How to view the transformation and upgrading of Cyber?
CyberConnect's new brand story, transitioning from a protocol to a chain, will clearly generate a "gain" effect.Author: Haotian
How to view the upgrade of the @BuildOnCyber protocol to a social-focused layer2 public chain ------ Cyber? After completing a series of Staking and Restaking community incentive activities, the brand new social public chain built by CyberConnect based on OP Stack has officially launched. What potential impacts will the new chain Cyber bring? Next, I will briefly share my views:
1) Social killer applications, especially the phenomenal SocialFI, have always been sought after by major chains but remain elusive. How to build a social blockbuster application and when it will appear seems to be a random "emergent" event, and even if it suddenly becomes popular, it is difficult to escape the curse of a short lifecycle. In my opinion, this stems from the past development of social applications, either like Farcaster and Lens, which come with a complete architecture shift at the communication protocol layer and rely on the adaptation of other chains and applications to integrate; or like Friendtech and Degen, which can only rely on application and community drive, ultimately becoming unsustainable due to cumbersome economic models.
A dedicated social chain that focuses on user experience for the C-end and designs user retention mechanisms, while incentivizing developers to build social applications on the B-end, may be the optimal solution to foster blockbuster social applications?
2) Cyber quickly enters the layer2 field to create a dedicated social chain, drawing on the strengths of various technologies:
Choosing to build on OP Stack and joining the Optimism superchain family, the rapid launch of the chain is just the surface; more importantly, it can connect to the resources behind the OP Stack alliance, sharing users and liquidity (potential airdrops);
Based on Altlayer's RaaS service, it achieves flexible integration of DA data availability outside of Ethereum, significantly reducing application development and operational costs in the early stages;
In addition, Cyber's own CyberConnect protocol social graph, CyberDB decentralized storage solution, account abstraction (AA), Passkey, WebAuth and other identity authentication methods, as well as Paymaster Gas payment functions, greatly benefit attracting developers to build applications. The key is that a social chain must have a low user entry threshold and an optimized product usage experience. When the chain becomes a unified entry layer, the original unified decentralized identity (DID) mechanism of CyberConnect will amplify its advantages, becoming a strong label for its social entry.
3) The reason Cyber is upgrading from a decentralized social protocol to a chain is essentially to further consolidate a broader range of resources through the underlying chain. For example, when it ultimately upgrades to EigenDA, the new Cyber chain will have continuous asset gain gameplay in Staking and Restaking.
Not only does it adopt the AVS security consensus layer, but it also introduces a re-staking mechanism, bringing in LRT assets such as ETH, stETH, ezETH, and pufETH to the Cyber chain. This realizes the story told by Eigenlayer as a practical use case, while also providing a new application scenario for the CYBER Token to maintain chain security consensus through a dual-staking model, effectively upgrading the token model.
In summary, the new brand story of CyberConnect upgrading from a protocol to a chain will clearly produce an "enhancement" effect.
Although the impression of a "social chain" may ultimately rely on the emergence of several phenomenal social applications to deepen, the linkage of Cyber with the OP Stack superchain, the Eigenlayer AVS re-staking model, and the new entry layer story for its Cyber DID will lay a foundation for the development of its social chain in the short-term resource aggregation narrative.
