The Web3 social protocol CyberConnect has announced the launch of Cyber re-staking function, supported by EigenLayer. Users can deposit LRT assets such as Renzo (ezETH), Puffer Finance (pufETH), and ether.fi (weETH) to start earning Cyber re-staking points. The Cyber re-staking points are designed to incentivize early stakers and the community to help establish native liquidity for Cyber L2. Users can earn ETH staking rewards, ETH re-staking rewards, EigenLayer and LRT points. Those who stake less than 2 xxETH (pufETH, weETH, ezETH) will receive double points, and additional points can be earned through referrals.

Decentralized social protocol CyberConnect has announced the launch of modular Ethereum Layer 2 network Cyber, which is expected to go live on the mainnet in the third quarter of this year. With support from EigenLayer and Optimism, Cyber will collaborate with AltLayer to serve as the social layer for web3 applications, as well as a gateway for the next wave of users to access web3 experiences, tools, and financial liquidity across all Layer 2 ecosystems. Meanwhile, CyberConnect has announced that CYBER staking is now live, and participants can earn CYBER Season 2 rewards. At the end of the three-month campaign, up to 1 million CYBER tokens will be awarded to stakers.

The Web3 social network CyberConnect posted on X platform that they discovered an ongoing phishing attempt disguised as our Discord server. Some users reported that their wallets were drained after verifying within the server. We are working hard to update all links on third-party websites. Meanwhile, we ask affected users to contact us via DM and provide wallet addresses, email addresses, and any other information that may help investigate this issue. We will share more updates in the next few hours.

Gitcoin Passport has announced on X platform that they have noticed malicious activity reported on the CyberConnect website. If any users have joined their Discord in the past 24 hours, please remain vigilant. The team is currently in contact with the CyberConnect team to address the situation and will temporarily remove the stamp until its safety is ensured.

Bitget market shows that CYBER has risen to 6.15 USDT, an increase of 26.91% in 24 hours. Earlier news, Binance Labs has conducted a follow-up investment in CyberConnect.

Binance Labs has expressed in a post that it sees potential in SocialFi for driving Web3 into the mainstream and has carried out a subsequent investment in CyberConnect, and will hold an AMA to further explore the opportunities for social integration within the entire ecosystem.