Bryan Pellegrino, co-founder and CEO of LayerZero Labs, said that up to 100,000 addresses on
LayerZero Labs, known as a key contributor to the LayerZero interoperability protocol, recently implemented a self-reporting mechanism as part of its strategy to address the widespread issue of Sybil attacks, where individuals create multiple accounts to unfairly influence token airdrops.
The team promised participants 15% of the planned future token allocation without any questions asked. Another option was to prevent that user from receiving assignments. The response was significant, with 100,000 addresses reported.
Pellegrino noted the importance of the data collected, saying it will be invaluable in identifying other participants using similar methods and software in these activities.
“My hunch is that a verified dataset of 100,000+ would be very powerful for finding other users using the same software or similar methodologies. “I’m really excited to see what the results will be.” Pellegrino said.
LayerZero allows users to move assets and data between different chains. The first snapshot related to potential airdrop distribution to community members was completed on May 1st.
The snapshot, the final point of the transaction that determines airdrop eligibility, showed that 6 million unique wallet addresses interacted with LayerZero. However, to curb the problem of Sybil activity, LayerZero Labs offered an incentive to Sybil users, asking them to self-report within the next two weeks.
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