During my time at Common we supported LayerZero’s Sybil Bounty Program and RFP Program empowering developers to determine token distribution leading up to their TGE. The Sybil Bounty Program empowered community bounty hunters to identify potential malicious actors to prevent them from receiving an airdrop. Meanwhile, the RFP Program enabled developers to retroactively reward their own users while receiving allocation of their own.
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LayerZero sought to combat the high levels of sybil attacks in the industry in preparation for their airdrop. They decided to involve the community in identifying these malicious actors and to determine TGE distribution. This required a secure platform to gather community feedback, ideas, and sybil reports.
By leveraging the Common platform, we launched several initiatives to ensure the integrity of their TGE and foster constructive collaboration. We helped with the design of how these initiatives would work on Common, supported with implementation, and aided in the execution of these programs. The two programs to identify sybil clusters and empower developers to determine TGE distribution were as follows:
To combat Sybil attackers, LayerZero launched a Sybil bounty program on Common with unique bonding mechanics:
- Process: Bounty hunters posted a bond to submit reports. They were then given an erc1155 that gave them access to submit their report on Common. Valid reports earned refunds, while fraudulent ones forfeited their bonds. This mechanism discouraged malicious reports, enhanced platform security, and served as a spam prevention mechanism to make for a more efficient report evaluation process.The program also incentivized self-reporting by Sybil attackers. Sybil attackers that self reported received a percentage of their allocated airdrop.
Key Results:
- 3,000+ bounty reports submitted
- 30,000+ appeals processed, demonstrating high engagement
- 1.3 million Sybil clusters identified and prevented from market manipulation
LayerZero’s RFP initiative empowered the ecosystem’s developers to determine how their users were rewarded based on their actions before a set time. This program also gave developers a token allocation to use however they wish. Using Common’s gating functionality:
- Only selected projects could submit a RFP Submission proposal
- NFTs gated each topic, reducing spam and streamlining reviews for the LayerZero team
The Common forum also served as a space for the LayerZero team to provide feedback to RFP Submission proposals.This program was the largest RFP initiative in history with:
- 3,832 Threads created on Common
- 9,878 Members engaged on Common