Deep Dive
1. Purpose & Value Proposition
Cyber aims to bridge social experiences with blockchain by creating a dedicated Layer 2 for decentralized social networks. It addresses fragmented user data control in Web2 platforms by enabling developers to build apps on a shared social graph (CyberGraph), where users own their social connections and content. Its AI suite, Cyber.AI, processes on-chain and social data to deliver actionable insights for traders and builders.
2. Technology & Architecture
Built as a restaked Ethereum L2 via EigenLayer, Cyber features:
- Native Smart Accounts: Every wallet acts as a smart contract, enabling gas sponsorship and simplified user onboarding.
- Seedless Wallets: Supports biometric authentication (e.g., FaceID) via EIP-7212, removing seed phrase complexities.
- Decentralized Storage: CyberDB, an EigenLayer-powered storage solution, provides cost-efficient data handling for social apps.
- High Throughput: Processes transactions at ~1 cent USD fees, leveraging EigenDA for scalability.
3. Ecosystem & Tokenomics
The CYBER token (100M max supply) powers governance, secures the sequencer network via staking, and funds ecosystem grants. Key components include:
- Surf: An AI interface merging analytics, signals, and execution tools for traders.
- Developer Incentives: A $2M grant program to foster social dApps on Cyber L2.
- Decentralized Sequencers: Node operators earn fees while stakers receive rewards, aligning network security with participation.
Conclusion
Cyber reimagines social interactions onchain by combining Ethereum’s security with AI-driven usability. Its focus on seamless wallets, low fees, and social data ownership positions it as a hub for Web3 social innovation. Can Cyber’s hybrid AI-blockchain approach drive mainstream adoption of decentralized social networks?