CyberConnect has officially unveiled its new chapter and rebranded as Cyber – a social L2 based on the OP Stack, while splitting Link3 into an independent brand. Cyber encourages developers to build innovative social applications on its platform and will distribute millions of CYBER tokens to incentivize ecosystem development. It has already allocated $2 million in grants to builders and plans to continue investing to encourage more developers to contribute to the vibrant social L2 ecosystem. Cyber believes that users should have control over their identities and data, while providing a decentralized environment for creators to expand their influence and connect with fans in a fair and direct manner.
The transition to a social re-staking modular L2 is not only a technological leap for Cyber but also an exploration and forward-looking layout for the future of social networks. The Web3 era relies on social networks, and the development of social networks requires more efficient L2 solutions to achieve higher throughput, lower gas fees, and better user experiences. Furthermore, integrating innovative mechanisms with economic effects can not only build a self-sufficient economic system for the entire network but also drive it towards a more prosperous and sustainable direction. This is precisely Cyber’s goal – to build a re-staking modular Ethereum L2 tailored for social interaction.
How does Cyber operate? It is built on the OP Stack and launched in collaboration with Altlayer. It integrates secure customized infrastructure provided by the Eigenlayer Active Verification Service (AVS) and is currently live on the developer mainnet. OP Stack has been chosen as the L2 technology solution by mainstream Layer2 platforms such as Base, Blast, and Zora Network. According to L2BEAT data, among the top five Layer2 platforms by Total Value Locked (TVL), except for Arbitrum, all are part of the OP Mainnet and OP Stack ecosystem. As the OP Stack’s Superchain ecosystem narrative matures, L2 within the OP Stack ecosystem will seamlessly interoperate with Optimism. In this feast, Cyber will undoubtedly benefit, and users from other ecosystems within the Superchain can access Cyber’s social data network and applications across ecosystems.
As part of the Superchain, Cyber will contribute a portion of the revenue generated by the Cyber Sorter to the Optimism Collective, accelerating the widespread adoption of Web3. Additionally, Cyber aims to improve capital efficiency by introducing native revenue from cross-chain assets and staking incentives. It has partnered with EigenLayer to launch the Cyber Dual Stake Model, which utilizes CYBER tokens and ETH staked on EigenLayer to maximize network security, allowing stakeholders to share network revenue.
What are the gameplay options in Cyber? Alongside the launch of the developer mainnet, Cyber has issued commemorative NFTs for users to mint on its official website. In the future, these commemorative NFTs will be empowered during mainnet activities.
Currently, there are three participation options in Cyber. The first is the CYBER staking program, which started in March and runs until June 8. Users not only receive rewards for the CYBER Season 2, but also have the chance to receive potential airdrops from ecosystem projects, CYBER staking incentives, and share network revenue. The CYBER Season 2 reward pool has a total of 1 million CYBER tokens. Each staked CYBER token generates 40 points per day. CYBER stakers will also receive airdrops from Cyber ecosystem partners, distributed proportionally based on the amount of staked CYBER tokens, not points. Currently, the total amount of CYBER staked has exceeded 3.9 million tokens. Daily check-ins can also earn a certain percentage increase on the total points.
Furthermore, Cyber has set aside 5.5 million CYBER tokens for staking incentives. After the mainnet launch, 2 million CYBER tokens will be distributed to stakers in the first year. In terms of network revenue sharing, AVS operators who stake CYBER tokens to run sorters, validators, and CyberDB to enhance network security will share the revenue with CYBER stakers, creating a win-win situation.
The second option is the Cyber Dual Stake Model, launched last month, which allows users to deposit staking assets and earn additional CYBER staking points on top of native ETH staking rewards, EigenLayer staking rewards (including rewards for enabling AVS to empower Cyber), EigenLayer points, and LRT points. Notably, the first two ETH tokens staked will receive double points to incentivize early participation.
Specifically, for the first two ETH tokens staked, users can earn 24,000 points per ETH per day, while for assets exceeding 2 ETH, users can earn 12,000 points per ETH per day. The total deposited amount for Cyber staking assets has exceeded $9.23 million. Users can withdraw their assets at any time without affecting their earned points and rewards.
Additionally, Cyber has an invitation-based profit-sharing mechanism, where referrers receive 15% of the staking points from their first-level invitees and 5% from their second-level invitees.
Future development road for Cyber: As a crucial member of the Superchain ecosystem, Cyber is expected to continue leveraging its advantages in social data networks and applications. With enhanced interoperability within the Superchain ecosystem, Cyber will attract more users and developers, injecting new vitality. Through the implementation of the innovative Dual Stake Model with Eigenlayer AVS, Cyber will elevate network security to new heights and drive the construction of a system that aligns economic incentives with network stakeholders’ interests, ensuring the network’s robust operation and continuous value appreciation. To further enhance network security, Cyber also plans to advance the decentralization of the sorter layer to ensure the stability and reliability of the entire network.
What’s even more exciting is that Cyber plans to introduce native account abstractions to significantly improve user login experiences and eliminate the hassle of managing seed phrases and gas fees. This means users will bid farewell to cumbersome seed phrase management and enjoy a more convenient and seamless interaction experience. Additionally, Cyber’s official Paymaster will sponsor transaction gas fees for new users through account abstraction, further lowering the entry barrier and increasing overall user engagement.
Cyber also plans to launch the Social Summer mainnet event in June, presenting users with a complete ecosystem gameplay and experience. The Cyber ecosystem lineup includes mainstream infrastructure service providers such as LayerZero, Particle Network, and EigenLayer. Additionally, a series of ecosystem application projects are worth noting, including popular ones like Galxe, Mocaverse, Element, Phi, Carv, Ultiverse, and Myshell. Cyber will also introduce innovative social projects such as Bitmon, JokerRace, Mest, and Peanut Protocol, bringing users new social interaction modes and fun.
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Cyber
CyberConnect
EigenLayer
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Ethereum