This article is an edited transcript of the identity panel hosted by Lit Protocol, with Ceramic, Spruce ID, and Disco, at CyberConnect 2023 New Year Summit. Learn more about the Summit here. You can see the highlights in quotes and italics. Video Recording https://www.youtube.com/watch?v=uU8W

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🤝 Get a Chance to Win $300 + 15x Domain🚀 HypoDrop and ZNS Connect are teaming up to bring you an incredible giveaway! 🎁 🏆 Prizes: 15 lucky winners will receive ZNS Domains 30 additional winners will get $300! 👇 Here's How to Enter: 1️⃣ Follow ZNSConnect and Hypodrop 2️⃣

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gm on-chain friends 👋

Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect.

Here’s everything we’ve been up to these past few weeks 👇🏼

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/c75d6d0ea7bfe6a3)
**900k CyberWallets 🤯 🚀**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/7e4385c4d801ddda)It’s been a wild ride so far and we’re thrilled to report that CyberWallet has now crossed [900k wallets](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) deployed. It’s a big milestone since our launch in August 2023 yet only a small step in our vision. Thanks to every CyberConnect community member for your support.

If you haven’t created your CyberWallet yet, you can do so by visiting [wallet.cyber.co](https://wallet.cyber.co/assets).

**Gasless Get-Together by CyberWallet & Base ⛽️ ❌**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/526ce7b01808c976)We teamed up with [Base](https://base.org/) to sponsor gas fees for all transactions done through CyberWallet on [Aerodrome](https://twitter.com/aerodromefi), [Seamless](https://twitter.com/SeamlessFi), [BaseSwap](https://twitter.com/BaseSwapDex) and [BasePaint](https://twitter.com/basepaint_xyz). This is an exciting experiment to see how gas-free transactions impact the user experience.

We would love for you to try it out and give us feedback on [X/Twitter](https://x.com/thecyberwallet/status/1750307608207241223?s=20).

The campaign ends in a few hours. [Try now.](https://bit.ly/3vOlnwZ)

**CyberWallet now Supports Mantle Network 🤝**

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/12255897879b008d)As part of our continued efforts to bring CyberWallet to even more users, we [recently announced](https://x.com/thecyberwallet/status/1747526934245028068?s=20) an integration with Mantle, a Layer 2 network on Ethereum.

More coming soon.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/15ddb3db5a099dee)
**Read 📖**

**Minting is the native business model for Web3 (and maybe AI too)**

We came across this [fascinating article](https://avc.xyz/minting-is-the-native-business-model-for-web3-and-maybe-ai-too) by Fred Wilson recently about how minting is a core engagement metric for web3 applications. Whether as a tool for fairly compensating all the different actors who contribute to creation, distribution and consumption of content in the age of AI, or for simply owning our own data, minting in web3 has far broader implications than what we may be exposed to currently.

Definitely recommend!

**Try 🛝**

**Farcaster Frames** 

The folks over at Farcaster have quickly ascended to capture the mindshare of the crypto industry with their recent launch of Frames, a crypto-enabled, interactive extension of Meta's OpenGraph standard that allows any web page to become a rich object in the social graph.

[Try this cookie ordering Frame.](https://warpcast.com/cookie/0x35bbc5a0)

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/c75d6d0ea7bfe6a3)**Base 🔵 🤝**

Muchas Gracias to our partners at Base for our continued collaboration as well as their support for the experiments we’re conducting to make web3 more user-friendly. We’re excited to see how ‘[Gasless Get-Together](https://bit.ly/3vOlnwZ)’ is received by users.

✌️✌️✌️

That’s all for this edition! See you later!

