…and offer an additional 10% rewards to Nomis Multichain Score holders! :)

TL;DR

• QuickSwap, a leading DEX & AMM, participated in Manta Network's MantaFest, offering tasks for participants to earn rewards.

• Faced with the challenge of fair reward distribution amidst potential bot and Sybil attacks, QuickSwap sought a solution to identify genuine participants.

• Nomis provided a solution with its data analytics and wallet scoring system, ensuring rewards were distributed based on onchain activity and reputation.

• The campaign utilized a scoring model to reward participants, with additional rewards for those with high onchain activity, effectively deterring Sybil attackers.

• QuickSwap's reward distribution was successful, transparent, and ROI-efficient, benefiting genuine community members and safeguarding against abuse.

• Nomis’ Multichain Score holders who participated in the quest on Galxe received $MANTA Airdrop with a 10% bonus.

Partner

QuickSwap stands as the premier DEX & AMM on Polygon PoS, Polygon zkEVM, Immutable zkEVM, Astar zkEVM, Manta Pacific, Dogechain, and X1 Network (testnet), offering users the ability to swap, provide liquidity, farm, stake, and engage in perpetual swaps swiftly and with minimal transaction fees.

As the cornerstone of the DragonFi ecosystem, QuickSwap is dedicated to delivering an expansive range of products and services that go beyond traditional DeFi. This includes a decentralized Perpetual Exchange, Gaming Hub, and much more.

In September 2023, the Manta Network unveiled MantaFest, a five-week-long celebration marking the Alpha launch of the Manta Pacific Mainnet, orchestrated by Galxe. The event featured a plethora of DeFi activities involving numerous DeFi protocols, including QuickSwap and its trio of onchain tasks.

These tasks presented participants with the chance to earn up to 160 Galxe Points. By taking part, users had the opportunity to mint exclusive NFTs and accumulate points, showcasing their early involvement within the Manta Pacific ecosystem.

Upon the campaign's conclusion, QuickSwap was tasked with distributing 50K $MANTA to those who partook in the QuickSwap’s challenges.

Problem

The campaign was going to have a large number of participants — up to 10K in all 3 quests. With limited resources and a lack of advanced data analytics capabilities within the QuickSwap marketing team, a question emerged:

❔ How to make the campaign’s reward distribution as fair and transparent as possible, but not rewarding bot farms and sybil attackers?

The QuickSwap team devised several tasks to monitor users’ onchain activity. To qualify for Galxe points and the $MANTA airdrop, users had to complete at least one of the following tasks:

• Execute 5 swaps

• Complete 1 swap

• Provide $100 in liquidity for over 7 days

Notably absent were tasks involving social media verifications, a common tactic employed by marketing teams to boost campaign engagement. However, such approaches often fall short of expectations.

Sybil attackers typically lead the charge by creating multiple accounts and wallet addresses to maximize their gains from campaigns and quests. Furthermore, social media verification is just a form of doxxing, a practice that Nomis doesn’t endorse as it goes against the spirit of web3.

Solution

At Nomis, we're confident that onchain data alone is sufficient to distinguish real contributors from bot farms.

💡 Nomis leveraged its data analytics expertise and wallet scoring system to refine the participant list for the MantaFest Campaign. This was achieved by offering insights into the historical onchain activities of wallet addresses. In addition to providing crucial data points, we conducted a Sybil detection analysis and generated a comprehensive report.

Nomis’ Scoring Model uses a logarithmic function for reward distribution, which benefits every participant and offers even more rewards for on-chain power users.

This approach provided QuickSwap with two levels of Sybil resistance:

1. We assess wallet onchain activity across Polygon, Ethereum, and BSC to assign a Multichain Score ranging from 0-100. A score of 30 is the minimum threshold for campaign participation, indicating a relatively low likelihood of the wallet being part of a Sybil cluster.

2. Users looking to join the campaign must mint an SBT on our platform. We impose a nominal minting fee to deter Sybil farms from attempting to validate their onchain reputation and authenticity through Nomis.

In a typical scenario, at the conclusion of a campaign, project teams often need to sift through a vast list of participants in an Excel spreadsheet to identify bots and fake accounts, relying heavily on manual analytics. Nomis solves this issue by providing comprehensive user reports using the Scoring Model at the end of each campaign.

Results

🏆 QuickSwap managed to distribute rewards in a manner that was fair, transparent, ROI-efficient, and based on onchain reputation.

Community members who engaged in any of the three QuickSwap onchain tasks during Galxe's MantaFest campaign were allocated a portion of the airdrop according to the following reward tiers:

• Tier 1: 7,500 MANTA allocated to users who completed the "Provide $100 liquidity over 7 days" task.

• Tier 2: 35,000 MANTA allocated to users who executed the "Make 5 swaps" task.

• Tier 3: 7,500 MANTA allocated to users who completed the "Make 1 swap" task.

Duplicate wallet addresses were excluded. If an address was found to have participated in more than one task, it was only considered once for the airdrop reward, placed in the highest reward tier. Consequently, participants who completed higher-tier tasks received a greater share of rewards.

🏅 Additionally, Nomis’ Multichain Score holders were eligible for an extra 10% atop the amount they were set to receive. For instance, if users had to receive 10 $MANTA, they would gain an additional $MANTA token for being a Multichain Score holder.

Nomis helped QuickSwap to run a better web3 campaign with higher ROI by identifying power and sticky users who deserve better incentives (vs non-target and low-TVL users) and protect reward distribution from Sybil attackers.

Feedback

QuickSwap is excited to be using Nomis' Sybil protection in Galxe campaigns. This has helped increase the number of loyal dragon community members across the board for social and on-chain quests. Their technology is fostering a new era of Web3 transparency and ensuring that real users committed to exploring and learning about DeFi are rewarded accordingly.

The dragons look forward to continuing the collaboration with Nomis for future initiatives!

Sameep Singhania, QuickSwap Core Contributer

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