The number of messages being sent on LayerZero has dropped below 40,000 more recently, pushing the daily message count down to levels not seen since March 2023.
The one we will discuss today is LayerZero, a cross-chain communication protocol. While information on the actual token launch is scarce, the protocol confirmed they had taken their snapshot for the airdrop, which determines which addresses quality, at the very end of May 1, with more information to come.
The strategy involves allowing sybil farmers to self-report and receive 15% of the allocation they would have received. The reporting period would be open for two weeks, and these airdrop farmers would face the risk that if they did not report and were flagged by LayerZero Labs’ internal sybil report, they would get nothing.
After LayerZero cleared out “industrial clusters” of sybil farmers with their analysis, the “bounty-hunter” phase of the sybil strategy began, allowing people to report other addresses as sybil farmers on the network and claim part of their airdrop allocation as a reward. This program had to be paused a day after it went live due to it already attracting 3,000 reports and 30,000 appeals.
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