LayerZero

April

<ul>
 <li>Pellegrino said that LayerZero had received 30,000 appeals and 3,000 bounty reports.</li>
 <li>For “the next day or two” Pellegrino has announced a pause to the reporting process.</li>
</ul>
<a href="https://thenewscrypto.com/layerzero-labs-bridges-projects-to-arbitrum-nova-empowers-gaming-adoption/" rel="noopener noreferrer nofollow">LayerZero</a><a href="https://thenewscrypto.com/layerzero-labs-bridges-projects-to-arbitrum-nova-empowers-gaming-adoption/" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://thenewscrypto.com/layerzero-labs-bridges-projects-to-arbitrum-nova-empowers-gaming-adoption/" rel="noopener noreferrer nofollow">Labs</a>, the firm behind blockchain interoperability protocol LayerZero are attempting to prevent users from engaging in what is known as “Sybil activity,” in which they use multiple wallets to unfairly claim airdrop rewards, with their first airdrop in an effort to set a precedent for transparency and fairness.
No matter how fair the airdrop will be in the end, the protocol’s CEO can attest that the debut was anything from seamless due to the chaos.
LayerZero Labs CEO <a href="https://ca.linkedin.com/in/bryanpellegrino" target="_blank" rel="noopener noreferrer nofollow">Bryan Pellegrino</a> in a post on X stated:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “…Waking up to a warzone :D. We always knew this was going to be PvP [player versus player] but this is something else.”
</blockquote>
<h3 class="wp-block-heading" id="h-temporary-pause">Temporary Pause</h3>
Pellegrino said that LayerZero had received 30,000 appeals and 3,000 bounty reports in the few hours after the most recent stage of their airdrop, when users chased for Sybils who did not self-report in return for a bounty. Also, since the reports were posted on <a href="https://github.com/" target="_blank" rel="noopener noreferrer nofollow">GitHub</a>, some people went to extreme lengths to erase the accusers’ accounts—and the reports with them—by reporting the accounts.
For “the next day or two” Pellegrino has announced a pause to the reporting process in an effort to address these concerns. Pellegrino proposed a 0.02 eth bond (approximately $60 at current prices) as a means to reduce the use of automated reporting systems; this would be one potential solution.
Moreover, after its most recent fundraising round in April 2023, LayerZero was valued at $3 billion, and its latest snapshot revealed that six million wallets had interacted with the protocol. Prior to the bounty hunter stage of the airdrop procedure, as many as 100,000 addresses have self-reported as <a href="https://thenewscrypto.com/layerzero-identifies-over-800k-potential-sybil-addresses/" target="_blank" rel="noopener noreferrer nofollow">Sybils</a>.
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LayerZero Labs Pauses Sybil Bounty Hunter Initiative Amid Challenges

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