Ok so I see a lot more anticipation for the upcoming Sybil list or "The List" as people have started to reference it as. Let me explain what this list is and what it is not -- and what we hope will come from it long term.
We started with an enormous amount of data, way more than we ever expected.
469 bonders putting up 0.5 ETH total ($1.6m bonded value)
3,800 threads created by the bonders
22,000 Clusters within the threads to be reviewed
In order to make this manageable there are a few filters we set in place to be able to quickly evaluate quality of reports and whether they were worth reviewing in depth.
First -- discard any clusters with < 20 addresses
Second -- based on our placeholder eligibility, if <30% of the wallets in a given cluster were eligible we would put it to the back of the queue for review if there was enough time
Third -- if any report flagged any of the top ~250 addresses it was quickly checked (and usually) discarded. This prevented people from cheekily sneaking in high value addresses into their clusters.
From there it's been a pure slog, as everyone has seen from my own feed it's just been a battle. Hundreds of different methodologies, thousands of clusters, often time very hard to pin down unknown contracts or qualify statistical methods -- but it's a battle that had to be fought and I'm super happy about the end result here (will write more on this later).
So the end result
This report is going to be a large scale (20+) and industrial sybil list and how it relates to @LayerZero_Labs. We think the end result will have caught a massive amount of sybil, returned a massive amount back to real users, and be an amazing piece of research groundwork laid for the community to pick up the torch.
What it WON'T be:
By the nature of time and us not evaluating accounts that were unlikely to be eligible this means there is a ton of sybil that is NOT included in our list. Amazing reports that caught or may have caught sybil clusters but since there would be no reward for them since they had no eligibility they were discarded.
This also means some low volume sybil accounts that are not included in the list who won't qualify for the core LZ distribution but will end up qualifying for some small amounts of RFPs. The issue with evaluating these is some of them have 1, 2, or 5 tx on LayerZero and when you're getting to that point the risk of false positives is much MUCH higher and we chose to err on the side protecting real users as much as possible and minimizing false positive risk. It's a tradeoff to make but we think the most practical one given the end goal.
What we hope happens from here --
The @commondotxyz forum now has a permanent log of all 3,800 threads and 22,000 clusters. This is an INCREDIBLE resource and probably one of the greatest all time wide endeavours in combatting sybil. Our focus was on LZ related sybil but tons of the remaining may have high degrees of connection external to LZ with barely any LZ usage. We very much hope the effort continues after our portion is done and the torch is picked up and a final list is put together from the community. We would even be happy to issue a grant for a group to continue this work as it seems like an incredible resource to be wasted.
I have absolutely blown away by the amazing research conducted by so many incredible analysts and sleuths. I have endless appreciation for all of you and hope everyone knows we have absolutely killed ourselves in pursuit of paying proper respect to the work you have done and getting through as many reports as possible (team was all here until 4am reviewing reports last night and back in first thing in the morning to continue reviewing).
My thanks to all of you, we will have the final results available for public review this weekend and look forward to feedback and anything missed
🫡
We started with an enormous amount of data, way more than we ever expected.
469 bonders putting up 0.5 ETH total ($1.6m bonded value)
3,800 threads created by the bonders
22,000 Clusters within the threads to be reviewed
In order to make this manageable there are a few filters we set in place to be able to quickly evaluate quality of reports and whether they were worth reviewing in depth.
First -- discard any clusters with < 20 addresses
Second -- based on our placeholder eligibility, if <30% of the wallets in a given cluster were eligible we would put it to the back of the queue for review if there was enough time
Third -- if any report flagged any of the top ~250 addresses it was quickly checked (and usually) discarded. This prevented people from cheekily sneaking in high value addresses into their clusters.
From there it's been a pure slog, as everyone has seen from my own feed it's just been a battle. Hundreds of different methodologies, thousands of clusters, often time very hard to pin down unknown contracts or qualify statistical methods -- but it's a battle that had to be fought and I'm super happy about the end result here (will write more on this later).
So the end result
This report is going to be a large scale (20+) and industrial sybil list and how it relates to @LayerZero_Labs. We think the end result will have caught a massive amount of sybil, returned a massive amount back to real users, and be an amazing piece of research groundwork laid for the community to pick up the torch.
What it WON'T be:
By the nature of time and us not evaluating accounts that were unlikely to be eligible this means there is a ton of sybil that is NOT included in our list. Amazing reports that caught or may have caught sybil clusters but since there would be no reward for them since they had no eligibility they were discarded.
This also means some low volume sybil accounts that are not included in the list who won't qualify for the core LZ distribution but will end up qualifying for some small amounts of RFPs. The issue with evaluating these is some of them have 1, 2, or 5 tx on LayerZero and when you're getting to that point the risk of false positives is much MUCH higher and we chose to err on the side protecting real users as much as possible and minimizing false positive risk. It's a tradeoff to make but we think the most practical one given the end goal.
What we hope happens from here --
The @commondotxyz forum now has a permanent log of all 3,800 threads and 22,000 clusters. This is an INCREDIBLE resource and probably one of the greatest all time wide endeavours in combatting sybil. Our focus was on LZ related sybil but tons of the remaining may have high degrees of connection external to LZ with barely any LZ usage. We very much hope the effort continues after our portion is done and the torch is picked up and a final list is put together from the community. We would even be happy to issue a grant for a group to continue this work as it seems like an incredible resource to be wasted.
I have absolutely blown away by the amazing research conducted by so many incredible analysts and sleuths. I have endless appreciation for all of you and hope everyone knows we have absolutely killed ourselves in pursuit of paying proper respect to the work you have done and getting through as many reports as possible (team was all here until 4am reviewing reports last night and back in first thing in the morning to continue reviewing).
My thanks to all of you, we will have the final results available for public review this weekend and look forward to feedback and anything missed
🫡
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