CyberConnect Launches Cyber Restaking, Powered by EigenLayer and Restaking Protocol

BlockBeats news, on April 10, CyberConnect announced the launch of Cyber Restaking, an innovative feature supported by EigenLayer and Liquidity Restaking Protocol. This feature allows users to participate in the restaking of ETH in advance through the dual staking model on Cyber L2, the first restaking Ethereum Layer 2 for social and mass adoption. Starting April 9, users can deposit liquid restaking token (LRT) assets from Renzo (ezETH), Puffer Finance (pufETH) and ether.fi (weETH) to start earning Cyber Restaking Points. Cyber Restaking Points is designed to incentivize early stakers and communities to help guide local liquidity to Cyber L2. Users can earn income and points on their deposits, including ETH staking income, ETH restaking income, EigenLayer points, LRT points and Cyber Restaking points. Starting today, users can deposit their re-staking assets to earn extra Cyber re-staking points, and the first 2 ETH staked by users will receive double points, as well as invitation revenue sharing. Cyber will use EigenDA as a DA solution to bring a cheap and scalable on-chain web3 social experience. The mainnet is scheduled to be launched in Q2 2024.