LayerZero Sets May 18 Deadline for Sybil Farmers, Offers 15% Allocation Retention

May 6, 2024, 10:22 PM

LayerZero Labs has announced a campaign to identify and exclude sybil farmers from its airdrop, giving them until May 18 to self-report and retain 15% of their intended allocation. The company is collaborating with industry leaders like Chaos Labs and Nansen AI to conduct a sybil detection report, which will consider each user's total transactions across all LayerZero applications. This initiative is part of an effort to align the Token Generation Event (TGE) with genuine user activity, amidst challenges posed by the pseudonymous nature of blockchain where top projects report having 6,000,000-7,000,000 accounts.