- Pellegrino mentioned that LayerZero had obtained 30,000 appeals and three,000 bounty studies.
- For “the following day or two” Pellegrino has introduced a pause to the reporting course of.
LayerZero Labs, the agency behind blockchain interoperability protocol LayerZero try to forestall customers from partaking in what is called “Sybil exercise,” through which they use a number of wallets to unfairly declare airdrop rewards, with their first airdrop in an effort to set a precedent for transparency and equity.
Regardless of how truthful the airdrop will probably be in the long run, the protocol’s CEO can attest that the debut was something from seamless because of the chaos.
LayerZero Labs CEO Bryan Pellegrino in a publish on X said:
“…Waking as much as a warzone :D. We at all times knew this was going to be PvP [player versus player] however that is one thing else.”
Momentary Pause
Pellegrino mentioned that LayerZero had obtained 30,000 appeals and three,000 bounty studies within the few hours after the latest stage of their airdrop, when customers chased for Sybils who didn’t self-report in return for a bounty. Additionally, for the reason that studies have been posted on GitHub, some folks went to excessive lengths to erase the accusers’ accounts—and the studies with them—by reporting the accounts.
For “the following day or two” Pellegrino has introduced a pause to the reporting course of in an effort to handle these issues. Pellegrino proposed a 0.02 eth bond (roughly $60 at present costs) as a method to scale back the usage of automated reporting programs; this is able to be one potential answer.
Furthermore, after its most up-to-date fundraising spherical in April 2023, LayerZero was valued at $3 billion, and its newest snapshot revealed that six million wallets had interacted with the protocol. Previous to the bounty hunter stage of the airdrop process, as many as 100,000 addresses have self-reported as Sybils.
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