Wallets are the cornerstone of the crypto ecosystem. They serve as the primary interface for users to interact with blockchain-based applications and manage their digital assets. But despite their critical role, traditional crypto wallets are complex to use and present a high barrier for entry for n

What are Smart Contract Wallets?

Before we begin, a big thank you to the builders who contributed to this article: Christina Beltramini (Lens), Alex Comeau & David Finkelstein (Airstack), Abhi Raheja (CyberConnect), Dan Romero (Farcaster), Billy Luedtke (Intuition), Helena Gagern (Salsa), and Suji Yan (Mask Network) Introduction

Web3 Social Part II: Unpacking the Stack

Earn free crypto by participating in Link3 events! Set up your Link3 profile, explore events, and claim W3ST as your proof of participation. In today's digital world, social media platforms are vital for connecting with web3 projects and communities, but often, we end up feeling like mere spectator

How to Engage with Link3 Events to Earn Free Crypto & Rewards 

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 👇🏼 GM Istanbul 🇹🇷 ✨ We’re on the ground in Turkey, all set for ETHDevConnect 2023! It's going to be a great time exch

CyberLetter #29: 🇹🇷 EthDevconnect and MocaID powered by CyberAccount ✨

Last month, we introduced CyberID, a web3-native digital social identity solution. One’s digital identity carries many aspects that reflect our personas in the real world. At CyberConnect, we like to think of identity in the context of your friendships, interactions, and transactions in a world po

What is CyberID and How to Mint Yours

2023 has undoubtedly been the year of account abstraction. Even though the concept is nowhere new, with early discussions dating back to the beginning days of Ethereum, the industry made its biggest leap this year in bringing working smart contract wallets to hundreds of thousands of users. Our tea

Building CyberWallet: Challenges and its Future

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 👇🏼 Meet CyberID: One Identity, across Blockchains 🔐 🪪 We’re excited to unveil CyberID, a unique handle for your CyberAc

CyberLetter #28: CyberID, Binance Investment and more

TL;DR CyberID is a tradeable, ERC-721 NFT carrying a unique handle owned and operated by a CyberAccount. It makes it easier for you to manage your multiple wallet addresses across blockchains while keeping things safe and simple. CyberID is also compatible with the Ethereum Name Service (ENS), and

Meet CyberID: Your Web3 Social Identity

Welcome to the Beginner’s Guide to Web3 Social! First things first: what’s centralized social media? These are the apps most people use every day; the Instagrams, Twitters, and Facebooks of the world. In centralized social media, users’ social data and connections are stored on centralized s

A Beginner’s Guide to Web3 Social

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 👇🏼 Community Rewards: Season 1 is Over 🚨 In the 30 days after the launch of Season 1, over 130k wallet addresses claimed 2.2

CyberLetter #26: Community Rewards Season 2, CyberAccount on Arbitrum

In this post, we will take a close look at the method of calculating profits and losses (PnL) used in the 1inch Wallet’s recent upgrade. For crypto traders and investors, accurate and up-to-date portfolio information is vital. Therefore, in the 1inch Wallet’s recently released new version for A

How 1inch calculates portfolio PnL

日本語 | 한국어 | Türkçe | Tiếng Việt | 中文 Helsinki, Finland, October 5, 2023 - Phaver, the gateway to Web3 social with support for decentralized social graphs such as Aave Company’s Lens Protocol and CyberConnect, plus various other on-chain assets like NFTs, announced it has clo

Phaver, one of the largest Web3 Social Apps, raises $7M to accelerate its growth

ZetaChain x ZNS CIS AMA

Decentralized Cloud Storage-Secured by Sapphire 

⛓Chain in Focus Ep2: Exploring Aleph Zero

Web3 Tokyo 2023

**Author**: [Hitesh Joshi](https://twitter.com/0xheyjo), with support from [Jacob Ko](https://twitter.com/jacobkxyz) & [Joseph Goh](https://twitter.com/josephgjh)

**Contributors**: [Arjun Chand](https://twitter.com/arjunnchand) ([LI.FI](https://li.fi/)), [Wee Howe Ang](https://twitter.com/TokkaLabs) ([Tokka Labs](https://tokkalabs.com/))

# Introduction

***Since its inception in 2018, Uniswap has consistently introduced groundbreaking innovations in decentralized finance. Uniswap v1 pioneered Automated Market Makers (AMMs) to facilitate token swaps; v2 introduced [Time Weighted Average Price (TWAP) oracles](https://blog.uniswap.org/launch-uniswap-v2); v3 brought about [concentrated liquidity within custom price ranges](https://blog.uniswap.org/uniswap-v3) and v4 introduced [Hooks](https://blog.uniswap.org/uniswap-v4), smart contracts that enable the creation of customized liquidity pools.***

***Uniswap’s latest innovation is UniswapX, an auction-based protocol that represents their foray into ‘user intents’ or ‘signed orders’ as Uniswap calls it in their whitepaper. UniswapX aims to deliver superior price discovery for user trades by aggregating both onchain and offchain liquidity, while also offering gas-free swaps. While many of the ideas in UniswapX already existed in some form (e.g. [Cowswap](https://swap.cow.fi/) and [1inch Fusion](https://1inch.io/fusion/) etc), having the DEX with the largest trading volumes ([$1.7T to date!](https://defillama.com/dexs/uniswap#:~:text=All%20time%20volume%241.776t)) weighing in with is a game-changer.***

***So, what is UniswapX, how does it work and what do we think about it? Read on to find out…***

### **What is UniswapX?**

UniswapX is a gas-free, auction-based protocol for swapping tokens. In our view, it’s Uniswap’s foray into user-intents / signed-orders and was built with improving user experience in mind.

