replacing your favorite CEX on @solana tg group: t.me/+a4AGL13990cwMTRh discord link: discord.gg/jr9Mu4Uz25
Solana
- Tweets 2,819
- Following 68
- Followers 12,001
- Likes 6,378
s/o to the team and community for making it possible!
more to come from us, stay tuned!
coindesk.com/business/2021/1…
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1/ 🚨🚨 our devnet is now LIVE!!!!!!!! 🚨🚨
get ready to start test-trading cSpaceX right here 👇
devnet.cypher.trade/
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We would like to personally thank @zachxbt, he was invaluable to the cypher team and the main contributor in the initial freezing of funds across multiple CEXs and also aided in tracking the attacker. We would not be in this position without his assistance.
update from cypher
~$600k has been frozen across CEXs, the return of these funds will be predicated on the cooperation of these CEXs and seizure warrants being issued by law enforcement
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In response to our recent exploit, Cypher is fast tracking an IDO.
Here’s the game plan.
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Cypher has has experienced an exploit/security incident. The smart contract has been frozen.
The team is currently working with individuals and investigating
To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps.
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the @solana eco will have a new token this month
👀👀👀
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update from cypher
~$600k has been frozen across CEXs, the return of these funds will be predicated on the cooperation of these CEXs and seizure warrants being issued by law enforcement
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Slight update from us
The team has multiple concurrent efforts going on right now, I for one will be working with OtterSec, Neodyme and SolShield today on getting post-mortem out there and more context on the exploit, attack vector and findings.
You guys can expect more information/news regarding our plan to make depositors whole and salvage the project.
Obviously understand people's emotions running hot in situations like these, I think a lot of the team has been on the other side of a situation like this, but being on this side right now is a first for all of us.
Regardless would like to ask patience of everyone affected as these processes usually take their time, we'll keep communications fluid as we move forward.
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🚨 CYPHER LIP IS LIVE 🚨
everyone is now able to deposit, lock, and earn in the liquidity incentive program
assets open for deposit:
$USDC
$SOL
$wETH
depositors will earn standard apy from lending pools on cypher AND $CYPH TOKEN REWARDS
LIP live at lip.cypher.trade
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Say goodbye to gov tokens with no utility
Say hello to $CYPH
A change in protocol token models, let’s dive in 🤿
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1/ 🚨it’s official – our devnet is launching ON MONDAY!!!!🚨
soon, you’ll be able to trade our expiratory futures and unlock access to markets you can’t find anywhere else 🚀
here’s everything you need to know 👇
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.@MadLadsNFT might be getting some base level value from soulbound inventory
s/o to the @xNFT_Backpack team
👀
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we're in contact with the attacker and have decided to extend the deadline for another 24 hours.
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🚨 CYPHER LIP DROPS TOMORROW 🚨
LIP: Liquidity Incentive Program
cypher is incentivizing $USDC, $SOL, $wETH deposits
users will be able to lock these assets into LIP for 6 months, receiving base yields from the lending pools AND WILL ALSO RECEIVE $CYPH TOKEN REWARDS rewards are redeemable at the end of the lockup period
@solana token szn is BACK and cypher is happy to begin leading the charge in token incentives and airdrops for DeFi 2.0 on solami
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ARE YOU READYYYYYY
Wen: cypher IDO tomorrow (october 25th)
Time: 9:00 am ET
Where: launch.cypher.trade
cypher will be hosting a space at 7:00 pm ET tonight to chat and answer any questions you have
WE RIDE AT DAWN CYPHERPUNKS
BOOK IT!
$CYPH
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OFFICIAL LINKS TO IDO ARE NOW
ido.cypher.trade
you can reach this by also going to app.cypher.trade
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CYPHER HAS CRACKED THE TOP 50 PROTOCOLS BY TVL ON @solana
LETS FUCKING GOOOOO CYPHERPUNKS
😤😤😤
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as self proclaimed fans of the orderbook, stoked to announce our official partnership with @ProjectSerum❄️
serum's CLOB allows the protocol to be an efficient mechanism for price discovery across the markets supported by the protocol now and in the future
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Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
Solana is the best blockchain for DeFi
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We’re kicking off Solana’s DeFi summer.
