CyberConnect has released an emergency proposal [CP-1] suggesting three steps to ensure liquidity balance for 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, CYBER unlocked by Cyber DAO and its treasury will be used to provide liquidity for these bridges. To avoid excessive risk from any bridge, we plan to initially reserve 25,000 CYBER-ETH, 25,000 CYBER-BSC, and 25,000 CYBER-OP in each bridge and dynamically adjust liquidity provided. A total of 7,000,000 CYBER-BSC and 3,888,000 CYBER-ETH unlocked in the treasury can be used to maintain bridge liquidity. Providing bridge services will not affect the total supply of CYBER.

3. Thirdly, when CYBER liquidity between networks becomes imbalanced, the foundation will need to burn and mint CYBER to restore balance in the treasury. For example, if CYBER-ETH is depleted in the treasury, but there are a total of 10,888,000 CYBER-BSC and CYBER-OP, the foundation will destroy some CYBER-BSC and CYBER-OP to mint an equal amount of CYBER-ETH.

Currently, this proposal has received support from 61,000 CYBER votes, accounting for 99.99% of the total votes. Improving cross-chain liquidity means the price difference of CYBER between trading platforms may gradually be reduced by arbitrageurs.

As of press time, the price of CYBER on Binance is temporarily reported as $13, and the price of CYBER on Upbit is temporarily reported as 0.00121892 BTC, equivalent to $32.52, with a premium rate of 150.154%.