LayerZero Airdrop is causing confusion for Polymarket bettors.

LayerZero Labs’ charitable intentions caused a headache for the Polymarket community on Thursday. Bettors debated whether the blockchain infrastructure provider actually airdropped the tokens.

attache half a year In response to expectations, LayerZero Labs has unveiled a distribution process for 85 million ZRO tokens based on a new mechanism called “Proof of Donation.” Eligible claimants must donate $0.10 per ZRO to the Protocol Guild, a non-profit organization comprised of Ethereum’s core researchers and developers, LayerZero said. blog post.

As a result, the blockchain-based prediction site Polymarket produced huge odds. $680,000 Bet Whether the LayerZero “airdrop” will occur by June 30th.

Traders thought there was a nearly 100% chance that LayerZero’s airdrop would have occurred on Wednesday. However, just before the final result of “yes” was suggested, the betting odds plummeted to 54%, which Polymarket users have since disputed.

LayerZero argued that airdrops, as they are commonly known, do not help “build community” or “protocol health.” In most cases, airdrops involve distributing tokens for free to project users to generate buzz that may help the project grow or provide an incentive for activity.

“As LayerZero approached (the token creation event), the term ‘airdrop’ was not used for certain reasons (…). This is not an airdrop,” LayerZero Labs explained.

These claims are currently being evaluated through UMA, a Polymarket partner and DeFi protocol that uses tokens to resolve disputes. UMA’s token holders are tasked with voting on which outcome is actually true, and UMA describes this process as follows:Decentralized Truth Machine.”

However, some Polymarket users are concerned that the process could be manipulated. One user “STOP THE STEAL” bet about $1,000 on “YES” I left a comment. “Scammers are planning to lie to UMA Oracle,” claimed the Polymarket website.

Meanwhile, some Polymarket users have taken issue with LayerZero Labs’ use of crypto labels.

“LayerZero has no say in what is and isn’t an airdrop,” said a user named Trophycase. Advert Within Polymarket’s Discord server. “Can criminals say it’s not murder because ‘Oh, actually, this is something else’?”

Other members of our Discord server pointed This is the definition of airdrops within other Polymarket bets, such as the one that was disputed last year and resolved through UMA.

“Response to Trader Inquiry: Token sale is not an airdrop. To be airdropped, tokens must be distributed to users’ wallets for free or by charging a gas fee.” Page decided Ultimately, it turned out that the Lens Protocol airdrop did not occur by a certain date.

However, a so-called ‘bulletin board rules update’ was made. Posted Polymarket said the broader context of LayerZero’s token distribution must be considered. As of this writing, users have about an hour left to file a final dispute.

“The LayerZero token launch is considered an airdrop in the context of what an airdrop is widely understood by both the public and media,” the update read. “LayerZero is adding a donation element to the distribution and has stated that it is not an ‘airdrop’ because of that, but the spirit of the market will depend on whether LayerZero will release the tokens by the resolution date and distribute them widely to network participants. did.”