**Remember: On-Chain Friends Last Forever 🔗 ⭐️ 🥰**

— Team CyberConnect

*Thanks for sticking with us. If you like what you read, subscribe to this newsletter and follow us on [Twitter](https://twitter.com/CyberConnectHQ). Want to contribute? Join our vibrant community by clicking [here](https://discord.com/invite/cyberconnecthq) or dive into our developer docs [here](https://docs.cyberconnect.me/).*

**About CyberConnect**

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. [Messari](https://link3.to/messari), [Rarible](https://link3.to/rarible), [1inch](https://link3.to/1inch), [BNB Chain](https://link3.to/bnbchain), along with 3,000+ projects and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnecthq) | [Telegram](https://t.me/CyberConnect)

gm on-chain friends 👋 Welcome back to CyberLetter, our bi-monthly recap of all things CyberConnect. Here’s everything we’ve been up to these past few weeks 👇🏼 900k CyberWallets 🤯 🚀 It’s been a wild ride so far and we’re thrilled to report that CyberWallet has now crossed

CyberLetter #33: 900k+ CyberWallets, Mantle Network, and more!

As the blockchain and Web3 applications landscape continues to evolve, gas management across different ecosystems is becoming more of a hassle. That’s why we are excited to introduce **SmartGas**, an all-new gas balance system that redefines how users manage gas fees across multiple blockchains. With SmartGas, [CyberWallet](https://wallet.cyber.co) provides unparalleled convenience, cost-effectiveness, and security in your digital asset management.

### **What is SmartGas?**

SmartGas is the latest new feature within [CyberWallet](https://wallet.cyber.co), an ERC-4337 smart account, most suitable for a web3 citizen who uses a number Web3 applications across different blockchains. It empowers users to use a variety of tokens from different chains as gas, effectively breaking the barriers between blockchain networks.

**Key Features**

1. **Multi-Chain Convenience:** Perhaps the most striking feature of SmartGas is its ability to let users deposit native tokens from any chain* to pay for gas fees on another blockchain. For instance, one could deposit MATIC from Polygon into their SmartGas balance, which will then be reflected in its USD value at the time of deposit. That SmartGas balance can now be used for gas payment for a transaction on the Ethereum-based Optimism network. While you focus on your web3 experience, let CyberWallet handle the currency conversion.

2. **Eliminating Swap Fees:** Traditionally, converting tokens between different chains incurs significant swap fees. SmartGas eliminates this need, allowing users to maintain their assets in their original form while still enabling cross-chain functionality. This feature is not only cost-effective but also time-efficient, streamlining the process of managing different tokens.
Soon, with CyberWallet, users will be able to enable customizable security features like transaction limits, passkeys, etc.

3. **Enhanced Security:** One of the inherent risks in cryptocurrency and token management is security, especially in hot wallets. SmartGas offers additional security by having your CyberWallet manage the gas fee payments and your EOA (MetaMask etc.) simply be a depositor. Soon, with CyberWallet, users will be able to enable customizable security features like transaction limits, passkeys, etc.

### **Why SmartGas is a Game-Changer**

SmartGas addresses several pain points in the current blockchain ecosystem:

- It simplifies the process of managing gas fees across different blockchains.
- Reduces the cost and complexity of token management.
- Provides a secure and user-friendly platform for managing digital assets.

In essence, SmartGas is not just a feature; it's a step towards a more integrated, efficient, and user-centric blockchain ecosystem.

Whether you are a casual user or a blockchain enthusiast, SmartGas is poised to enhance your Web3 experience significantly.

Stay tuned for more updates and dive into the future of blockchain transactions with SmartGas and CyberWallet.

**About CyberWallet**

CyberWallet is a user-friendly smart contract wallet available on leading EVM blockchains, including Optimism, Arbritrum, Base, and others. To learn more, visit [wallet.cyber.co](https://bit.ly/3svmoIZ).

