CyberConnect has released an emergency proposal to unlock 10.88 million CYBER tokens to address the issue of multi-chain liquidity balance.

BlockBeats News, September 2nd, CyberConnect released an emergency proposal [CP-1], suggesting the following three steps to ensure the liquidity balance of CYBER between Ethereum, Optimism, and BNB Chain networks. 1. Firstly, the foundation has deployed CYBER-ETH, CYBER-BSC, and CYBER-OP bridges supported by LayerZero's ProxyOFT. 2. Secondly, the CYBER unlocked by Cyber DAO and its finance department will be used to provide liquidity for such bridges. In order to avoid excessive risks brought by any bridges, we plan to reserve 25,000 CYBER-ETH, 25,000 CYBER-BSC, and 25,000 CYBER-OP in the bridges at the beginning and dynamically change the provided liquidity. All unlocked CYBER in the treasury, totaling 7,000,000 CYBER-BSC and 3,888,000 CYBER-ETH, can be used to maintain the liquidity of the bridging service. Providing bridging services will not affect the total supply of CYBER. 3. Thirdly, when the liquidity of CYBER between networks becomes imbalanced, the foundation will need to burn and mint CYBER to restore the balance of CYBER in the treasury. For example, if CYBER-ETH is exhausted within the finance department, and CYBER-BSC and CYBER-OP have a total of 10,888,00 CYBER, the foundation will destroy some CYBER-BSC and CYBER-OP to mint an equal amount of CYBER-ETH. Currently, the proposal has received support from 61,000 CYBER votes, accounting for 99.99% of the total votes. Improving cross-chain liquidity issues means that the price difference of CYBER between trading platforms may gradually be "flattened" by arbitrageurs. The team explained that the proposal vote is a one-time exception, and considering the benefits and urgency of time, the policy of the DAO's 7-day voting period will not be followed, and the vote will end at 16:19 this afternoon. As of press time, the CYBER price on the Binance platform is temporarily quoted at $13, and the CYBER price on the Upbit platform is temporarily quoted at 0.00121892 BTC, equivalent to $32.52, with a premium rate rising to 150.154%.