Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Chaos Labs explains L0 Sybil detection criteria, focusing on funding sources and interaction behaviors

CointimeCointime2024/05/18 02:52
By:Cointime

On May 18th, Chaos Labs, the partner of LayerZero's witch detection, founder Omer, released the process of monitoring witches on social media. Omer stated that the principle of detection is to ensure that real users are not harmed, maximize accuracy, and screen out the "scientist" addresses of mass account creation for airdrop hunters.

According to the data provided by Omer, the total number of LayerZero users is currently 4.82 million, with 2.18 million unique funding source addresses, and witch users account for 14.8%.

In the detection process, Chaos Labs will trace the funding sources of the detected addresses, focusing on CEX/DEX and bridges, and marking the first native token transfer of each account as a fund transaction. For example, if an address has the same funding source within 24 hours and similar interaction behavior thereafter, it will be marked as a witch.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!

You may also like

Growthly: No-Code Customizable Telegram Quests in Minutes

Footprint Analytics2024/09/27 03:42

X Empire (X): A Revolutionary Blockchain Game with Community at Its Core

What is X Empire (X)? X Empire (X) is a strategy tap-to-earn Telegram game that allows players to build and manage their own empire in a futuristic virtual world. The game’s theme is centered around Elon Musk. Although X Empire is not officially endorsed by Musk, its creators have designed the game

Bitget Academy2024/09/27 02:39