[Website](https://bit.ly/3svmoIZ) | [Twitter](https://twitter.com/thecyberwallet) | [Link3](https://www.link3.to/wallet)

As the blockchain and Web3 applications landscape continues to evolve, gas management across different ecosystems is becoming more of a hassle. That’s why we are excited to introduce SmartGas, an all-new gas balance system that redefines how users manage gas fees across multiple blockchains. With

Effortless Crypto Transactions with SmartGas

Beyond Finance: Identity, Reputation, and Web3 - A Panel at CyberConnect 2023 New Year Summit - Recording&Transcript

We’re excited to announce the launch of [Cyber](https://cyber.co/), a Social Layer 2 with restaking, and introduce the CYBER Season 2 Rewards. The launch of Cyber L2 introduces CYBER Staking, a transformative feature that enables users to stake CYBER tokens, thereby securing the network by adding additional nodes to process transactions, earning voting rights in CyberDAO and receiving economic rewards.

We invite our dedicated community members and CYBER holders to participate in the CYBER Season 2 campaign by staking their CYBER. Early participants can earn up to 1M CYBER available as rewards.

# **[CYBER Season 2 Campaign](https://www.cyber.co/stake)**

## Stake Your CYBER

Stake your CYBER to accumulate points. The campaign starts on March 8th and continues until the launch of the Cyber mainnet. You’ll not be able to unstake before the Cyber mainnet. You’ll be able to unstake your CYBER shortly after the Cyber mainnet goes live. The launch of the Cyber mainnet is planned to coincide with the EigenLayer mainnet, targeted for the second quarter of 2024.

### Earn Through Referrals

Invite your friends to get 15% of the staking points from those you directly invite and 5% from second-degree invitees (those invited by the people you invited). Your referral code can be used multiple times.

### Boosters

You can unlock different levels of boosters to receive a boost on your total points.

- **Check-in Booster:** Check in daily to earn a booster on your total points. Checking in for 90 consecutive days earns you a 9% boost on your rewards.
- **Season 1 FanClub Booster:** This booster is designed for our community members who have unused Season 1 FanPoints. If you have ≥2000 and <5000 unused FanPoints, you’ll receive a 1.5% boost. If you’re holding over ≥5000 unused FanPoints, you’ll receive a 3% boost on your total points.
- **Community Booster:** Engage with our community by participating in quests and activities. These events unlock additional booster levels. Join our [Discord](https://discord.gg/cyberconnecthq) to stay updated on upcoming community quests.

### Rewards

A total pool of 1M CYBER community rewards is available to reward our dedicated community members for their engagement and support. The total 1M reward pool gradually unlocks as the amount of CYBER staked reaches each milestone.

### Season 1 Point Redemption

Season 1 was an unforgettable journey with remarkable campaigns. Participants can now convert points from the CyberTrek, Pre-Season 2 CyberWallet Beta Launch, and [The SuperNova campaigns](https://wallet.cyber.co/supernova) into CYBER rewards. Users with unused Season 1 FanPoints can also convert them into Season 2 points.

- CyberTrek participants can exchange CyberPoints for CYBER on a 1:1 basis.
- Pre-Season 2 CyberWallet Beta Launch participants can exchange points for CYBER at a ratio of 1000:0.8.
- 1000 randomly selected participants who minted the SuperNova NFT will receive 1 CYBER each.
- Users with unused Season 1 FanPoints can convert these into Season 2 points at a ratio of 2:1.

Please visit the [campaign website](https://www.cyber.co/stake) to claim your rewards and join the Season 2 participant community. We appreciate your continued support and involvement.

# [CYBER Staking](https://docs.cyber.co/cyber-l2/overview/cyber-token/staking)

### Governance

CYBER stakers along with CYBER holders can propose and vote on governance proposals on the use of community treasury, protocol upgrades, and council members.

### Network Security

Sequencers are at the core of a Layer 2 network, a centralized sequencer could have a negative impact, such as censoring user transactions, creating a single point of failure, and creating harmful MEVs. Cyber L2 utilizes EigenLayer’s [Actively Validated Services](https://docs.eigenlayer.xyz/eigenlayer/overview/key-terms) (AVS) to build up the fundamental decentralized infrastructures such as sequencer, verifier, and CyberDB. Staked CYBER and restaked ETH are utilized as delegations to different AVS operators running these infrastructures, and a slashing mechanism is implemented to ensure operational integrity, optimize performance and maximize network security.

