LayerZero Labs CEO announces pause of Sybil ‘bounty-hunter’ process after influx of reports | Headlines | News | CoinMarketCap
05/20/2024 03:50
LayerZero Labs, the company behind the blockchain interoperability protocol LayerZero, is aiming to establish a gold standard of fairness and …
LayerZero Labs, the company behind the blockchain interoperability protocol LayerZero, is aiming to establish a gold standard of fairness and smoothness with its first airdrop by attempting to limit so-called Sybil activity, where users control multiple wallets in an attempt to unfairly cash in on airdrop rewards.
However, while the eventual fairness of the airdrop remains to be seen, the chaotic launch has been anything but smooth—just ask the protocol's CEO.
"...Waking up to a warzone :D. We always knew this was going to be PvP [player versus player] but this is something else," wrote LayerZero Labs CEO Bryan Pellegrino in a post on X.
Just hours following the latest stage of LayerZero's airdrop, in which users hunted for Sybils who did not self-report in exchange for a …