CyberConnect transforms social re-staking modular L2 "Cyber", what are the gameplay options? How does it operate?

Author: Karen, Foresight News

On May 15, CyberConnect officially unveiled its new chapter, rebranding and transforming into 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, it has set aside $2 million in grants for builders and will continue to increase investment to encourage more developers and builders to delve into the Cyber ecosystem, collectively creating a vibrant social L2. Cyber firmly believes that users should have control over their identities 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, establishing closer connections with their fans.

The transformation into a 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 be separated from 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, if innovative mechanisms with economic effects can be integrated, it will not only build a self-sustaining 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 applications.

How does Cyber work?

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

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 by TVL, all except Arbitrum are OP Mainnet and OP Stack ecosystem L2s.

It is easy to foresee that as the carefully constructed Superchain ecosystem narrative of OP Stack matures, 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 revenue generated by the Cyber sequencer to the Optimism Collective, accelerating the large-scale adoption of Web3.

Additionally, Cyber will enhance capital efficiency by introducing native yields from cross-chain assets and staking incentives provided by Cyber. It has also partnered with EigenLayer to launch the Cyber Dual Stake Model, building a decentralized sequencer and validator network. In this model, dual staking utilizes CYBER tokens and EigenLayer's re-staked ETH to maximize network security, while stakers can share network revenue.

What are the ways to participate in Cyber?

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

Currently, there are three ways to participate in Cyber. The first is the CYBER staking program that started in March and will continue until June 8. Users can not only receive rewards from the second season of CYBER but also have the chance to receive potential airdrops from ecosystem projects, CYBER staking incentives, and share network revenue, making it a fourfold benefit.

The total reward pool for the second season of CYBER is 1 million CYBER. Each staked CYBER generates 40 points per day. Moreover, CYBER stakers will also receive airdrops from Cyber ecosystem partners, which will be distributed proportionally based on the amount of staked CYBER (rather than points). According to Cyber's official website, the total amount of staked CYBER has exceeded 3.9 million. Users can also receive a certain percentage boost in total points for daily check-ins.

In addition, Cyber has specifically allocated 5.5 million CYBER for staking incentives, with 2 million CYBER to be distributed to stakers in the first year after the mainnet launch. Regarding network revenue sharing, CYBER is staked to operate sequencers, validators, and AVS operators of CyberDB to enhance network security. In return, CYBER stakers can share the revenue from these services, achieving a win-win situation.

Another way is through the Cyber Dual Stake Model launched last month, with initial partners including Renzo, Puffer, and ether.fi. This model allows users to deposit re-staked assets and earn native ETH staking rewards, EigenLayer re-staking rewards (including rewards for running AVS that empower Cyber), EigenLayer points, and LRT points, while also gaining additional Cyber re-staking points. Notably, the first two ETH staked by users will earn double points to incentivize early stakers to participate actively.

Specifically, each user’s first two staked ETH can earn 24,000 points per day per ETH, while assets above 2 ETH can earn 12,000 points per day per ETH. Currently, the total deposit amount of Cyber re-staked assets has exceeded $9.23 million. Of course, users can withdraw their assets at any time without affecting the points and rewards already earned.

At the same time, Cyber has also set up a referral revenue-sharing mechanism, allowing referrers to receive 15% of the re-staking points from first-level invitees and 5% from second-level invitees.

The future development path of Cyber

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 enhancement of interoperability within the Superchain ecosystem, Cyber will be able to attract more users and developers, injecting new vitality. Furthermore, by implementing the innovative dual staking model through Eigenlayer's Active Verification Service (AVS), Cyber will elevate network security to new heights and drive the construction of a system where economic incentives are highly aligned with network stakeholders, ensuring the robust operation and continuous value appreciation of the network. To further enhance network security, Cyber will also focus on promoting the decentralization of the sequencer layer, ensuring the robustness and reliability of the entire network.

Even more excitingly, Cyber plans to introduce native account abstraction to significantly enhance the user login experience and completely eliminate the hassles caused by gas fees. This move means that users will say goodbye to cumbersome seed phrase management and enjoy a more convenient and smooth interaction experience. Additionally, Cyber's official Paymaster will sponsor transaction gas fees for new users through account abstraction technology, further lowering the usage threshold and enhancing overall user participation.

Cyber also plans to launch the Social Summer mainnet event in June, which will present users with a complete ecosystem gameplay and experience. The Cyber ecosystem lineup includes mainstream infrastructure service providers in the industry, such as LayerZero, Particle Network, and EigenLayer. Moreover, a series of ecological application projects are also worth users' attention, including popular ones like 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, which will bring users new modes of social interaction and enjoyment.