It begins with taking an offchain order signed by a user and then runs that order through a two-step auction process. This is different to the current protocol where users must create and sign swap transactions and pay gas fees to execute those trades. Under the current system users are also subject to AMM slippage and MEV, putting them at risk of unexpected losses and worsening their overall trading experience.

It draws inspiration from [Cowswap](https://docs.cow.fi/overview/signed-orders) (Signed orders), [1inchFusion](https://docs.1inch.io/docs/fusion-swap/introduction), [MakerDAO](https://docs.makerdao.com/smart-contract-modules/dog-and-clipper-detailed-documentation), [Seaport](https://opensea.io/blog/articles/introducing-seaport-protocol) (Dutch Auctions), DEX aggregators (RFQ systems) and optimistic bridges (Nomad and Across) who already employ some of the bridging concepts covered in the UniswapX whitepaper.

In just under 5 months it [has done over $1B in volume](https://dune.com/flashbots/uniswap-x), despite being in beta and supporting a limited range of pairs & chains.

### **How UniswapX works**

To begin, a user signs an offchain order to signal their intent to transact / place an order. UniswapX then employs a two-stage auction to ensure efficient price discovery and optimal execution for that order.

![](https://lh7-us.googleusercontent.com/4jkmr2ENLDEHMx4akGW9xotbl4CaNGChH0PP9UHLlZ2h9S0FqLf0BnVP_Jl_TkU6TmNt8FGMRsirG_vp9ahXNjjdb1r5Ih13WQIlqBdsIIPiW8pO_6mvmZETnTthwKcCTY3ZwOljCZZJl7zjfM2_ugY)

**Stage 1: Sealed Bid First Price Auction**

To determine an appropriate starting price for the subsequent Dutch auction, UniswapX conducts a sealed bid first price auction among a selected group of ‘**Quoters’** through an offchain Request For Quote (RFQ) system. The Quoters are chosen by Uniswap Labs based on their expertise and track record.

In the Sealed Bid First Price Auction, Quoters submit their bids - i.e. the price they are willing to execute the swap at. The best bid is selected by UniswapX, wins the auction and is granted exclusive rights to fill the order within a specified time frame.

If the winning Quoter in Stage 1 fails to fill the order within that specified time frame, a Dutch auction commences.

**Stage 2: Dutch Auction**

The[ ](https://)Dutch auction starts at the price quoted by the RFQ auction winner. The price of the swap order then gradually decreases until a Filler accepts the order. Fillers compete to provide the best possible price for the Swapper, driven by the incentive of securing the order and the risk of losing it to another Filler who is willing to take a smaller profit.

Fillers can execute swaps using various liquidity sources, including Uniswap pools, Balancer pools, Curve pools, aggregators, or even their own private inventory. Fillers can also hedge their positions on centralized exchanges and improve their margins.

All orders are backstopped by the Uniswap Smart Order Router, which means that Quoters and Fillers must offer quotes that are more competitive than those available on Uniswap v1, v2, v3, and, once it launches, v4. This mechanism ensures that Swappers can *always* fallback on Uniswap AMM pools for swapping.

### **Implications of UniswapX & an intent-centric future**

As of June 2023, Uniswap has [64.6% of DEX trading volume market share](https://www.coingecko.com/research/publications/decentralized-crypto-exchanges-market-share#:~:text=Uniswap%20Market%20Share&text=This%20climbed%20to%20a%20yearly,%24145.1%20billion%20to%20%2498.8%20billion.). *So why does Uniswap continue to innovate on the current system despite its extraordinary success?*

It stems from the belief that swappers are entitled to the best swapping experience and execution price. When it comes to AMM swaps currently, there is still too much user friction and there is room to significantly improve the execution price.

![](https://lh7-us.googleusercontent.com/X6DyCRbGW_Bv1T43Q12EzeIxJzIS5xHpANMTJKvqwcjPXqhKhJqRqe3rQhpesHPUIjMNcSCvItkMnq1ITxKPWORsTlvGi1PXMiiukuAQkHxmoq8vbordS89wpfAioKx4cubxcRz4sJklqJkPwZcSGfE)Ultimately this is a positive thing for end users for a variety of reasons…

***The Positives***
**Gas-free transactions:** UniswapX enables gas-free swaps which eliminates the need for users to hold native tokens, improving the user experience

**No Cost for Failed Transactions:** Unlike traditional DEXs, UniswapX protects users from paying fees for failed transactions. This eliminates the risk of losing funds due to unsuccessful trades

**Enhanced Swap Efficiency:** Increased competition among Fillers / Solvers could drive innovation in algorithms towards maximum swap efficiency yet low execution cost. This will lead to more efficient and cost-effective swaps

- **Reduced Fees for Batched Settlements:** Swappers benefit from lower fees when transactions are batched together or when trades are settled directly from Fillers' inventory
- **Less MEV:** MEV that would be left on the table to be captured by an arbitrage transaction is instead returned to Swappers through improved prices. UniswapX also helps users to avoid more explicitly extractive forms of MEV: orders executed with Fillers’ inventory cannot be sandwiched, and Fillers are incentivized to use private transaction relays when sending filled orders to block builders 
- **More ‘square pegs in square holes’:** when a user’s intent  (*‘I want to BUY1 ETH for $1900’*) perfectly matches** another user’s intent (*‘I want to SELL 1 ETH for $1900’*) it results in a 1 for 1 swap, or a ‘[coincidence of wants](https://docs.cow.fi/overview/coincidence-of-wants)’ (CoW). CoWs are a *direct* swap resulting in better execution for swappers. As more order flow goes through intent-systems, we’ll see more CoWs, meaning greater overall efficiency

**Better liquidity & pricing..?** To be competitive, Fillers / Solvers would need to maximize the number of integrations they have with liquidity sources (AMMs) and source their own private order flows to gain an edge.

