What do you think of Cyber's transformation and upgrading?

What do you think about the @BuildOnCyber ​​protocol being upgraded to a layer 2 public chain focused on social networking - Cyber? After completing a series of Staking and Restaking community incentive activities, CyberConnect's new social public chain based on OP Stack was officially launched. What potential impacts will the new chain Cyber ​​bring? Next, I will briefly share my views:

1) The hottest social applications, especially the phenomenal SocialFI, have always been elusive by major chains. How to build a popular social application? Whenever it appears, it seems to be a random "emergence" event, and even if it explodes suddenly, it cannot escape the curse of a short life cycle. In my opinion, this is due to the past development of Social. Either like Farcaster and Lens, the overall architecture of the communication protocol layer has changed, and applications must be integrated through the adaptation of other chains and applications; or like Friendtech, Degen, etc. It can only be driven by applications and communities, and it will eventually be unsustainable due to the cumbersome economic model.

Perhaps an exclusive social chain that focuses on user experience and designs user retention mechanisms for the C-side and encourages developers to build social applications for the B-side is the best solution to spawn popular social applications?

2) Cyber ​​quickly cuts into the layer2 field to build an exclusive social chain and learns from others’ strengths in technical architecture:

1. Choose a super chain built based on OP Stack and joined by Optimism. Big family, fast chain launch is the appearance, more importantly, it can connect the resources behind the OP Stack alliance, share users and liquidity (potential airdrop);

2. RaaS service based on Altlayer, realizing flexible integration The availability of DA data outside of Ethereum can significantly reduce application construction and operation and maintenance costs in the early stage;

In addition, Cyber's own CyberConnect protocol social graph, CyberDB decentralized storage solution, account abstraction (AA), Identity authentication methods such as Passkey and WebAuth, as well as Paymaster Gas payment and other functions are of great help to attract developers to develop applications. The key is that a social chain must have a low user entry threshold and an optimized product experience. When the chain becomes a unified entrance layer, the original unified decentralized identity (DID) mechanism of CyberConnect will be amplified and become its advantage. A strong label for social portals.

3) The reason why Cyber ​​upgrades from a decentralized social protocol to a chain is essentially to further gather a wider range of resources through the bottom layer of the chain. For example: when it is finally upgraded After becoming EigenDA, the new Cyber ​​chain will have continuous asset gain in Staking and Restaking.

Not only adopts the security consensus layer of AVS, but also introduces a re-pledge mechanism to introduce LRT assets such as ETH, stETH, ezETH, pufETH and so on to the Cyber ​​chain. It has realized the story told by Eigenlayer as a practical use case, and at the same time, through the dual pledge model, it has found new application scenarios for CYBER Token that maintain the security consensus of the tether chain, which is equivalent to upgrading the token model.

In short, the new brand story of CyberConnect’s upgrade from protocol to chain will obviously have a “gain” effect.

Although the impression of "social chain" may ultimately be deepened by the birth of several phenomenal social applications, Cyber ​​links OP Stack super chain, Eigenlayer AVS re-pledge model, and its Cyber ​​DID Describing a new entrance layer story and imaginative space in the short-term resource aggregation narrative will also lay the foundation for the development of its social chain.

The above is the detailed content of What do you think of Cyber's transformation and upgrading?. For more information, please follow other related articles on the PHP Chinese website!