CYBER has gained significant attention since its launch, thanks to its growing and enthusiastic community. Transparency is the foundation of a sustainable and enduring community. We have consolidated all information regarding token contracts and distribution particulars within this post aiming to pr

Stablecoins have become essential to the cryptocurrency ecosystem, providing a stable and reliable means of transferring value between digital assets and traditional finance. However, the problems of censorship risk, loss of peg, and decaying confidence in fiat-backed stablecoins have raised concerns among the crypto community. The UNO stablecoin, the first StarkNet-native stablecoin, aims to solve these problems and become the stablecoin of choice within the StarkNet ecosystem. In this blog post, we will introduce UNO and discuss how UNO plans to achieve this goal.

![](https://miro.medium.com/v2/resize:fit:1400/0*Y4nGbUaZMSCkzO9t)

## What is UNO?

UNO, to be launched soon by [Nostra Finance](https://nostra.finance/), is a stablecoin pegged to the US dollar and fully backed by high-quality censorship-resistant crypto assets. It is built on the StarkNet network, a Layer-2 scaling solution for Ethereum. UNO aims to provide a stable, secure, and censorship-resistant means of transferring value within the StarkNet ecosystem. It is fully decentralized, both back-end and front-end, and is fully audited for security.

## UNO’s Solution to Stablecoin Problems

## - Loss of Peg:

Stablecoins face the risk of losing their peg, either upward or downward. UNO plans to mitigate these risks by increasing the use cases of UNO for borrowing and swapping. This will provide liquidity and demand for the stablecoin, reducing upward-pegging risks. To mitigate downward pegging risks, UNO will be over-collateralized, and a robust liquidation mechanism with responsible parameters will be implemented.

## - Censorship Risk:

Censorship risk is a significant concern for stablecoins, as many are backed by fiat currencies subject to government regulation and control. UNO plans to address this risk using immutable contract deployment, uncensorable assets, and non-US domiciled core contributors.

## Mechanisms:

UNO is pegged to the US dollar. The stability of the peg is maintained through the minting and redemption mechanisms.

![](https://miro.medium.com/v2/resize:fit:1400/0*P1_QS7pwX0GiWYeq)

## - Minting

UNO is minted through Nostra’s Money Market’s collateralized borrowing, where users deposit ETH tokens into their Nostra account to use as collateral, which is converted into iETH-c tokens. For every UNO borrowed, it is automatically minted via UNO’s fully decentralized smart contracts, and users need to maintain their account’s Health Factor above Nostra’s Health Factor Threshold to avoid liquidation.

## - Burning

When UNO is returned, it is immediately burnt via its fully decentralised smart contract.\ There are two methods of returning minted UNO:_\*\*_
- User repays borrowed UNO tokens in Nostra and gets their collateral back.\ - User gets liquidated, the liquidator repays the UNO debt and receives collateral.

## - Fees

The following fees may be applicable:\
- A percentage of the collateral interest received.\
- Fee to be paid when an account is liquidated.

[Read the mechanisms in detail on the Nostra docs](https://docs.nostra.finance/uno/mechanisms)

## Features:

## - Crypto-Backed:

UNO is fully backed by high-quality censorship-resistant crypto assets, providing transparency and security for users.

## - Earn-to-mint

Your ETH collateral is deposited to the Nostra Money Market to earn interest while you borrow UNO

## - Over-Collateralized:

UNO is over-collateralized, reducing the risk of loss of peg and providing stability for users.

## - Decentralized:

UNO is fully decentralized, making it resistant to censorship and government intervention.

## Use Cases

UNO is positioning itself as the preferred stablecoin for the Starknet ecosystem, offering various use cases to boost the growth of Starknet and DeFi adoption.

![](https://miro.medium.com/v2/resize:fit:1400/format:webp/1*MOPm2h9aUWMM-VaLBXvJsg.png)

To sum up, UNO is a promising stablecoin that aims to solve the problems of censorship risk, loss of peg, and decaying confidence in fiat-backed stablecoins. By using high-quality censorship-resistant crypto assets, over-collateralization, and a robust liquidation mechanism, UNO provides stability and predictability for users. Using immutable contract deployment and having non-US domiciled core contributors also ensures that UNO is resistant to censorship and government intervention. UNO is a significant step forward for the stablecoin ecosystem and could potentially become the stablecoin of choice within the StarkNet ecosystem.

## What is Nostra?

Nostra is a comprehensive decentralized finance (DeFi) platform, composed of three main products which make up its Liquidity Layer, including Nostra Money Market, UNO (the first stablecoin native to Starknet), and Nostra Swap (a DEX for stablecoins). Individuals can participate in various activities such as lending, borrowing, and crypto swapping.

This is a brief summary of the UNO stablecoin. To learn more about Nostra Finance and UNO, please visit [this link](https://docs.nostra.finance/start-here/what-is-nostra).

Website: [https://nostra.finance](https://nostra.finance/)

Twitter: <https://twitter.com/nostrafinance>


Stablecoins have become essential to the cryptocurrency ecosystem, providing a stable and reliable means of transferring value between digital assets and traditional finance. However, the problems of censorship risk, loss of peg, and decaying confidence in fiat-backed stablecoins have raised concern

UNO Stablecoin: Introduction

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

**🤝💼 Exciting Partnership Announcement! 🚀**

We are thrilled to announce a collaboration between ZNSConnect and Towerdefi!

**🛡️ ZNS Connect:** Simplifying Web3 interactions with user-friendly names and seamless transactions.

**🏰 TowerSwap:** A decentralized exchange for everybody - swap, farm, stake, and earn on its intuitive platform**.**

Together, we aim to enhance the Web3 experience and unlock new possibilities in decentralized finance! 🌐🌟

This partnership aims to unlock new possibilities in decentralized finance and create a more user-centric ecosystem.