- Many solver teams have started to create their own front ends to win here (e.g. [Propellerswap](https://propellerswap.xyz/), [Enso](https://www.enso.finance/swap) and [Odos](https://app.odos.xyz/)). Solvers are also integrating with RFQ trading venues to utilize offchain liquidity to fulfill order flow
- Some Solvers we’ve spoken to have shared that quotes from these RFQ systems do not refresh fast enough and may ultimately lead to unfavorable pricing. These issues are currently being worked upon and fixing them may lead to a reduction in CEX-DEX arbitrage opportunities over the long run

**Impact on profitability of LPs in AMM pools:** It is unclear how UniswapX will impact the profitability of liquidity providers (LPs) in the UNI pools as it takes away order flow from the pools. We believe that creating specialized v4 pools with Hooks with sophisticated LP strategy could be the key for Uniswap LPs to maintain their profitability.

**Cross-chain swaps:** the UniswapX whitepaper covered how it would potentially tackle cross-chain swaps. This is particularly exciting because if their approach works end users would have no exposure to bridges when swapping native assets, reducing potential bridge risks. This is a net positive for an industry where 60% of hacks are bridge hacks. Bridges like Across, Connext, DLN have pioneered this optimistic bridge design

**Enabling more than just swaps in future?** intents for swapping tokens is just the beginning - most onchain actions will likely involve intents over time. As these user intentions become increasingly complex, users might require specialized actors to abstract away the transaction pathway to attain their objective. This is akin to searching for a ride on Uber and its algorithm matches you with a car with payments made automatically. There are many teams building the infrastructure required to support the expression and execution of generalized intents including [Flashbots SUAVE](https://writings.flashbots.net/the-future-of-mev-is-suave/), [Anoma](https://anoma.net/) and [Essential](https://essential.builders/).

***The Trade-Offs***
Of course, as with every new change and implementation, there are also trade-offs and concerns:

**Trust assumptions required:** In order to facilitate better UX there are some elements that require Users to trust Uniswap:

- **Uniswap Labs chooses the Quoters who participate in the Sealed Bid First Price Auction:** at present it is unclear how Uniswap Labs picks the Quoters, and how they will transition from this permissioned Quoter system to one which would create a level playing field for all Quoters
- **We trust Uniswap to pick the best bid in the auction:** Fillers trust Uniswap to pick their bid if they promise the best execution. If Uniswap colluded with some Fillers and did not pick the best bid for a swap, Fillers can verify that UniswapX is cheating by looking at the onchain price of the order and calling it out if it turns out to be worse than the price that they bid. This mechanism ensures that swappers get the best quoted price.

**Exclusive execution rights for Quoters:** UniswapX’s current implementation has permissioned Quoters, who have exclusive execution rights to an order if they win the RFQ auction. Other Fillers see the order only if the winning Quoter does not serve the order before a specified time expires and only then the Dutch auction starts

**Centralisation risks:** Few major Fillers may end up dominating the market. We are already seeing early signs of this happening. Flashbots pointed out that [the top 3 Fillers in UniswapX account for 90% of the volume](https://x.com/sui414/status/1728182323445960807?s=20). There is some tradfi evidence that suggests having 4 to 5 parties would be sufficient to ensure competitive pricing, but won’t know for sure until we have more data points.

**Quote frontrunning risk?** Quoters see the order flow from users exclusively and may take a position against the users in other platforms, moving asset prices and resulting in worse execution for the user. To mitigate this, when asking for quotes, UniswapX hides the ask, i.e. if a swapper wants to buy 100 ETH, UniswapX asks quotes from Quoters / Fillers for buying 100 ETH and selling 100 ETH. This is not necessarily foolproof as there are ways to statistically figure out the order flow direction), but it’s a step in the right direction. Lastly, the UniswapX whitepaper talks about implementing a reputation and a penalty system to mitigate this, though details are scant for now

### **Conclusion**

UniswapX is all about prioritizing the user experience by combining onchain and offchain liquidity and execution mechanisms. Better price discovery, gas-free swapping, no costs for failed transactions, reduced transaction fees and MEV protection are all features that provide for more seamless asset swaps.

The current UniswapX design does have certain limitations, such as the need to trust Uniswap to execute objectively and a lack of order flow visibility for all fillers. But you can’t have it all and some of these trade-offs might be necessary when solving for the best user experience.

Now that the DEX with the largest volumes is innovating in this space we have deep liquidity acting as fertile testing grounds for finding the best design mechanics & incentives for swappers & liquidity providers.

What happens next warrants deep observation.

