Written by: Haotian
What do you think of @BuildOnCyber protocol upgrade to a layer2 public chain focused on social networking - Cyber? After completing a series of staking and restaking community incentive activities, CyberConnect, a new social public chain built on OP Stack, was officially launched. What potential impact will the new chain Cyber bring? Next, I will briefly share my views:
1) Social blockbuster applications, especially the phenomenal SocialFI, have always been coveted by major chains. How social blockbuster applications are built and when they appear are all like random "emergence" events, and even if they suddenly become popular, they cannot escape the curse of a short life cycle. In my opinion, this is due to the past development of Social. Either like Farcaster and Lens, the overall architecture of the communication protocol layer is transformed, and the application can only be integrated by the adaptation of other chains and applications; or like Friendtech, Degen, etc., they can only be driven by applications and communities, and ultimately they will not be sustainable due to the burden of the economic model.
Perhaps the optimal solution for creating popular social applications is to focus on user experience and design user retention mechanisms for the C-end, and to encourage developers to build exclusive social chains for the B-end.
2) Cyber quickly entered the layer2 field to create a dedicated social chain, drawing on the strengths of many other technologies:
1. Choose to build on OP Stack and join the Optimism super chain family. Fast chain startup is just a superficial phenomenon. More importantly, it can connect to the resources behind the OP Stack alliance and share users and liquidity (potential airdrops).
2. Altlayer-based RaaS service realizes flexible integration of DA data availability outside of Ethereum, which can significantly reduce application construction and operation and maintenance costs in the early stage;
In addition, Cyber's own CyberConnect protocol social graph, CyberDB decentralized storage solution, account abstraction (AA), Passkey, WebAuth and other identity authentication methods, as well as Paymaster Gas payment and other functions are all very helpful in attracting developers to develop applications. The key is that a social chain must have a low user entry threshold and optimized product experience. When the chain becomes a unified entry layer, the original CyberConnect unified decentralized identity (DID) mechanism will be magnified and become a strong label for its social entry.
3) The reason why Cyber is upgrading from a decentralized social protocol to a chain is essentially to further gather a wider range of resources through the bottom layer of the chain. For example, when it is finally upgraded to EigenDA, the new Cyber chain will have a continuous asset gain gameplay in Staking and Restaking.
Not only did it adopt the AVS security consensus layer, but it also introduced a re-staking mechanism, introducing LRT assets such as ETH, stETH, ezETH, and pufETH to the Cyber chain. It realized the implementation of the story told by Eigenlayer as a practical use case, and at the same time, through the dual-staking model, it found a new application scenario for CYBER Token to maintain the security consensus of the chain, which is equivalent to upgrading the token model.
In short, CyberConnect’s new brand story of upgrading from a protocol to a chain will obviously produce a “gain” effect.
Although the impression of "social chain" may ultimately have to rely on the birth of several phenomenal social applications to deepen, Cyber's linkage with the OP Stack super chain, the Eigenlayer AVS re-staking model, and the depiction of a new entry layer story for its Cyber DID will also lay the foundation for the development of its social chain through imagination space in the short-term resource aggregation narrative.
