zkSync Airdrop: What's the Buzz?

June 13, 2024

### zkSync Airdrop Concerns: What's the Buzz?

Here's the scoop on zkSync's airdrop issues, straight and simple.

#### What's Going Down

The long-awaited zkSync airdrop checker was finally revealed, and it wasn't all sunshine and rainbows. Even though 17.5% of the token supply was set aside for 695,000 wallets, almost 90% of addresses that interacted with the blockchain were left out of the rewards. Naturally, this got the crypto community pretty riled up. The main beef? Sybil attacks, inconsistent token caps, and the small fish getting left out.

#### Sybil Attacks: The Big Bad Wolf

First up, Sybil attacks. A Sybil attack is when someone fakes multiple identities to grab more tokens than they're supposed to. Mudit Gupta from Polygon Labs called out zkSync for having "virtually no protection" against these attacks. Adam Cochran from Synthetix piled on, saying the criteria were easy to game, making it a farmer's paradise while real users got the short end of the stick.

#### Token Cap Chaos

Then there’s the mess with the reward cap. Officially, the top allocation per wallet was supposed to be 100,000 tokens. But, surprise! At least 155 wallets got more than that, with one wallet bagging 160,495 tokens. This inconsistency raised eyebrows and questions about fairness.

#### Little Guys Left Out

The airdrop's strategy heavily favored liquidity providers (LPs) on zkSync Era, focusing on on-chain liquidity and how long they’d been LPs. This meant big players got a lot more, while smaller users, who might’ve been early adopters but didn’t meet the liquidity thresholds, got nothing. And if you had less than 450 tokens? Sorry, you're out. This left a lot of people feeling left out and frustrated.

#### The Bigger Picture

This whole airdrop saga has bigger implications for zkSync’s governance model. They rolled out ZK Nation, a new framework aiming to decentralize decision-making. But if they can’t keep Sybil attacks in check, governance could end up in the hands of a few bad actors instead of genuine community members. Critics are saying zkSync needs to fix these issues to regain trust and ensure fair participation.

#### Community Vibes

The crypto community? Not happy. Research from Kaito AI shows that people are upset about Sybil attacks, the reward disparity, and feeling left out. The sentiment on X (formerly Twitter) is pretty negative, with lots of complaints about the whole process.

#### Wrap Up

zkSync aimed to reward early adopters and boost engagement with their airdrop. But the flaws in their allocation process and lack of security measures have overshadowed these goals. Moving forward, they need to tackle these issues head-on to restore trust and make their governance model work.

#### Am I eligible?

You're so lucky to find this article, because this website is exactly for that It's like Etherscan but for airdrops - a big open library. You can scan your wallet on this website. Just go to the home page. Good luck!

ps: 20% of people forget to claim their airdrops, but you can get Free Wallet Alerts here 😉