**References:**
[https://uniswap.org/whitepaper-uniswapx.pdf](https://uniswap.org/whitepaper-uniswapx.pdf)
[https://support.uniswap.org/hc/en-us/articles/17542712707725](https://support.uniswap.org/hc/en-us/articles/17542712707725)
[https://blog.uniswap.org/uniswapx-protocol](https://blog.uniswap.org/uniswapx-protocol)
[https://github.com/Uniswap/permit2](https://github.com/Uniswap/permit2)
[https://twitter.com/danrobinson/status/1681061703818305536?s=20](https://twitter.com/danrobinson/status/1681061703818305536?s=20)
[https://blog.li.fi/uniswapx-a-deep-dive-4b4ea7673dc1](https://blog.li.fi/uniswapx-a-deep-dive-4b4ea7673dc1)
[https://info.uniswap.org/](https://info.uniswap.org/)
[https://x.com/sui414/status/1728182323445960807?s=20](https://x.com/sui414/status/1728182323445960807?s=20)

Author: Hitesh Joshi, with support from Jacob Ko & Joseph Goh Contributors: Arjun Chand (LI.FI), Wee Howe Ang (Tokka Labs) Introduction Since its inception in 2018, Uniswap has consistently introduced groundbreaking innovations in decentralized finance. Uniswap v1 pioneered Automated Market Maker

UniswapX: Moving toward intent-centric swaps

From the beginning, crypto has had a lot of closed systems, complicated jargon, and unintuitive user interfaces, not to mention that the current interoperability solutions put users at a lot of risk. Users' frustration is understandable when they are forced to handle numerous wallets, bridge assets, and learn how to use numerous different networks. Many potential crypto users are prevented from ever entering the space by this high activation energy. According to ZetaChain, cryptocurrency may be advantageous to everyone and should be accessible to all, much like the Internet. In order to decrease the entrance barrier for everybody interested in cryptocurrency, not only those with sufficient experience or technical knowledge, ZetaChain was developed to provide consumers with a more secure, adaptable, and fluid alternative.

ZetaChain aims to revolutionize the cryptocurrency industry. With built-in connectivity to all blockchains, ZetaChain functions as both a smart contract platform and an L1 blockchain. Smart contracts that can handle assets, data, and liquidity on any chain, including Bitcoin, are only available on this one public blockchain.

All blockchains can be connected via ZetaChain, which is genuinely chain-agnostic. It even supports non-smart contract chains like Bitcoin and Dogecoin, providing these chains with hitherto unattainable smart contract capabilities.

A chain-agnostic ODApp and completely interoperable smart contracts are features that no other blockchain offers. As a result, ZetaChain has the special ability to enable a vast array of use cases across industries in an effortless and reliable manner.

![img](https://link3-image.cyberconnect.dev/b23a9879-9c0d-40a5-9963-1ef27850f33a/postImageFolder/c95b81f8affbef72)With mixed rarity partnered with a protocol like Zeta Chain, the possibilities for creating innovative and unique decentralized applications are endless. This partnership opens up new avenues for NFT creators and collectors, allowing them to leverage the power of ZetaChain's chain-agnostic infrastructure to enhance the functionality and value of their digital assets. Together, Mixed Rarity and ZetaChain are poised to revolutionize the world of blockchain technology and drive adoption across various sectors.

***

**Twitter**: [https://twitter.com/MixedRarity](https://twitter.com/MixedRarity) 

**Discord**: [https://discord.gg/7V3xUS6BvC](https://discord.gg/7V3xUS6BvC)

**Telegram**: [https://t.me/mixedrarityofficial](https://t.me/mixedrarityofficial) 

**TG channel**: [https://t.me/mixedrarityannouncement](https://t.me/mixedrarityannouncement)

**Zeal Community**: [https://zealy.io/c/mixedrarity](https://zealy.io/c/mixedrarity) 

**Link3**: [https://link3.to/mixedrarity](https://link3.to/mixedrarity)

From the beginning, crypto has had a lot of closed systems, complicated jargon, and unintuitive user interfaces, not to mention that the current interoperability solutions put users at a lot of risk. Users' frustration is understandable when they are forced to handle numerous wallets, bridge assets,

Partnership Highlight | ZetaChain

**Assetux & Work X: Pioneering a New Frontier in Web3 Integration**

Assetux is excited to announce our partnership with Work X, a visionary platform reshaping the landscape of decentralized employment. This collaboration aligns with our mission to bridge the fiat and DeFi worlds, creating an inclusive financial ecosystem.

![img](https://link3-image.cyberconnect.dev/3bf09e81-eccf-4247-863a-dbab860385e1/postImageFolder/302434d3c5e15af2)

**Work X: Catalyzing Web3 Adoption**

Work X's innovative protocol, WorkPi, is a game-changer in the gig economy, offering an 'Internet of Jobs' by seamlessly connecting talent with global opportunities in the Web3 space. This AI-powered matchmaking engine is pivotal for users to leverage decentralized networks for employment without barriers.

WorkPi is a protocol that synthesizes learning algorithms, skill assessments, and HR technologies to create an expansive skill database. This facilitates personalized job recommendations, fostering a dynamic and efficient work environment.

**The $WORK Token: A Multipurpose Utility Token**

The $WORK token is integral to the Work X ecosystem. It serves as a medium for transactions, a reward for platform engagement, and the key to participating in the governance of the decentralized platform. It's not just a currency; it's a tool for empowerment within the Work X ecosystem.

**Assetux Elevating Work X with Fiat Accessibility**

Assetux's role in this partnership is to enhance the accessibility of $WORK tokens by providing a direct fiat on-ramp. Our platform will allow for the purchase of $WORK tokens with fiat, granting every user, regardless of their crypto savviness, access to Work X’s services and the broader DeFi market. This is a significant step towards simplifying the entry into DeFi, broadening the $WORK token's appeal, and bolstering its liquidity and utility.

With Assetux and Work X joining forces, we are setting the stage for a more connected, efficient, and user-friendly DeFi ecosystem. We are not just simplifying the purchase of crypto assets; we are fostering a future where the power of Web3 is unlocked for all.

Stay with us on this journey as we continue to break new ground and transform the digital economy. Assetux and Work X are more than just platforms; we are the architects of an accessible, decentralized future.