### Economic Rewards

![](https://miro.medium.com/v2/resize:fit:1400/1*XkasPcqg-MP5RWrvJpttmA.png)

**CYBER stakers can expect four types of rewards:**

1. **CYBER Season 2 Rewards:** To enhance network security and reward early loyal members of the Cyber community, 1,000,000 CYBER will be allocated to those who stake CYBER during the Season 2 Campaign.
2. **Ecosystem Airdrop:** As the Cyber ecosystem continues to thrive and expand, CYBER stakers enjoy the potential benefits of receiving airdrops from the ecosystem.*
3. **Network Revenue Sharing:** The staked CYBER are delegated to Actively Validated Services (AVS) operators through EigenLayer. In return, CYBER stakers will share the revenue from these services.
4. **CYBER Staking Incentives:** To ensure ample rewards for CYBER stakers initially and long-term sustainability, a Staking Incentive of 5.5M CYBER has been specifically designed.

For more details about CYBER staking, please visit: [https://cyber.co/stake](https://cyber.co/stake)

**Unless stated otherwise, rewards are provided by third-party dApp developers and not by Cyber DAO. Rewards are not guaranteed with CYBER staking and are subject to change at any time. Your claiming and/or use of any rewards is at your sole risk. Cyber DAO is not responsible for any damages or losses related to rewards.*

# Join the CYBER Season 2 Campaign

Get ready to stake, earn, and contribute to our governance. Visit our website to start, redeem your points, and participate in the CYBER staking program. Welcome to Season 2!

If you have any other questions or inquiries, please feel free to reach out to our support team on [Discord](https://discord.gg/cyberconnecthq). Follow us on Twitter/X [@CyberConnectHQ](https://twitter.com/CyberConnectHQ) for more updates.

*This series is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any Cyber, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law*

# 

### Frequently Asked Questions:

**Q: How do I earn points in Cyber Season 2 Rewards?**

**A:** You can accumulate points by staking CYBER tokens. Additional points are available by referring others to stake CYBER. Participation in our community events and attaining retroactive community status can also unlock various booster levels.

**Q: What benefits do I get from inviting others to stake CYBER?**

**A:** You earn extra points based on your invitees’ staking points. You’ll receive 15% of the staking points from your direct invitees and 5% from your second-degree invitees (those invited by your invitees). Your referral code can be used an unlimited number of times.

**Q: When can I unstake CYBER?**

**A:** You can unstake your CYBER shortly after the launch of the Cyber mainnet. The unstake process, which is at a CYBER holder’s discretion, will take 21 days. The Cyber mainnet is planned to launch simultaneously with the EigenLayer mainnet, targeting the second quarter of 2024.

**Q: How are CYBER Season 2 Rewards distributed to stakers?**

**A:** A total of 1M CYBER Season 2 Rewards will be distributed to CYBER stakers shortly after the mainnet launch. Stakers will receive a proportionate allocation of the total CYBER rewards based on their points.

**Q: There was a milestone system to unlock CYBER rewards. How does it work?**

**A:** There’s no longer a milestone system. All 1M CYBER reward has already been unlocked and is currently available to be shared among stakers.

**Q: Should I keep my CYBER staked after the campaign ends?**

**A:** Yes, after the campaign concludes, CYBER stakers can continue to participate in governance and earn a variety of economic rewards. These include ecosystem airdrops, sharing of network revenues, and CYBER staking incentives. Learn more about the upcoming benefits of CYBER staking [here](https://docs.cyber.co/cyber-l2/overview/cyber-token/staking).

We’re excited to announce the launch of Cyber, a Social Layer 2 with restaking, and introduce the CYBER Season 2 Rewards. The launch of Cyber L2 introduces CYBER Staking, a transformative feature that enables users to stake CYBER tokens, thereby securing the network by adding additional nodes to

Welcome to CYBER Season 2 Rewards

*TL;DR*

✧ Users can now start staking BNB, TUSD, and FDUSD to farm CYBER tokens on Binance Launchpool.

