CyberConnect transforms into social and re-pledged modular L2 'Cyber', how to play? How does it work?

Author: Karen, Foresight News

May 1, 5 , CyberConnect officially opened its new chapter, rebranding and rebranding as Cyber ​​- a social L2 based on OP Stack, while splitting Link3 into an independent brand.

Cyber ​​encourages developers to build innovative social applications on top of it and will allocate millions of CYBER tokens to stimulate the development of the ecosystem. Currently, a grant of US$2 million has been allocated to builders and will Continue to increase investment, encourage more developers and builders to delve into the Cyber ​​ecosystem, and jointly create a vibrant social L2. Cyber ​​firmly believes that users should have control over their identity and data, and for creators, Cyber ​​provides a truly decentralized environment that allows them to expand their influence in a fairer and more direct way, with Fans build closer connections.

Transforming Social Re-Pledge Modular L2 is not only a leap in Cyber ​​technology, but also its in-depth exploration and forward-looking layout of the future of social networks. The Web3 era is inseparable from social networks, and the development of social networks requires more efficient L2 solutions to achieve higher throughput, lower gas fees, and better user experience. Furthermore, if innovative mechanisms with economic effects can be integrated into it, it will not only build a self-sufficient economic system for the entire network, but also promote its development in a more prosperous and sustainable direction. This is exactly the goal of Cyber, to build a re-staking modular Ethereum L2 tailor-made for social.

How does Cyber ​​work?

Cyber ​​is built on OP Stack, launched in cooperation with Altlayer, and integrates a secure custom infrastructure provided by Eigenlayer Active Verification Service (AVS). It is currently online on the developer mainnet.

OP Stack is selected as the L2 technology solution by mainstream Layer2 such as Base, Blast, and Zora Network. According to L2BEAT data, among the top five Layer 2s in TVL, except for Arbitrum, they are all OP Mainnet and OP Stack ecological L2.

It is not difficult to foresee that as the ecological narrative of the superchain carefully constructed by OP Stack gradually matures, L2 within the OP Stack ecosystem will achieve seamless interoperability on Optimism. By then, Cyber ​​will definitely be here Benefiting from this feast, users in other ecosystems in Superchain can also access the Cyber ​​social data network and applications across ecosystems.

As part of Superchain, Cyber ​​will also contribute a portion of the revenue generated by Cyber ​​Sorter to Optimism Collective, accelerating the mass adoption of Web3.

In addition, Cyber ​​will improve capital efficiency by introducing the native income of cross-chain assets and the staking incentives provided by Cyber. It has also cooperated with EigenLayer to launch the Cyber ​​Dual Stake Model and build a decentralized ized sequencer and validator network, in which a dual-staking model utilizes CYBER tokens and EigenLayer to re-stake ETH to maximize network security, while stakers can share network revenue.

How to play Cyber?

When Cyber ​​launched the developer mainnet, it also issued commemorative NFTs on its official website for users to mint. Cyber ​​told Foresight News that it will empower commemorative NFTs during the mainnet event.

Cyber ​​currently has three ways to participate. The first is the CYBER staking program that started in March and lasts until June 8. Users can not only get CYBER Season 2 rewards, but also have the opportunity to obtain ecosystem projects. Potential airdrops, CYBER staking incentives, and shared network revenue kill four birds with one stone.

Among them, the total prize pool for CYBER Season 2 reaches 1 million CYBER. Each CYBER staked can generate 40 points per day. Not only that, CYBER stakers will also receive airdrops from Cyber ​​ecosystem partners, which will be distributed proportionally based on the amount of CYBER staked (not points). According to Cyber’s official website, the current total amount of CYBER pledged has exceeded 3.9 million. If you sign in every day, you can also get a certain percentage increase based on the total points.

In addition, Cyber ​​has specially set up 5.5 million CYBER for staking incentives, and will distribute 2 million CYBER to stakers in the first year after the launch of the mainnet. In terms of network revenue sharing, CYBER is staked to AVS operators who run sequencers, validators, and CyberDB to enhance the security of the network. In return, CYBER stakers can share the revenue from these services to achieve a win-win situation.

The other is the Cyber ​​dual pledge model launched by Cyber ​​last month. The first partners include Renzo, Puffer, and ether.fi, which allows users to deposit and re-pledge assets and earn native ETH pledge income. Additional Cyber ​​re-staking points can be obtained based on EigenLayer re-staking income (including rewards for running AVS to empower Cyber), EigenLayer points, and LRT points. It is particularly worth mentioning that the first 2 ETH pledged by users will receive double points to encourage early stakers to actively participate.

Specifically, each user can earn 24,000 points per day for each ETH staked for the first 2 ETH, while for assets above 2 ETH, 12,000 points can be earned per day for each ETH. The current total deposit amount of Cyber's re-pledged assets has exceeded US$9.23 million. Of course, users can also withdraw assets at any time without affecting the points and benefits they have earned.

At the same time, Cyber ​​also has an invitation revenue sharing mechanism. The referrer can receive 15% of the re-pledge points from the first-level invitees and 5% of the re-pledge points from the second-level invitees. .

Cyber’s future development path

In summary, Cyber, as an important member of the Superchain ecosystem, is expected to continue to leverage its advantages in social data networks and applications. With enhanced interoperability, Cyber ​​will be able to attract more users and developers and inject more new vitality. At the same time, by implementing an innovative dual-pledge model through Eigenlayer Active Verification Service (AVS), Cyber ​​has raised network security to a new level and driven the construction of a system in which economic incentives are highly consistent with network stakeholders to ensure the robust operation and sustainability of the network. value added. In order to further strengthen the security of the network, Cyber ​​will also be committed to promoting the decentralization of the sequencer layer to ensure the robustness and reliability of the entire network.

What’s even more exciting is that Cyber ​​also plans to introduce native account abstraction to greatly improve the user’s login experience and completely eliminate the trouble caused by gas fees. This move means that users will completely say goodbye to cumbersome seed phrase management and enjoy a more convenient and smooth interactive experience. At the same time, Cyber's official Paymaster will also sponsor transaction gas fees for new users through account abstraction technology, further reducing the user's usage threshold and improving overall user participation.

Cyber ​​also plans to launch the Social Summer mainnet event in June, which will present users with a complete ecological gameplay and experience. The Cyber ​​ecological lineup covers mainstream infrastructure service providers in the industry, such as LayerZero, Particle Network, EigenLayer, etc. In addition, a series of ecological application projects are also worthy of users' attention, including the popular Galxe, Mocaverse, Element, Phi, Carv, Ultiverse, Myshell, etc. Cyber ​​will also introduce a series of innovative social projects, such as Bitmon, JokerRace, Mest, Peanut Protocol, etc. These projects will bring new social interaction models and fun to users.

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