Week 1 The Good, The Bad & The Ugly
SybilDAO prevents bots from claiming your NFT mint or airdrop
🤖 1st Bot Attack & Bot Bounty Payout
We had our first bot attack on the network with an attacker using 3rd party services to bypass cloudflare, hcaptcha and internal prevention systems.
https://medium.com/@sybildao/first-significant-bot-attack-648c276efc6
In a recent development that attacker reached out to us, shared his bot code and claimed the 0.255 ($300) bot bug bounty. This has been invaluable to the team in seeing how these bots are constructed to learn how we can harden our internal systems. It will be the robustness of our internal bot prevention mechanics that adds value to both SybilDAO stakeholders and the wider blockchain community.
🚀 SYB Staking - Earn Goerli ETH
We are currently working on the staking UI for the platform which should be added by the end of the week if all goes well. The SybilDAO smart contract now holds 16.4 ETH and SYB token holders are entitled to a share of that.
Here is an early design of what this will look like:
Staking involves locking your tokens for 3 months. The current contract design pays out a share of the ETH as a percentage of your staking pool share at the end of the 3 month period. We are considering whether to change this around for the mainnet launch so users will get ETH paid out at the start of the staking period in exchange for locking up their SYB tokens for a fixed term.
📈 Dune Analytics Dashboard
https://dune.com/sybildao/sybildao-testnet
We created a Dune Analytics dashboard to monitor the verifications and later staking of the SYB token.
That’s it for this week. Thank you for being part of the SybilDAO community and following the development of this protocol as we take the fight to the bots.
SybilDAO
https://sybildao.com
Connect with us
https://twitter.com/SybDAO / https://discord.gg/fqRBs7p5fr
Developers help us battle the bots
https://github.com/0xD185/SybilDAO
Good projeck
can't wait..