LayerZero Labs has successfully concluded the self-reporting phase aimed at tackling sybil activity and airdrop farming operations. The initiative, which ended on May 17th, identified a staggering 803,093 addresses as potential sybil addresses, which will not receive the full token allocation. Instead, these addresses will receive 15% of the expected token allocation, while the remaining 85% will be redistributed to eligible users.

The LayerZero team demonstrated prompt action in addressing the issue, initially identifying over two million addresses as potential sybils. However, they refined their criteria to minimize false identifications, resulting in a more accurate classification. The comprehensive list of addresses, including those reported through whistleblowing and initial reviews by LayerZero, Chaos Labs, and Nansen, has been made public.

The self-reporting mechanism, launched on May 3rd, offered 15% of the planned token allocation to identified sybil users within a 14-day period. LayerZero explained that the initial analysis focused on identifying industrial sybil clusters and excluding large clusters from reward eligibility. As calculations are corrected, addresses may be removed from the sybil list, and the final report should not be considered definitive until published.

Sybil reward hunting commenced on May 18th and will continue until June 1st. Participants must report at least 20 addresses with a clear methodology to qualify for a reward amounting to 10% of Sybil's intended token allocation. All rewards will go to the first eligible reporter of a specific address. The team is perfecting the method, but the initial list will not change during the reward hunt. This initiative aims to prevent sybil farming, where multiple fake accounts are created to unfairly obtain tokens or rewards, and promote fair distribution of tokens in the decentralized finance ecosystem.