**[https://twitter.com/ZNSConnect/status/1684455100901621760](https://twitter.com/ZNSConnect/status/1684455100901621760)**

**#ZNSConnect #TowerSwap #Partnership #Web3 #DecentralizedExchange #DeFi**



🤝💼 Exciting Partnership Announcement! 🚀 We are thrilled to announce a collaboration between ZNSConnect and Towerdefi! 🛡️ ZNS Connect: Simplifying Web3 interactions with user-friendly names and seamless transactions. 🏰 TowerSwap: A decentralized exchange for everybody - swap, farm

Collaboration between ZNSConnect and Towerdefi

CYBER has gained significant attention since its launch, thanks to its growing and enthusiastic community. Transparency is the foundation of a sustainable and enduring community. We have consolidated all information regarding token contracts and distribution particulars within this post aiming to provide further transparency for CyberDAO.

As previously communicated, there are 11,038,000 CYBER tokens currently in circulation out of a total supply of 100,000,000 tokens. Here's a breakdown of the remaining 88,962,000 tokens that are not yet in circulation:

**Public Sale Managed by CoinList - 2,250,000 Tokens Not in Circulation**

- There are 3,000,000 CYBER for public sale (on ETH). The link below is the transfer to CoinList, who will manage the subsequent unlocking. 25%, or 750,000 CYBER, were unlocked upon TGE, and the remaining 2,250,000 CYBER are still locked. [https://etherscan.io/tx/0xb4533bf9fc4ee480b5b242118da9138bb2601ae69dc0588838979ef95d918dd9](https://etherscan.io/tx/0xb4533bf9fc4ee480b5b242118da9138bb2601ae69dc0588838979ef95d918dd9)

**Unvested Tokens Held by [Ceffu Custody](https://www.ceffu.com/) - 40,892,000 Tokens Not in Circulation**

- 34,292,000 CYBER on ETH (Team 15M + Unvested Developer Community 9.5M + Unvested Community Treasury 9.792M) will be escrowed in Ceffu Custody for lock-up, and Ceffu will release vested CYBER to respective parties. The transfer will be made once the Ceffu escrow account setup process is complete. [https://etherscan.io/address/0x36f405d5f2a228b755cfb5191fcb0eba1b55f497](https://etherscan.io/address/0x36f405d5f2a228b755cfb5191fcb0eba1b55f497)
- 6,600,000 CYBER for future community rewards (on Optimism) are also subject to the above custodial arrangement. [https://optimistic.etherscan.io/address/0x07c7ee9c065ff2bee1b3f433da2704a28414e57a](https://optimistic.etherscan.io/address/0x07c7ee9c065ff2bee1b3f433da2704a28414e57a)

**Unvested Tokens Locked in Vesting Smart Contracts - 45,820,000 Tokens Not in Circulation**

- **Ecosystem Partners**: 7,200,000 unvested CYBER tokens allocated to Ecosystem Partners are locked up. [https://etherscan.io/address/0xb2bbfc07948fedeb5935316203c33ce70bef57d0](https://etherscan.io/address/0xb2bbfc07948fedeb5935316203c33ce70bef57d0)
- **Private Sale**: 25,120,000 unvested CYBER tokens are under Private Sale allocation and are all locked up. [https://etherscan.io/address/0xc0af6b8f188ade028a552ba7d778e896845922c9](https://etherscan.io/address/0xc0af6b8f188ade028a552ba7d778e896845922c9)
- **Early Integration Partners**: 4,500,000 unvested CYBER tokens set aside for Early Integration Partners are locked up. [https://etherscan.io/address/0xdb67d7738871e4e888848e307b9f666fb526f794](https://etherscan.io/address/0xdb67d7738871e4e888848e307b9f666fb526f794)
- **Marketing**: 9,000,000 unvested CYBER tokens reserved for marketing purposes are locked up. [https://etherscan.io/address/0xcc30bb544864137c213cd6629b7eb3a03af3b2c9](https://etherscan.io/address/0xcc30bb544864137c213cd6629b7eb3a03af3b2c9)

Thus, 88,962,000 CYBER are not in circulation and all of their respective addresses are listed above for the community to track. You can also reference the token release schedule [here](https://research.binance.com/en/projects/cyberconnect).

Going forward, CyberDAO will manage the Community Treasury category of a total of 10,880,000 CYBER. The usage of vested Community Treasury is safely managed by a multi-sig wallet. The upcoming DAO proposal will elect the signers to access the vested Community Treasury in this wallet. The 1,088,000 CYBER vested upon TGE is safely stored here. [https://etherscan.io/address/0x360227bF3F27cdD493D6f90b20c1a4cB8f4E1898](https://etherscan.io/address/0x360227bF3F27cdD493D6f90b20c1a4cB8f4E1898)

In the world of blockchain, transparency is paramount. Governed by a decentralized community and powered by smart contracts, CyberDAO is on a journey to strengthen over time. As we stand at the beginning of the Web3 revolution, together we'll reshape the internet, reclaim ownership of our data, content, and value.

**Legal Disclaimer**

*NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS, OR TAX ADVICE, AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISORS BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER CYBERCONNECT, ANY OF THE PROJECT TEAM MEMBERS, NOR PROJECTS TO DEVELOP CYBERCONNECT IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF CYBER (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER THAT YOU MAY SUFFER IN CONNECTION WITH ACCESSING THE TOKEN DOCUMENTATION, THE WEBSITE AT [HTTPS://CYBERCONNECT.ME/](HTTPS://CYBERCONNECT.ME/) (THE WEBSITE), OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY CYBERCONNECT.*

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