On May 15, CyberConnect officially unveiled its new chapter, rebranding itself as Cyber, a social L2 based on the OP Stack, and spinning off Link3 as an independent brand. Cyber encourages developers to build innovative social applications on its platform by allocating millions of CYBER tokens to incentivize ecosystem development. Currently, $2 million in grants have been earmarked for builders, with plans to increase investment to attract more developers and creators to the Cyber ecosystem, aiming to create a vibrant social L2.

Cyber believes users should have control over their identity and data. For creators, Cyber provides a truly decentralized environment, enabling them to expand their influence more fairly and directly while building closer connections with their fans. The transition to a social re-staking modular L2 represents not only a technological leap for Cyber but also a profound exploration and forward-looking strategy for the future of social networks.

In the Web3 era, social networks are indispensable, and their development requires more efficient L2 solutions to achieve higher throughput, lower gas fees, and a better user experience. Moreover, integrating economically effective innovative mechanisms can build a self-sustaining economic system for the entire network and drive it toward greater prosperity and sustainability. This is Cyber’s goal: to create a social re-staking modular Ethereum L2 tailored for social networking.

How Does Cyber Work?

Cyber is built on the OP Stack and launched in collaboration with Altlayer, integrating a secure custom infrastructure provided by Eigenlayer’s Active Validation Service (AVS). It is currently live on the developer mainnet.

The OP Stack has been chosen by prominent Layer 2 solutions like Base, Blast, and Zora Network as their L2 technology. According to L2BEAT data, among the top five Layer 2s by TVL, all except Arbitrum are part of the OP Mainnet and OP Stack ecosystem. As the OP Stack’s Superchain ecosystem narrative matures, L2s within this ecosystem will achieve seamless interoperability on Optimism. Cyber will benefit from this development, allowing users from other ecosystems within the Superchain to access Cyber’s social data network and applications.

As part of the Superchain, Cyber will also contribute a portion of the revenue generated by the Cyber Sequencer to the Optimism Collective, accelerating the mass adoption of Web3. Additionally, Cyber aims to enhance capital efficiency by introducing native yields from cross-chain assets and staking incentives. It has also partnered with EigenLayer to launch the Cyber Dual Stake Model. This model involves a decentralized network of sequencers and validators, utilizing CYBER tokens and EigenLayer’s re-staked ETH to maximize network security while allowing stakers to share in the network’s revenue.

How to Play Cyber?

On the occasion of launching the developer mainnet, Cyber also released commemorative NFTs on its official website for users to mint. Cyber stated to Foresight News that it will empower the commemorative NFTs in future mainnet events.

Currently, Cyber offers three participation methods. Firstly, there’s the CYBER Staking Plan, running from March to June 8th. Users not only receive rewards for the 2nd season of CYBER but also have the chance to receive potential airdrops from ecosystem projects, CYBER staking incentives, and share network revenue, achieving multiple benefits in 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. Additionally, CYBER stakers will receive airdrops from Cyber’s ecosystem partners, distributed proportionally based on the amount of CYBER staked (not points). According to Cyber’s website, the current total staked CYBER exceeds 3.9 million tokens. Daily check-ins also provide a certain percentage boost on the total points.

Furthermore, Cyber has specifically allocated 5.5 million CYBER tokens for staking incentives, distributing 2 million CYBER tokens to stakers in the first year after the mainnet launch. Regarding revenue sharing, CYBER staked with AVS operators running sequencers, validators, and CyberDB enhances network security. In return, CYBER stakers can share the revenue generated by these services, creating a win-win situation.

Another method is the Cyber Dual Stake Model, launched last month, with initial partners including Renzo, Puffer, and ether.fi. This model allows users to deposit assets for restaking, earning additional CYBER restaking points on top of earning native ETH staking rewards, EigenLayer restaking rewards (including rewards for empowering Cyber with AVS), EigenLayer points, and LRT points. Notably, the first two ETH staked by users receive double points to incentivize early participation.

Specifically, each user staking the first 2 ETH assets can earn 24,000 points per day per ETH, while assets exceeding 2 ETH can earn 12,000 points per day per ETH. The current total deposited amount for Cyber restaking assets exceeds $9.23 million. Users can withdraw assets at any time without affecting earned points and rewards.

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

The Future of Cyber

In summary, as a key member of the Superchain ecosystem, Cyber is poised to continue leveraging its advantages in social data networks and applications. With the enhanced interoperability within the Superchain ecosystem, Cyber will attract more users and developers, injecting new vitality into the ecosystem. Moreover, by implementing the innovative Dual Stake Model with Eigenlayer’s Active Validation Service (AVS), Cyber will

elevate network security to new heights and drive the creation of a system where economic incentives align closely with network stakeholders, ensuring robust network operation and continuous value appreciation. To further enhance network security, Cyber also plans to decentralize the sequencer layer, ensuring the resilience and reliability of the entire network.

What’s even more exciting is Cyber’s plan to introduce native account abstraction to significantly improve user login experience and completely eliminate the hassle of gas fees. This initiative means users will say goodbye to cumbersome seed phrase management 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 lowering the user entry barrier and increasing overall user engagement.

Cyber also plans to launch the Social Summer mainnet event in June, presenting users with a complete ecosystem of gameplay and experiences. The Cyber ecosystem includes leading infrastructure service providers such as LayerZero, Particle Network, and EigenLayer. Additionally, a series of ecosystem application projects are worth noting, including popular ones like Galxe, Mocaverse, Element, Phi, Carv, Ultiverse, and Myshell. Cyber will also introduce a range of innovative social projects such as Bitmon, JokerRace, Mest, Peanut Protocol, offering users new social interaction modes and enjoyment.

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