CyberConnectHQ is preparing to open as an L2 dedicated to socializing.

@CyberConnectHQ is preparing to open as an L2 specifically for socializing.

• Collaborating with @Optimism OP stack superchain.

• Utilizing DA from @eigenlayer.

• Leveraging functions from @alt_layer.

The goal is to become the largest social platform. Currently, they are the leaders with 2m+ users.

Cyber is excellent at marketing and integrating new products.

I've heard a lot of hype about them. I truly believe they are the main players in the web3 social market, for sure.

Cyber will join as another OP superchain. They will use EIP-7560 and Native EIP-7212, making it easier to onboard new users from web2 to create accounts. Additionally, they will be a serious social platform because they offer yields to users in various aspects.

✅ Users will receive native yields from ETH, LST, LRT.|
✅ They will also receive protocol fee shares from various dapps.
✅ There will be ecosystem rewards.

Let's take a look at the alpha and interesting points below.

Cyber Season 2 is incredibly serious with Cyber Staking.

• Stake $cyber for 3 months.

• Withdrawable upon Cyber L2 mainnet launch (likely on June 8).

• Staking allows participation in the governance system, voting on protocol upgrades, council membership, and managing the treasury 👀.

• When staked, you'll earn 40 points/cyber/day.

• You'll also receive 15% of points from lv1 referrals and 5% from lv2 referrals.

• Additionally, daily check-ins for boosting points are recommended.

4 types of rewards.

For Season 2 activities, the total participants are relatively low, only 673k cyber, resulting in fewer rewards for individuals.

• CYBER Season 2 Rewards: To enhance network security and reward early members, 1,000,000 CYBER will be distributed to those who stake.

• Ecosystem Airdrop: CYBER stakers will also receive airdrops from dapps within the ecosystem.

• Network Revenue Sharing: CYBER staked will be delegated to Actively Validated Services (AVS) operators via EigenLayer. Therefore, CYBER stakers will receive revenue sharing from this.

• CYBER Staking Incentives: To encourage long-term staking, the team has allocated a budget of up to 5.5m CYBER, which is currently valued at ~$57m!!

  • This means that if you stake CYBER now, you could potentially enjoy significant rewards for a long time.

The activities are relatively straightforward. At the beginning of the writing, even with just 100 CYBER, you could make it to the top 200.

For those who are interested in diving in, I have provided my referral link for you to consider. Thank you!👇 https://www.cyber.co/stake?code=URPIA

Initially, the rewards were planned to unlock gradually, but CYBER has changed its strategy. Now, they've adjusted to a 1 million CYBER reward, regardless of the amount staked. It's uncertain if there will be an early snapshot for additional benefits.

Noticeably, in the image, there's emphasis on preparing to receive airdrops from dapps within the Cyber ecosystem as well.

And let's not forget that Cyber is an L2 that has received substantial funding and has numerous partners. There are many projects within its ecosystem. The image below showcases just a few of the projects involved (there are many more)

The evaluation of the price and future of CyberConnect.

These days, the L2 trend is incredibly strong, and CyberConnect stands out as a leading player in the Social Layer L2 space.

It boasts a solid profile and numerous impressive features.

• Web3 social

• Supports both web2 and web3 with account abstraction, not just targeting crypto users.

• Login with passkeys or FaceID is possible because it uses Native EIP-7212.

• Using Eigen DA gas will be significantly cheaper, almost like free.

• Fast and efficient.

• Assets on the CyberConnect chain will have native yield.

• Currently leading in AA with over 2m accounts.

• Utilizing the tech of OP Superchain, which is widely recognized.

• Raised $25m with participation from Binance/AnimocaBrands.

• I believe the future will be a significant social layer in web3, possibly one of the top 5.

Let's take a look at the valuation together.

That's impressive! However, the current market cap is only 200m.

Currently, 20% has been unlocked, and there will be gradual unlocking over almost a year until the private sale investors' unlock occurs.

Facebook's market cap is 1250 billion dollars.Twitter's is 41 billion dollars. This is the target market for the web3 social platforms.

To evaluate CyberConnect's valuation, aiming for 41 billion might be a bit excessive. However, a market cap of 1 billion seems reasonable for a project leading in web3.

Yet, it's prudent to start with a conservative estimate. Targeting around 800 million (keeping it low for token unlock considerations) could be a safer approach. This conservative valuation still leaves room for a potential 4x upside.

Staking Cyber is indeed an attractive option because, in addition to the upside potential, there are also special yields from the activities in Cyber Season 2.

Enjoy this? follow for more at @gadgeteerth @0x_nanobro

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