LayerZero Labs Introduces Self-Reporting Mechanism to Combat Airdrop Farming
LayerZero Labs, the creators of a cross-chain interoperability protocol, have taken a bold step in combating airdrop farming within their network. In a recent announcement, the company introduced a self-reporting mechanism that aims to address the issue of sybil activity, where individuals create multiple fake accounts to claim more digital tokens than they are entitled to.
Users involved in airdrop farming are now being given the opportunity to come clean within the next 14 days. In return, they will receive 15% of their intended token allocation, no questions asked. To self-report, users must connect a wallet associated with the sybil activities and sign a message to confirm ownership.
However, for those who choose not to disclose their activities by the May 17 deadline, LayerZero Labs has outlined a two-phase enforcement strategy. The first phase involves publicly naming the non-compliant users, while the second phase encourages the community to report any suspected airdrop farming.
This initiative underscores LayerZero Labs’ commitment to maintaining a fair and transparent environment in token distribution. It comes on the heels of the completion of the first snapshot for the airdrop of its ZRO token.
Overall, this new approach reflects LayerZero Labs’ dedication to addressing the challenges posed by airdrop farming and ensuring the integrity of their network.
