Maybe some of you read through my previous thread a few weeks back, Combating obvious sybil - General - Jupiter Research (jupresear.ch)
I have been doing a little bit more digging to try and locate anomalies within the JUP staking wallet distributions to locate sybil. I’d like to thank x.com for his coding skills & continued support on discord through this process!
Right, looking back at my previous thread I hopefully presented enough information to convince the community that there was significant risk of major sybil ongoing within the JUP governance programme.
The formatting of the table below is slightly off, I do apologise. Its clear that the sybil effort has not wavered and the 0.01 stakes have continued to climb.
(query ran 18/8/2024 using Jup stakers copy | asimsy-V4fpFx | Flipside)
Since my last post in mid July, 5 weeks ago we can see the 0.01 user stakers has increased from 35,011 to 66605 a 30994 increase which is incredible. It is still my opinion that these users are not genuine & are in fact sybil.
What is interesting is that we have seen a decrease in the <1 & <10 JUP stakes as potentially after the ASR rewards these users felt that staking their JUP was not worth it.
It brings me great joy to see that the higher brackets of staking users has seen increases, we can see another 18 wallets staking over 100k JUP which is amazing. Additionally there are another 53 wallets staking over 10k JUP and finally 4 more wallets staking over 1,000,000 JUP!.
It is clear that JUP is attracting larger players who want governance power to help shape the best community in crypto!
Not only minimum staking but also some time-weighted criteria, like do you think that someone who deposited 500 and voted once is ‘‘worth’’ more than a wallet who deposited 50 and voted 10 times? There has to be some multiplier for the # of votes ppl participate in. Time is the only thing probably that can’t be faked
@0xSoju Hey do you agree that those 0.01 stakers are most likely Sybil, i checked with some JUP mods in the discord and they said once you remove you entire stake your balance is 0 so that would mean those people are actively staking small amounts, right?
yeah they 100% would be. There was a post in here about amount of jup staked by wallets. there was a significant amount with 1-10 jup staked. OBV tryna get an edge.
I think it would make sense to use JUP received from ASR as the metric. JUP received is based on how long person has been staking, how many proposals one has voted and how much JUP has been staked during each vote.
This way it can’t be gamed by suddenly buying big amounts of JUP, staking and voting once and it would favor those who have been staking and voting longer time.