✧ CYBER token trading will begin August 15, 2023, at 12 PM UTC.

✧ Season 1 of Community Rewards begins the same day as CYBER trading on Binance. A total of 2.4M CYBER will be available for claiming by the earliest adopters and community members.

***

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identities, content, connections, and interactions.

The current social network landscape is dominated by a limited number of centralized, profit-driven corporations, whose primary focus is their own financial interests. This creates an ecosystem that unfairly monetizes user data and hinders innovation, preventing developers from introducing new and innovative social products and features.

Beginning in 2021, CyberConnect aims at challenging this status quo by establishing a community-owned social network that offers users ultimate control over their digital lives free from centralized and biased tech.

Just last week, CyberConnect took web3 by storm with [CyberTrek](https://link3.to/cybertrek), a two-month-long campaign to bring the power of ERC-4337 and account abstraction to users. In just a matter of a few days, CyberConnect is already [the biggest smart contract account provider](https://dune.com/cyberconnecthq/cyberaccount-cyberconnects-4337-smart-account) and a market leader in this new, emerging space.

Building on this momentum, we are thrilled to share that CyberConnect protocol’s native utility and governance token, [CYBER is now available on Binance Launchpool](https://www.binance.com/en/support/announcement/introducing-cyberconnect-cyber-on-binance-launchpool-farm-cyber-by-staking-bnb-tusd-and-fdusd-7d1f62e7483d406584a754a38094358a), and users can start staking BNB, TUSD, FDUSD into separate pools to farm CYBER over the next 30 days.

CYBER will be available for trading on Binance starting **August 15, 2023, at 12 PM UTC**.

To learn more about Binance Launchpool and the upcoming listing of CYBER, click [here](https://www.binance.com/en/support/announcement/introducing-cyberconnect-cyber-on-binance-launchpool-farm-cyber-by-staking-bnb-tusd-and-fdusd-7d1f62e7483d406584a754a38094358a).

## Community Rewards: Season 1

At CyberConnect, we are on a mission to empower users to create long-lasting on-chain connections through the power of web3. CYBER token and CyberDAO are crucial steps in fully succeeding in that mission by entrusting a decentralized community with control over the future use of the community treasury and all core upgrades to the protocol’s infrastructure.

Thanks to our dedicated community of early adopters, we’ve made significant progress toward this mission over the past two years.

We’re excited to introduce Season 1 of CyberConnect Community Rewards to recognize the support of our earliest adopters and community members.

- Community Rewards Season 1 claiming will begin **August 15, 2023, at 12 PM UTC**.

- Users can check their eligibility starting **August 4, 2023**.

- A total of 2.4% of the total supply (2,400,000 CYBER) will be available for claiming.

- Holders of the following are eligible for claiming rewards in Season 1: 

✧ Mystery Box ([ETH](https://etherscan.io/address/0xce4f341622340d56e397740d325fd357e62b91cb), [BNB](https://bscscan.com/address/0xcadc6c364e8fcad0f382fddfd6ff5b41d82eb3e4))

✧ The Shards ([ETH](https://etherscan.io/address/0xd9c225efcc4162173a7369a14fd559de4e4aadae), [BNB](https://bscscan.com/address/0xf1d9a02674a7a45dc4d5cdd5da330f6a989f77d5))

✧ Mini Shards ([BNB](https://bscscan.com/address/0x1bc274c3b3b24cef54d01aeeb9ffc73ac0b68936), [Polygon](https://polygonscan.com/token/0x49253c64e6fa46d299177b8a94ae49d2f82c5c95#balances))

✧ W3ST

✧ [CyberProfile Early Adopter NFT](https://bscscan.com/token/0xdFf431165c232090ab28B476b5f7F3995c84CF7C)

✧ CyberProfile Premium Handle (11 Characters or Lower)

Specific reward guidelines will be shared on Aug 4, 2023. Stay tuned on our [Twitter](https://twitter.com/CyberConnectHQ), or keep an eye on [Link3](https://link3.to/).