Assetux & Work X: Pioneering a New Frontier in Web3 Integration Assetux is excited to announce our partnership with Work X, a visionary platform reshaping the landscape of decentralized employment. This collaboration aligns with our mission to bridge the fiat and DeFi worlds, creating an inclusive

Assetux & Work X: Pioneering a New Frontier in Web3 Integration

​

![](https://link3-image.cyberconnect.dev/856b489e-4bf2-4655-91a7-379d7bc8c992/0f215cbe3a2c9d20)

Web3 has unlocked new ways for the world to work together. Before, work was siloed and distributed top-down. With web3, projects are now built by communities where collaboration happens in an emergent and democratic way.

Wonderverse is building the infrastructure for this new paradigm of work and we’re honored to partner with CyberConnect to help bring this vision of the future of work to life.

Wonder provides project management tooling for digital communities. We’ve gotten to partner with great DAOs, NFT projects, and web3 communities building at the cutting edge. Projects on Wonder can manage tasks, bounties, proposals, milestones, and grants seamlessly on our web3 native platform. DAO operators can manage and pay contributions with their native social token on our platform.

Partnering with CyberConnect was a big step for Wonder. We were able to utilize the social graph protocol by enabling CyberConnect users to connect and show their ccProfile on Wonderverse. In the future, we are planning to enable organizations to reward their contributors W3ST tokens for completed tasks and bounties.

We have also gotten to partner with other great Web3 projects and technologies. For example, we utilize Guild to help with roles and permissioning for our projects. We have integrations with Snapshot so projects can import/export their proposals into their Wonder workspaces. We utilize Mint Kudos which allows members to mint completed work as NFTs. We also have an integration with Coordinape to allow communities to use cutting edge ways to compensate their contributors.

We also utilize infrastructure from web2 to create a cohesive experience for our projects. We have Discord and Telegram integrations that allow communities to get active notifications and updates in their workspace. We also have the ability to connect with Notion to allow the easy import of tasks into project workspaces.

We have gotten to help 1,000+ projects and 60,000+ users build the future of the web. In the next months we have a lot of exciting projects coming out. If you want to launch a project, or contribute to one, you can[ ](https://app.wonderverse.xyz/signup?utm_source=cyberconnect&utm_medium=ccblog)[++signup for Wonder for free.++ ](https://app.wonderverse.xyz/signup?utm_source=cyberconnect&utm_medium=ccblog)

If you want to stay in the loop with what we’re doing, make sure you follow us on [++Twitter++](https://twitter.com/wonderverse_xyz). 

Want some alpha? We’re about to launch a new product - want to get on the waitlist?[ ++Check it out here.++](https://www.wonderverse.xyz/community)


Web3 has unlocked new ways for the world to work together. Before, work was siloed and distributed top-down. With web3, projects are now built by communities where collaboration happens in an emergent and democratic way. Wonderverse is building the infrastructure for this new paradigm of work

The Future of Collaboration

**TL;DR**

- [CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) is a tradeable, ERC-721 NFT carrying a unique handle owned and operated by a CyberAccount.

- It makes it easier for you to manage your multiple wallet addresses across blockchains while keeping things safe and simple. CyberID is also compatible with the Ethereum Name Service (ENS), and allows users and organizations to issue subdomains like **nft.ryan.cyber** `under the` **ryan.cyber** handle.

- Existing owners of a CyberProfile premium handle will automatically receive their CyberIDs, and users looking to [register a new CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) will need to purchase their new handles. For a limited time, there is a 100% cash back on new handle purchases in the form of a gas credit (Cyber SmartGas) on CyberAccount.

***

In the ever-evolving landscape of web3 and blockchain technology, how we perceive and interact with digital identities is transforming. At CyberConnect, we specifically focus on your social identity in the context of your friendships, interactions, and transactions in a digital world, powered by blockchains. More than just a unique identifier, identity serves the crucial functions of authentication and authorization. It represents your social journey and points to important social events/actions like the content you create and engage with. On top of that, web3 identities need to have a human-readable identifier, and, many argue, that it even be tradeable!

These multiple facets of identity led us to evolve the ERC-721-based CyberProfile account system into CyberAccount, a multi-chain, ERC-4337-compatible smart contract wallet. By decoupling the various functions that made up a user identity between an EOA wallet on the EVM and an ERC-721 token, and applying the technical innovations of account abstraction and ERC-4337, we arrived at a much more holistic version of a web3 identity. In other words, it was a bit like tuning individual instruments into an orchestra. Even though the instrument has its unique sound and role, when they are all tuned and played together in harmony, they produce a symphony greater than the sum of their parts.

CyberAccount empowers the CyberConnect social network to be truly multi-chain while preserving user social identity across blockchain networks. Today, we’re thrilled to unveil **CyberID,** a unique handle system representing you and your ever-evolving social relationships, interests, and identity on Ethereum.

**CyberID**

Each CyberID is an ERC-721 NFT carrying a unique handle owned and operated by a CyberAccount, representing that account's social identity. It is a user-friendly alias for your blockchain addresses, offering a seamless experience across multiple chains.

Here is what’s unique about CyberID:

**1. Safe and Simple Multi-Wallet Management:** In web3, users can have multiple different wallets across blockchains, and it can be hard to manage all of them. CyberID simplifies this. No matter which chain you're on, your CyberID remains consistent, resolving to the appropriate address for each network. This ensures that you have a single, memorable handle that represents you across the blockchain universe, irrespective of the intricacies of individual chains.

