With the rapid development of digital currency, the demand for social applications is increasing day by day. With the launch of Cyber’s Layer 2 mainnet, we welcome the first blockchain platform designed specifically for social applications, all thanks to AltLayer’s innovative technology. In this article, we’ll take a deep dive into Cyber’s MACH AVS system and its impact on social applications, and describe how to effectively participate in this emerging ecosystem.
Cyber innovation and development
Cyber (formerly known as CyberConnect) recently partnered with AltLayer to successfully launch its Layer 2 mainnet and become part of OP Superchain. This platform not only integrates high-performance infrastructure, but also provides tools designed for developers to optimize workflow and shorten time to market. Cyber is not only a technology platform, but also an ecosystem that promotes social connections, strengthens communities and promotes collaboration.
MACH AVS: A combination of security and efficiency: MACH is one of Cyber’s core products. As an Active Verification Service (AVS), it allows users to delegate ETH or LSTs through EigenLayer’s overlay mechanism. This mechanism not only provides fast transaction confirmation, but also detects any malicious network participants, ensuring the security of the entire ecosystem.
Advantages of MACH
Fast transaction confirmation: MACH provides a fast pre-confirmation layer to ensure the immediacy of transactions.
Economic security: Through economic collateral, MACH can effectively identify malicious actors in the network.
Decentralized verification: MACH implements decentralized verification of rollup status, improving overall reliability.
Double Collateral: Improve Token Utility
Cyber’s dual pledge mechanism allows users to stake other tokens while staking ALT and ETH. This mechanism not only increases the utility of ALT tokens, but also uses the security of ETH-related assets to ensure the operation of MACH. The recently launched reALT feature allows users to freely stake ALT across all LaunchPools without having to choose just one pool.
reALT’s reward mechanism
From June 17 to September 16, 2024, 50K CYBER tokens and 169K ALT tokens will be rewarded to reALT stakers who participate in the Cyber double staking pool. This means that stakers can receive rewards of CYBER and ALT tokens on the Cyber platform every month.
How to participate in Cyber’s staking plan: Stake CYBER tokens: On the Cyber platform, from June 17 to September 16, 2024, 450K CYBER tokens and 1.52M ALT tokens will be rewarded to CYBER token pledgers . Participants simply stake their CYBER tokens on the designated platform to receive rewards.
Staking ETH/LST: Users can also entrust their overlapping ETH assets to Cyber's MACH AVS, which not only improves the security of their assets, but also participates in the development of the entire ecosystem.
Conclusion
The launch of Cyber marks the future of social applications. Through cooperation with AltLayer, Cyber not only provides a safe and efficient platform, but also creates diverse participation opportunities for users. Whether by staking CYBER tokens or participating in overlapping staking of MACH AVS, this emerging ecosystem will bring generous returns to users.
As social applications continue to grow, Cyber will become the platform of choice for developers and users, promoting the development of social connections and communities. Let us look forward to the future of this innovative technology and seize the opportunity to participate in this potential ecosystem.