Introducing Cyber Restaking & Dual-Stake Model
We are excited to announce Cyber Restaking, an innovative feature powered by EigenLayer and liquid restaking protocols. This feature enables users to participate early in ETH restaking via the dual-stake model on Cyber L2, the first restaked Ethereum Layer 2 for social and mass adoption. Starting from April 9th, users can deposit Liquid Restaking Token (LRT) assets from Renzo (ezETH), Puffer Finance (pufETH), and ether.fi (weETH), to begin earning Cyber Restaking Points.
Cyber Restaking Points
Cyber Restaking Points is designed to incentivize early stakers and communities that help bootstrap native liquidity to Cyber L2 from day one. Users can earn yield and points on their deposits, including ETH staking yield, ETH restaking yield, EigenLayer points, LRT points, and Cyber Restaking points.
As a staker, any staked amount less than 2 ETH (pufETH, weETH, ezETH) will earn you double points per day. Additionally, with referral, you will receive 15% of the restaking points from your invited friends (direct referral), and 5% of your friends’ invites (2nd degree referral).
Moreover, users can withdraw their assets at any time without any waiting period, retaining all earned points and yields.
Cyber Dual-Stake Model
Cyber L2 utilizes EigenLayer’s Actively Validated Services (AVS) to develop essential decentralized infrastructures such as the sequencer, verifier, and CyberDB. It employs a dual-stake model to establish a secure decentralized node network.
This model uses both the CYBER and EigenLayer’s restaked ETH to bolster network security through staking. In exchange, stakers will programmatically share the revenue from these services. As the first step, Cyber will ultilize EigenDA’s scalable and cost-effective DA solution to unlock the new waves of on-chain web3 social experience. More details can be found here.
How to Get Started
A month ago, we introduced the CYBER staking program. Since then, we have accumulated over 3.2M staked CYBER tokens (worth approximately $40M) and have attracted over 43K stakers. This has helped bootstrap native liquidity and security for Cyber L2 in preparation for Cyber mainnet launch.
Today, we’re launching the Cyber restaking program with our initial batch of LRT partners: Renzo, Puffer, and EtherFi. We invite you to participate in dual-staking from the beginning. Please visit https://cyber.co/restake to deposit your LRT assets. If you have any queries, join us on Discord or refer to the FAQ below for commonly asked questions.
About Cyber
Cyber (https://cyber.co/) is the first restaked Ethereum 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 on-chain ecosystems.
FAQ
Q: What is LRT?
A: LRT, or Liquid Restaking Token, allows users to stake their ETH to accrue staking rewards and automatically restake their ETH in EigenLayer. LRT enjoys the both benefits of staking and restaking yield, and the liquidity to explore other opportunities within the ecosystem.
Q: How do I earn points in Cyber restaking?
A: You can accumulate points by restaking LRTs. Additional points are available by referring others to restake.
Q: What benefits do I get from inviting others to restake LRT?
A: You earn extra points based on your invitees’ restaking points. You’ll receive 15% of the restaking points from your direct invitees and 5% from your second-degree invitees (those invited by your invitees). Your referral code can be used for an unlimited number of times.
Q: When can I withdraw LRT?
A: You can withdraw any time and keep the points and yield already earned, without any waiting period.
Q: Where is the reward coming from?
A: The reward comes from native ETH staking yield + restaking yield from EigenLayer (including rewards for running AVS to power Cyber L2) + EigenLayer points + LRT points + Cyber Restaking points.
Here’s how Cyber Restaking Points are calculated:
The restaked amount lower than 2 ETH (pufETH, weETH, ezETH, the same below) can get 24,000 points per day per ETH, and the amount higher than 2 ETH can get 12,000 points per day per ETH. And also, You will receive 15% of the restaking points from your invited friends (direct referral), and 5% of your friends’ invites (2nd degree referral).
For example, the points for a user restaking 3 weETH for 90 days are 2×90×24,000 + 1×90×12,000 = 5,400,000.
EigenLayer points and native rewards are distributed pro-rata by their platform. For information on protocols’ point distribution and your points, see below links.
- Eigen Layer Points: doc; points dashboard
- Renzo Points: doc; points dashboard
- Puffer Points: doc; points dashboard
- Ether.Fi Loyalty Points: doc; points dashboard
Q: Is there a minimum deposit amount to earn Points?
A: There is no minimum deposit requirement to earn Cyber Restaking Points.
