In an effort to combat excessive Sybil activity, LayerZero Labs has introduced a self-reporting mechanism. Individuals who report before the deadline on May 17 will receive 15% of their intended token allocation.

The company aims to distribute tokens to durable users instead of Sybil farmers. The self-reporting mechanism is designed to encourage honesty among individuals engaged in Sybil activity.

In related news, Io.net CEO Ahmad Shadid discussed a recent Sybil attack on the platform. Measures were taken to expel Sybil attackers from the network and enhance security protocols.

LayerZero Labs is known for its interoperability protocol that connects blockchains and enables developers to create omnichain applications. The company recently secured $120 million in Series B funding in April 2023.