Cyber L2’s First Month — Achievements & Initiatives in March

It’s been an exciting first month, almost, since we launched Cyber L2 on March 8th. As the first Social Layer 2 with restaking and optimized for mass adoption, Cyber L2 has garnered significant attention and engagement from the community — kudos to everyone involved and huge thanks to our partners. And huge thanks to our launch and ecosystem partners EigenLayer (EigenDA), AltLayer, Optimism, EtherFi, Polyhedra, zkLink, and also for the kind support from Omni, Xpet, zkPass, Mint, Alchemy, Pimlico, Particle Network, among others.

The team has been cooking non-stop and we have tons of exciting news to share down the road, every week. But today, let’s delve into some of the notable milestones and initiatives achieved in the first month of Cyber L2’s existence. Check your pulse — we’ve just got started.

2.6M CYBER Tokens Staked!

One of the standout achievements within the first month of Cyber L2’s launch is the overwhelming response to CYBER Staking. With the introduction of CYBER Staking, users can now stake CYBER tokens, contributing to network security while earning various economic rewards and voting rights in governance. The community’s enthusiastic participation led to the remarkable milestone of 2.5 million CYBER tokens already staked, highlighting the strong support and belief in the ecosystem’s potential for growth and sustainability.

You can still stake your CYBER tokens now and earn extra boosters through referrals. We will be rewarding the stakers with a total of 1 million CYBER tokens (CYBER Season 2 Rewards) at the end of the staking period when we launch our mainnet.

Reward the Community — Kick-start the Ecosystem Airdrop Series

In an effort to foster community engagement and reward loyal contributions, Cyber initiated its Ecosystem Airdrop series with the first event in collaboration with Polyhedra. In total, 333,333 ZK tokens are distributed to CYBER stakers. As the Cyber ecosystem continues to thrive and expand, this series will feature various Cyber ecosystem partners to provide ongoing benefits and airdrops for CYBER stakers.

We have announced many more ecosystem partnerships with other projects. Check our socials and stay tuned.

Ecosystem Airdrop is another type of economic reward provided for our stakers and there are 2 additional types of incentives for users to stake and actively participate in the Cyber ecosystem: Network Revenue Sharing: The staked CYBER are delegated to Actively Validated Services (AVS) operators through EigenLayer. In return, stakers will share the revenue from these services. CYBER Staking Incentives: a total of 5.5M CYBER has been specifically allocated to the long-term incentive program.

Empowering Builders with Cyber Ecosystem Grants

Looking towards the future, Cyber Community announced the Cyber Ecosystem Grants program and allocated $2M worth of CYBER tokens to support builders in growing a thriving social L2 ecosystem and accelerate the overall adoption of onchain social and web3.

The program will kick off with the inaugural Pilot Round on Apr 1st, aiming to incentivize the development of social dApps on Cyber and developer tooling essential for enhancing the Cyber ecosystem’s functionality and user experience.

Moreover, the initiative underscores Cyber’s commitment to inclusivity and community involvement by inviting passionate individuals to nominate themselves for the Grants Council, a crucial body responsible for selecting projects eligible for grants within the program.

The nomination for the Council is open NOW. Be a part of the decision-making process in selecting projects that will help fuel Cyber’s ecosystem and the future of onchain social.

Learn more and apply at: https://app.charmverse.io/cyber-ecosystem-grants

You might also have missed…

Optimism hosted our co-founder Ryan Li recently for a video interview on OP Radio, check out the conversation here.
Our launch of Cyber L2 was in partnership with EigenLayer (EigenDA), AltLayer, and Optimism and supported by Mint, Alchemy, Pimlico, Particle Network, etc.
Ecosystem growth: EtherFi, Omni, Xpet, Polyhedra, zkPass, and zkLink among others have joined the Cyber family.

The first month of Cyber L2’s journey has been marked by a fast-running series of forward-looking initiatives and significant achievements. To be exact, it’s actually only three weeks, but the journey has already taken us far! With a growing community of stakers, ecosystem partners, and builders, and a commitment to innovation and collaboration, Cyber L2 is poised to redefine the landscape of onchain social networking and the overall mass adoption of web3.

Stay tuned in our community for more exciting news down the roadmap. The team is cooking and will ship every week. The mainnet is coming soon.

Join us as we continue to forge ahead, and let’s build the future of onchain social together.

About Cyber

Cyber is the first restaked modular Layer 2 designed for social and optimized for mass adoption. It serves as the social layer for web3 applications and the gateway for the next wave of users to access web3 experiences, tools, and financial liquidity across all Layer 2 ecosystems.

Cyber is the latest offering from the team behind CyberConnect, the social network protocol, Link3, a professional networking platform, and CyberWallet, the industry-leading ERC-4337-compatible smart account solution.