LayerZero Labs introduced a self-reporting mechanism to battle Sybil’s activity, May 17 is decided as an end date for reporting.
In the hope of controlling the side effects of excessive Sybil activity, LayerZero Labs introduced a new approach to self-reporting. Individuals reporting before May 17 will be offered 15% of the intended allocation.
LayerZero Labs, the developer of the cross-chain communication platform motives to distribute tokens to durable users.
LayerZero Labs Unveiled Self-Reporting Mechanism
LayerZero Labs is addressing the issue of Sybil attacks by presenting a self-reporting mechanism.
The company is encouraging users involved in such activities to come forward within a two-week window, promising them 15% of the tokens they would have otherwise received, with no further inquiry.
On May 3, LayerZero Labs took on X account to unveil the new reporting mechanism.
We believe it is in the protocol’s best interest to distribute tokens to durable users — no
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