**2. ENS Compatible**: We understand the value of existing systems. CyberID is designed to be compatible with the Ethereum Name Service (ENS). If you're familiar with sending funds to an ENS handle like **`ryan.eth`**, you can now do the same with a CyberID handle, with a minor modification. On ENS-compatible web3 applications, you can send funds to **`ryan.cyber.id`** and let CyberID do the magic.

**3. Create your own Subdomains:** With CyberID, every user doesn't just get a handle; they get ownership of a unique domain on the CyberConnect social network. This means that if you own **`ryan.cyber`**, it's not just a handle — it's a digital realm under your control. As the owner of a **`.cyber`** handle, you can generate as many subdomains as you like, following the format **`nft.ryan.cyber`** under the primary **`ryan.cyber`** domain. Whether it's for different purposes, projects, or just for fun, the possibilities here are endless.

![img](https://link3-image.cyberconnect.dev/5ebbb9fa-9d33-4741-a22d-2a7dc4b95c0c/postImageFolder/b0a880dd311d0563)

Every CyberID is tradeable and will be available on a demand-based, one-time payment model. However, starting now until the end of 2023, we have a special offer for early adopters:

1. Existing owners of a CyberProfile premium handle with a character length of 11 or less, have already been airdropped their existing handles on their CyberAccounts. Log in to your CyberWallet to [view](https://wallet.cyber.co?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity).

2. Existing owners of CyberProfile with a handle character length over or equal to 12 will have the chance to [claim their handle on CyberWallet](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) for free.

3. Users looking to [register a new CyberID](https://wallet.cyber.co/cyberid?utm_source=twitter&utm_medium=social&utm_campaign=cyberid&utm_term=cyberaccount-cyberid&utm_content=CyberID+-+Your+Web3+Social+Identity) must claim their new handles. However, until the end of the year, we will offer 100% cash back on your handle amount in the form of gas credit (Cyber SmartGas) on your CyberAccount.

4. For users not yet ready to purchase a CyberID but still want to get involved, a free randomly generated memorable CyberID subdomain like **`octopus-teacher.me.cyber`** will be made available for claiming. (coming soon)

CyberID allows users to evolve their online personas, mirroring the fluidity of real-world social dynamics, without being tied to one crypto wallet or blockchain community.

In the coming weeks, we’ll unveil how CyberID fits within the CyberAccount ecosystem and share a number of exciting opportunities for you to try it out yourself.

As always, we hope to get your feedback as we continue building CyberConnect, web3’s leading social network in public.

Welcome to CyberID.

Tectum has been hard at work preparing for the launch of its TET token, and we’re excited to finally announce our schedule for the coming weeks. Our community has been eagerly awaiting news of our plans, and we’re happy to share that we have partnered with Tenset for a 12-month incubation period. We believe that Tenset’s expertise in the crypto industry and commitment to community building will bring great benefits to our project.

To ensure maximum exposure to communities, Tectum is employing a launchpad calendar that includes multiple high-profile launchpads. We’re also giving our community one last chance to purchase tokens at a private sale price during the Kickstart public sale, so don’t miss out on this opportunity. We’ve already had hundreds sign up for the whitelist for this and you can do so here to make sure you don’t miss out on the last of the private sale TET [https://tectum.io/.](https://tectum.io/.)

We want to thank our community for their patience and trust in us throughout this journey. We understand that it has been a long wait, but we assure you that it will be worth it. The launch date is just around the corner, and we’re excited to finally bring TET and ultimately the SoftNote to the world.

We’re particularly excited about the DAO Maker voting event on May 15th. If we succeed in the vote, we will gain huge exposure and follow in the footsteps of other DAO Maker projects that have seen great success after listing.

**Here’s the schedule:**

- Marketing Partnership Cryptic Web3: May 8th
- DAO Maker Voting: May 15th
- Kickstart Public Sale: May 22nd to May 29th
- BSC Launch: June 12th
- KDG: June 14th
- Launchpad (Name TBC) 3: June 15th
- Launchpad (Name TBC) 4: June 18th
- Final Launchpad (Name TBC): June 19th
- DEX Listing: June 23rd

We can’t wait to see what the future holds for Tectum and TET. Let’s continue to build a strong community together!

Tectum has been hard at work preparing for the launch of its TET token, and we’re excited to finally announce our schedule for the coming weeks. Our community has been eagerly awaiting news of our plans, and we’re happy to share that we have partnered with Tenset for a 12-month incubation period

Tectum Announces New Launch Dates and Partnerships

# Intro

Overlay Protocol is a decentralized platform built on Ethereum, and offers users the ability to build positions on a market or data stream without traditional counterparties.

Overlay aims to offer several types of markets, based on price data feeds and non-manipulable & non-predictable data feeds. These include:

- non-traditional crypto markets such as markets letting users build positions on hash rate, gas, BTC difficulty, NFT floors, social tokens, yield rates, etc.
- non-traditional markets such as e-sports & sports, sneaker prices, scalar social-political markets, nature and science markets, etc.
- traditional crypto markets
- And the list goes on...

Overlay protocol deployed on Ethereum, but you can use it both **on Ethereum and Arbitrum.**

# OVL (token)

OVL is the proposed native token of Overlay Protocol. It is an ERC-20 token on the Ethereum Mainnet. OVL serves a dual purpose and will be used to participate in trading and DAO governance after launch. OVL acts as liquidity and governance in the Overlay system - all PnL for users is denominated in OVL, creating a flywheel effect where utility, liquidity and community incentives are fed back into the system. For more on OVL, please refer to our section on OVL here.

