LayerZero implements self-reporting to combat airdrop farming
Key Takeaways
- LayerZero Labs has introduced a self-reporting mechanism to combat airdrop farming, giving users a clean 15% of their original token allocation.
- Users participating in airdrop farming must link their wallets and verify ownership by May 17th.
- After the deadline, LayerZero will publicly identify non-compliant users and encourage community reporting of suspected airdrop farming.
LayerZero Labs, an innovator in cross-chain interoperability protocols, recently A new approach to combat airdrop farming in networks.
Announced through X Post on May 3rdThis new approach includes: self-reporting mechanism We recommend that users who engage in such activities: Acknowledge their actions and give them a percentage of their intended token allocation.
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Sybil activity, or airdrop farming, is carried out by individuals. Multiple fake accounts may be asking for more digital tokens than they are entitled to.
A representative from LayerZero said:
We are offering all sybil users the opportunity to self-report within the next 14 days in return for 15% of their intended quota, no questions asked.
Users who wish to self-report must Connect the wallet associated with your Sybil activity and sign messages to verify ownership.
For those who do not disclose these activities: Due May 17th, LayerZero Labs Phase 2 implementation strategy. The first step involves publicly naming non-compliant users, while the second step encourages the community to report suspected airdrop farming.
This announcement comes shortly after LayerZero completed its first snapshot for the ZRO token airdrop.
Overall, this initiative reflects LayerZero Labs’ commitment to maintaining a fair and transparent environment in token distribution.
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