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LayerZero Labs recently revealed some important information that may impact the eligibility of airdrop hunters who have been farming ZRO tokens for the past two years.
According to LayerZero CEO Bryan Pellegrino, less than 15% of wallets that have interacted with the protocol will qualify for the upcoming airdrop scheduled for the first half of this year. This news was shared in a private Telegram message where Pellegrino expressed doubts about the validity of most addresses. He noted that out of a possible six million addresses, only three million had made a single transaction, indicating potential issues with the eligibility of the remaining addresses.
The team at LayerZero Labs also addressed the issue of Sybil users, who create multiple addresses to exploit airdrops and gain more rewards. To combat this, LayerZero introduced a “report-to-earn” scheme, where Sybil users can self-report and retain 15% of the allocation or risk receiving nothing if caught by other users. Additionally, the platform is offering rewards to users who successfully identify and report Sybil farmers.
While some community members have welcomed this initiative as a way to deter Sybil hunters, others have raised concerns that the process may nullify the efforts of those who have been farming for the past two years.
LayerZero Labs is working with industry partners to conduct a sybil detection report to address these issues and ensure a fair distribution of airdropped tokens. Stay tuned for more updates on this developing story.