**Now there is no way to get tokens, they were given to a closed community, but until May 17, the project has a Community Competition. In which everyone can participate. Join the discord:**

[https://discord.gg/ovl](https://discord.gg/ovl)

​

![](https://link3-image.cyberconnect.dev/bd5633d8-a455-474d-9d47-809ab6f2189f/06cbf93cbce85311)

​

# Governance

As of today, Overlay Protocol is governed by Planck Cat DAO, a DAO for Overlay contributors to participate in the protocol governance via PlanckCat (PCD) NFT’s. Discussions are currently being had about OVL taking the place of governance. These discussions will be had in the appropriate channels on Discord and Forum.

1 PCD NFT equals one vote and PCD NFT holders can vote for governance proposals on [Snapshot](https://snapshot.org/#/planckcatdao.eth). Moreover, any PCD NFT holder can start a discussion on both [Overlay Discord](http://discord.gg/m2U5vSr4gD) and/or the [Forum](https://gov.overlay.market/), and then after a temperature check, can open a governance proposal on Snapshot.

PlanckCat DAO can and will decide on what markets will be listed or delisted on the protocol, as well as set protocol risk parameters which will dictate the experience for all users.

Non-PCD NFT holders can still get involved with discussions on Discord and the Governance Forum.

If community members want to actively participate in governance,they must earn an NFT by contributing to Overlay Protocol. Participation is judged by community members, and contributors are rewarded with Cred. As of today, community members must collect 1000 Cred to claim one PCD NFT. The soft cap supply of the PCD NFT is currently set to 500. More NFT’s can be minted on a one off basis once the 500 limit has been set.

[PlanckCat DAO NFT on opensea](https://opensea.io/collection/planckcat)

​

# Facts

Project already funded by Tier2 VC's:

- [Polychain Capital](https://twitter.com/polychain)
- [1kx](https://twitter.com/1kxnetwork)
- [ParaFi Capital](https://twitter.com/paraficapital)
- [The LAO](https://twitter.com/TheLAOOfficial)

Roadmap says that in future there would be multi-collateral functions.

[Article about seed round and future plans](https://medium.com/overlay-protocol/announcing-overlay-investors-49f40610f9cf).

​

# My opinion

There are a lot of defies on the market today, but I like this project because it has a warm community. I took part in a trading tournament and I can say that for the casual trader this platform is a real godsend. I even managed to trade more than 30% PNL in 2 weeks. I continue to work with the protocol and bring this alpha to the masses.

_God job Overlay!_

_PS: love @wloka_

![](https://link3-image.cyberconnect.dev/bd5633d8-a455-474d-9d47-809ab6f2189f/0f1f48b0a1c4611e)

​


Intro Overlay Protocol is a decentralized platform built on Ethereum, and offers users the ability to build positions on a market or data stream without traditional counterparties. Overlay aims to offer several types of markets, based on price data feeds and non-manipulable & non-predictable data

Overlay

## Intro

We have set up Joystream as an open source  platform for video streaming services with a view to support innovation  in the content production and consumption, which has been long dominated  by incumbent closed corporate Web 2.0 platforms, such as YouTube. The  overarching problem breakdown and our solution is covered with much  detail in our [lightpaper](https://www.joystream.org/lightpaper.pdf).

In  order to further reduce the upfront costs for creating such video  streaming services we’ve built Atlas, an open source video streaming App  that works with the Joystream platform “out of the box”. While Atlas  codebase is available for anyone to operate or build upon, Jsgenesis,  the founding company behind Joystream, made a decision to operate a  single instance of Atlas, under its own brand - Gleev.

At launch  of Gleev, the Jsgenesis team has deliberately chosen to focus on the  single, specific niche - the Crypto creators mainly to reduce the  onboarding and adoption friction for the new users who are being  introduced to the Web 3.0 concepts and test the early product.

To  minimize the barrier of adding new content to Gleev, our team has built a  YouTube Sync service which helps to add new videos from existing YT  channels without any additional effort. The service simply required to  sign up with the Google account and get all the videos synced to Gleev  for a reward. This approach has quickly paid off and the number of  channels signing up quickly grew from a handful per week to hundreds of  new sign up daily!

While ironing out the operations we’ve also  been carefully collecting the feedback from creators and identified a  number of improvements for the YPP program and Gleev product which we  are happy to announce in this post.

The most frequent feedback,  however, was about the possibility to invite / subscribe the creators  which are producing content outside of Crypto and Web3. Despite the  marketing and sales efforts been focussed solely on the Crypto  community, the word of mouth, creators promo videos and referrals  activity resulted in the vast numbers of new channels that signed up  being from all paths of life, and not just crypto.

Following a  strategy review session and carefully considering the creators feedback,  Jsgenesis team is bring a new release of Gleev YPP program spanning

- Revised set of criteria and tiers for creator rewards
- Expanded category focus
- Improved YPP dashboard
- Refreshed landing page

Read on for more details on each.

## Quality first

In  the past we have been automatically assigning tiers to the verified  channels, based on the subscriber count only. Subscriber count served as  benchmark for channel popularity and quality, and we used it as proxy  for the value that YT creators add to Gleev App by syncing their  content.

While it served us okay, the limitations in distributing  the rewards based on “merit” were already covered above so we wanted a  way to handle this better. We will now start rewarding channels based on  the quality of content first, and only then consider popularity.

We’ve  arrived to the 3 paid tiers (silver-diamond) and 1 tier that is  subsidized purely by providing the access to the distribution  infrastructure and sync service (bronze).

