Tensions in DeFi industry exposed by LayerZero’s anti-Sybil strategy
LayerZero has identified 800,000 potential Sybil addresses so far, but the process has antagonized some community members.
LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.
The main concern surrounds LayzerZero’s “anti-Sybil strategy.”
Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times.
LayerZero has identified 800,000 potential Sybil addresses so far, but the process has antagonized some community members.
LayerZero, a cross-chain interoperability protocol, is gearing up for its first token airdrop, but its strategy against token farmers is causing division.The main concern surrounds LayzerZero’s “anti-Sybil strategy.”Sybil activity occurs when a group or individual creates multiple wallets to interact with a protocol in the hopes of qualifying for its airdrop multiple times. Read more