**Things to Remember:**

- A snapshot has already been taken at 6 AM UTC on August 1, 2023, for the existing holders of the above-mentioned NFTs, and transferring has been suspended. **Please do not attempt to transfer NFTs, as it will result in a loss of gas fee.**

- Opening an unopened Mystery Box will have no effect on the reward distribution. **Please do not attempt to open Mystery Box as it will result in a loss of gas fee.**

- Unclaimed Mystery Boxes, Mini Shards, and W3ST will be automatically airdropped to users’ wallets. **Please do not claim them as it will result in a loss of gas fee.**

- CyberTrek and CyberConnect FanClub will suspend NFT rewards and transition into a new points system called **CyberPoints**. 

- FanClub Raffle Week #21 will run normally; NFTs will be airdropped to winners automatically and counted towards Season 1 Community Rewards.

- All progress made with CyberPoints on CyberTrek and FanClub will be considered for future seasons of community rewards.

- Community Rewards Season 1 will be available to claim at [cyber.co](https://www.cyber.co/).

- CYBER purchased during the CoinList public sale will also be available on **August 15, 2023, at 12 PM UTC.**

## Season 2: Soon

Season 1 of Community Rewards is just the beginning. There will be several more seasons.

With CyberTrek’s impressive success in its first week, we’re sure we’re onto something special. Season 2 will specifically reward the earliest adopters and ambassadors of CyberAccount and the upcoming CyberWallet. Be sure to meet the minimum top-up requirements to be eligible.

All activity after 6 AM UTC on August 1, 2023, will be considered for Season 2.

## Updated Token Distribution

CyberConnect protocol’s native utility and governance token CYBER can be used for the following functions:

- **Governance**
CYBER token holders have voting power and can delegate their voting power to others. Protocol improvements are decided based on voting power.

- **Payment for CyberID**
[CyberID](https://link3.to/cyberconnect/post/92e4477c7833a3e8a793c14e8ec884421a5c30edc9afb06d5ce2177ff22c074a) is an ERC-721 token that represents a unique handle for users’ accounts in the CyberConnect social network. CYBER will be used for payment when purchasing CyberID.

- **CyberAccount Gas**
CYBER will be used as the price meter and means of payment for gas fees for all transactions within CyberAccount across EVM-compatible chains.

More CYBER use cases shall be introduced by CyberDAO.

Since the conclusion of the [CYBER public sale](https://link3.to/cyberconnect/post/d430762b4c4a220decb9e8875db78f9af741699774d483d11b9c7203b1582e36) on CoinList, we’ve updated the token distribution.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/bf889a16be9636c2)![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/20c313b99ea6f70a)

Read [this ](https://research.binance.com/en/projects/cyberconnect)to learn more about CYBER’s utility.

## About CyberConnect

[CyberConnect](https://cyberconnect.me/) is a web3 social network that enables developers to create social applications empowering users to own their digital identity, content, connections, and monetization channels. Messari, Rarible, 1inch, and BNB Chain, along with 2,500 projects, and 1.2M users and creators are building long-lasting connections through apps built on CyberConnect.

**Join CyberConnect Community**

[Website](https://cyberconnect.me/) | [Docs](https://docs.cyberconnect.me/) | [Twitter](https://twitter.com/CyberConnectHQ) | [Discord](https://discord.gg/cyberconnect) | [Telegram](https://t.me/CyberConnect)

TL;DR ✧ Users can now start staking BNB, TUSD, and FDUSD to farm CYBER tokens on Binance Launchpool. ✧ CYBER token trading will begin August 15, 2023, at 12 PM UTC. ✧ Season 1 of Community Rewards begins the same day as CYBER trading on Binance. A total of 2.4M CYBER will be available for c

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