Author: Karen, Foresight News

On May 15th, CyberConnect officially unveiled its new chapter, reshaping 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, allocating millions of CYBER tokens to incentivize the development of the ecosystem. Currently, $2 million in grants has been allocated to builders, with plans to increase investment to encourage more developers and builders to cultivate the Cyber ecosystem, creating a vibrant social L2 together. Cyber firmly believes that users should have control over their own identity and data, and for creators, Cyber provides a truly decentralized environment, enabling them to expand their influence in a fairer and more direct way, and to establish closer connections with fans.

The transformation of social re-staking modular L2 is not only a leap in Cyber's technology, but also a deep exploration and forward-looking layout for the future of social networks. The Web3 era cannot do without social networks, and the development of social networks requires more efficient L2 solutions to achieve higher throughput, lower gas fees, and a better user experience. Furthermore, if innovative mechanisms with economic effects can be integrated, it will not only establish a self-sufficient economic system for the entire network, but also promote its development towards greater prosperity and sustainability. This is exactly Cyber's goal - to build a modular re-staking Ethereum L2 tailored for social interaction.

How does Cyber operate?

Cyber is built on top of OP Stack, launched in collaboration with Altlayer, and integrated with secure custom infrastructure provided by Eigenlayer's Active Verification Service (AVS), which is currently live on the developer mainnet.

OP Stack has been chosen as the L2 technology solution by mainstream Layer2s such as Base, Blast, and Zora Network. According to L2BEAT data, among the top five Layer2s in TVL ranking, except for Arbitrum, all are L2s in the OP Mainnet and OP Stack ecosystem.

It is not difficult to foresee that as the narrative of the carefully constructed Superchain ecosystem within OP Stack matures, the L2s within the OP Stack ecosystem will achieve seamless interoperability on Optimism. At that time, Cyber will undoubtedly benefit from this feast, and users from other ecosystems within Superchain will also be able to access Cyber's social data network and applications across ecosystems.

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

In addition, Cyber will enhance capital efficiency by introducing native income from cross-chain assets and staking incentives provided by Cyber. It has also collaborated with EigenLayer to introduce the Cyber Dual Staking Model and build a decentralized sorter and validator network. The dual staking model utilizes CYBER tokens and re-stakes ETH with EigenLayer to maximize network security, while stakers can share network income.

How to participate in Cyber?

At the launch of the developer mainnet, Cyber also issued commemorative NFTs for users to mint on its official website here. Cyber stated to Foresight News that the commemorative NFTs will be empowered in future mainnet activities.

Currently, there are three ways to participate in Cyber. Firstly, there is the CYBER staking plan launched in March and running until June 8th. Users can not only receive rewards for the 2nd season of CYBER, but also have the opportunity to receive potential airdrops from ecosystem projects, CYBER staking incentives, and share network income, achieving multiple benefits with one action.

The total prize pool for the 2nd season of CYBER rewards is 1 million CYBER tokens. Each staked CYBER token generates 40 points per day. In addition, CYBER stakers will also receive airdrops from Cyber's ecosystem partners, which will be distributed proportionally based on the amount of staked CYBER (not points). According to Cyber's official website, the current total staked amount of CYBER has exceeded 3.9 million tokens. Daily check-ins can also result in a certain percentage increase based on the total points.

Furthermore, Cyber has specifically allocated 5.5 million CYBER for staking incentives, distributing 2 million CYBER to stakers in the first year after the mainnet launch. Regarding network income sharing, CYBER staked with the AVS operator running the sorter, validator, and CyberDB will enhance network security. In return, CYBER stakers can share the income from these services, achieving a win-win situation.

Another way is the Cyber Dual Staking Model launched last month, with initial partners including Renzo, Puffer, and ether.fi, allowing users to deposit re-staking assets to earn additional CYBER re-staking points on top of earning native ETH staking rewards, EigenLayer re-staking rewards (including rewards for empowering Cyber through AVS), EigenLayer points, and LRT points. It is worth noting that users staking the first 2 ETH will receive double points to incentivize early participation.

Specifically, each user staking the first 2 ETH will receive 24,000 points per day per ETH, while assets above 2 ETH will receive 12,000 points per day per ETH. The current total deposit amount for Cyber re-staking assets has exceeded $9.23 million. Users can withdraw assets at any time without affecting the points and earnings already obtained.

Additionally, Cyber has an invitation reward sharing mechanism, where referrers can receive 15% of re-staking points from first-level invitees and 5% from second-level invitees.

Cyber's future development path

In summary, as an important member of the Superchain ecosystem, Cyber is expected to continue leveraging its advantages in social data networks and applications. With the enhanced interoperability within the Superchain ecosystem, Cyber will be able to attract more users and developers, injecting more vitality. Meanwhile, through Eigenlayer's Active Verification Service (AVS) implementing the innovative dual staking model, Cyber will elevate network security to new heights and drive the construction of a system that aligns economic incentives with network stakeholders, ensuring the network's robust operation and continuous value appreciation. To further enhance network security, Cyber will also strive to advance the decentralization of the sorter layer, ensuring the overall network's stability and reliability.

What's even more exciting is that Cyber plans to introduce native account abstraction to significantly improve user login experience and completely eliminate the inconvenience caused by gas fees. This initiative means that users will bid farewell to the cumbersome management of seed phrases, 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 technology, further reducing the user's entry barriers and enhancing overall user participation.

Cyber also plans to launch the Social Summer mainnet event in June, presenting users with a complete ecosystem experience. The Cyber ecosystem lineup includes leading infrastructure service providers such as LayerZero, Particle Network, and EigenLayer. In addition, a series of ecosystem application projects are also worth paying attention to, including popular projects such as Galxe, Mocaverse, Element, Phi, Carv, Ultiverse, and Myshell. Cyber will also introduce a series of innovative social projects, such as Bitmon, JokerRace, Mest, and Peanut Protocol, bringing users new social interaction modes and fun.

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