We believe this would  allow us to be inclusive, but also not forced to reward nor to exclude  the channels that are spending much less effort in creating their  content, but do not violate any terms and simply have the right to  exist. Below I am covering each of the tiers in more detail.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-10-04-at-17.36.41.png)

#### 💎 Diamond

**Quality:** Absolute  gold standard of quality. Professionally done with great quality of  sound and effort put in post-production editing of video.
**Popularity:**  Recognized influencer status. Very large subscriber audience, likely  100k - 500k and higher. Average views per video ~ more than 15k per  video.

***

#### 🥇 Gold

**Quality:** Popular, great quality, very well done, interesting to watch even if not interested in the narrow topic that channel covers.
**Popularity:** Subscribers likely to be > 25-150k. Average view per video ~ around 1-2k per video

***

#### 🥈 Silver

**Quality:**  Original good quality of content. Likely to be interesting to watch if  interested in the narrow topic and can forgive the quality of the  content when comparing to professional production. Sound may not be that  great either.
**Popularity:** Subscribers likely to be > 5-25k. Average view per video ~ around 1-2k per video

***

#### 🥉 Bronze

**Quality:** Lower effort production.
**Popularity:** Followed by friends and family. Follower base likely to be <5k. Average view per video ~ less than 1k per video

***

## Broad c**ontent support**

Arguably  the biggest change in the YPP terms is opening up Gleev to a broad  range of categories. Creators will be able to map their YT channels to  one of the top level categories at the point of signing up. Categories  discovery for the viewers, will only gradually appear, once the critical  mass of content is reached in each of them.

More popular categories that we expect to appear sooner are marked in **bold** while the full set is presented below.

• Art
• Animation and Film
• Autos and Vehicles
• Business and Finance
• **Crypto** ⭐
• DIY
• Education
• Entertainment
• Lifestyle
• **Memes and Humour**
• **Music and Music Videos**
• Nature
• News and Current Affairs
• People and Blogs
• Pets and Animals
• Sports
• **Technology**
• Travel
• Unboxing
• **Video Games**

## Enhanced program participation experience

Based  on the feedback from the channels and support interactions we’ve added  more info to the YPP dashboard and happy to be presenting the updated  version

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-27-at-14.55.26.png)

**1.**  One of the core changes is that Dashboard will now be available to all  channels on Gleev from the get go. Also, regardless of participation and  verification status on YPP, everyone who has a channel can benefit from  the referrals program!

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-27-at-15.14.46.png)

**2.**  The verification status and assigned tier will now be taking a  prominent place in the top widgets row. In case of suspended channels  the reason will be displayed right in the dashboard.

It would be  also easier to sign up from the dashboard for mobile users by clicking  the “sign up to participate” button right in the widget.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-27-at-15.04.23.png)

**3.**  Ypp Sync Service status is improved with displaying the precise  position in the syncing queue, counter of videos queued up as well as  the ETA to full sync.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-27-at-15.12.55.png)

**4.** Payment widget will feature the next payment date and link to the page with historical statistics.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-27-at-15.14.57.png)

## **Accents on the core in the early onboarding**

Web3.0  unique content monetization and community collaboration features is  what puts us apart from the industry incumbents. One of points that our  product team attempted to achieve with the refreshed onboarding  experience is to equip the channels who are signing up with a better  understanding of what we are all about, and the features they can expect  for the channel monetization.

The features are:

- Creator  Tokens - due for MVP release before the New Year. A huge milestone for  our project and an incredibly powerful tool to fundraise and get  consistent revenue for your channel shared with your fans and audience.
- Tipping  - due early next year. A nice and useful feature for someone who is  seeking for a quick thank you, without getting into the weeds of joining  a more involved option of creator tokens. Something that is quickly  becoming an industry standard.
- Members only (gated) content -  due mid-next year. The last element to the full set of content  monetization we are bringing to our creators. This feature is in the  early concept stage and will deserve its own blogpost when designs are  cooked and ready.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-21-at-19.21.24.png)

Gleev  App is verified by Google Auth and YouTube teams, and this process took  months of scrutinizing of our API and product design to get obtained!  This status wasn’t communicated well enough in the earlier version, so  following the feedback from the creators who signed up not without pinch  of hesitation we decided to expand on this topic right on the sign up  page.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-21-at-19.21.01.png)

Last  but not the least, with the landing page we wanted to make a lasting  first impression with strong bold typography and an easy way to start  the sign up journey right off the bat.  We’ve taken the opportunity to  bring it closer with [Joystream.org](http://Joystream.org) website to make the transition smoother for the organic traffic.

![](https://blog.joystream.org/content/images/2023/10/Screenshot-2023-09-21-at-19.13.15.png)

# The Future Looks Bright

The  release was shipped on the 6th of October, paving the way for the Gleev  App and its community to steadily grow in the direction we are moving -  the empowered creators, in full ownership of their content, monetizing  it in the ways that work for their best interest while serving it in the  best interest of their audience.

It will now take some time to  process the already suspended channels and re-introduce them to the  updated experience and we are planning to do this in stages, a fraction  of the channels over the span of several weeks.

We will continue  to listen to the voice of creators while improving the platform and of  course there are more features that need to get added to Gleev for the  viewers benefit. For their delight we have a packed roadmap full of  major improvements like adaptive streaming, playlists, enhanced  recommendation engine, which we are well aware of and already have a  solid plan of introducing them as part of our growth and product  improvement roadmap.

Watch this space for more news to follow!

Intro We have set up Joystream as an open source  platform for video streaming services with a view to support innovation  in the content production and consumption, which has been long dominated  by incumbent closed corporate Web 2.0 platforms, such as YouTube. The  overarching problem breakdown a