00:00 UTC for a 48-hour window on Commonwealth. Submissions close on May 30th at 00:00 UTC.
Priority will be given to LayerZero Sybil Bounty reports submitted on GitHub and bound addresses, with new reports evaluated on a “first-come, first-serve basis.” Successful reporters stand to receive a 10% bonus at TGE.
LayerZero Labs is taking proactive steps to combat Sybil activity, a practice where users manipulate multiple wallets to exploit airdrop rewards unfairly. Following the latest phase of LayerZero’s airdrop, which targets Sybils who failed to self-report, CEO Bryan Pellegrino revealed the receipt of over 3,000 bounty reports and 30,000 appeals. Additionally, some users resorted to reporting accusers’ accounts on GitHub to eliminate competition.
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