Details on the $CYPH airdrop coming soon.
Notifications on.
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if you are the attacker you can reach out on email or session chat app
email: recover_protocol@proton.me
session id: 05acb0ff5ecb13d3e9d6e8225342994157df834f5f14ac916f2212b20539fe113d
Cypher has has experienced an exploit/security incident. The smart contract has been frozen.
The team is currently working with individuals and investigating
To the hacker: We are writing to see whether you would be open to speaking with us about any potential next steps.
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sounds like @SolanaLegend wants cypher to airdrop kpi vested tokens to @MadLadsNFT via @xNFT_Backpack via their soulbound inventory
should we?
30%
yes
70%
FOCK YES
429 votes • Final results
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hi all!
excited to announce cypher! (formerly off-piste)
the name might have changed, but the protocol still be bringing you the best expiratory futures markets on #Solana
s/o to all the community that voted and dm'd regarding the new name options
let the people trade!
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1/ feeling like you could use some extra SOL?
well, we're holding a new competition in our discord for 1 lucky winner to earn 3 SOL and a new RARE role 👉 THE INVITOOOR
details below 👇
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Date: Locked in for October 25th ☑️
IDO Mechanism: LBP-style curve (@ArmadaFi) providing price discovery and deterring manipulation ☑️
Now, let's get real about the token: Enter $CYPH
cypher is steering far away the pitfalls of solana 1.0 tokens that were riddled with low float high FDV valueless governance tokens.
Here's how $CYPH is rewriting the rules:
$CYPH has inherent value from its unique fee mechanism, similar to the utility of an L1 token
- Interactions cost $CYPH
- 50% of each fee is burned, the remainder is split between rewarding makers and boosting the treasury.
- The result? Unbeatable trading rates with cypher.
Transparent and fair distribution
- Over 50% of $CYPH hits the market straight away – thanks to the IDO & airdrop.
- Zero tokens for our treasury up front. No fear of supply shocks due to large treasury allocation.
- Liquidity mining? It's lean but built to last, curbing inflation and complemented by our fee structure.
The mix of cypher's IDO strategy, honest distribution, and token's intrinsic value shapes $CYPH into a standout. Cypher is not just raising the bar for Solana – its setting a new standard for crypto.
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We want to personally thank @0xGroomLake for their support and incredible intelligence capabilities throughout this process.
Their skillset is second to none and were a main contributor in identifying the attacker. We would not be in this position without their assistance.
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239 unique participants in the $CYPH IDO so far!
LFGGGG
more to come
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The time is here
The IDO is around the corner
Lets dive in to how the IDO will be conducted
cypher will use a liquidity bootstrapping curve (LBC) from @ArmadaFi
Why?
Dynamic Price Discovery: The LBC ensures a gradual & organic valuation. The market will find its rightful value, ensuring fairness for all participants.
Anti-Manipulation: LBCs stops bad actors from manipulating token prices, diverging from the dutch auctions prevalent in early Solana tokens
Customizable & Predictable: LBPs offer the best of both worlds. Parameters can be easily tweaked, ensuring our community knows what to expect while enjoying the dynamic aspects of the sale.
Price discovery, manipulation deterrence, and predictability are major reasons why cypher has chosen the LBC mechanism for its token launch.
We believe this will help cypher have one of the healthiest and fairest token launch in the solana ecosystem and are incredibly excited to continue pushing forward to October 25th!
Special thanks to the teams at @ArmadaFi and @osec_io for their help and support
for more detail, check out the notion doc: cypherlabs.notion.site/The-I…
nitter.app/cypher_protocol/status…
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looking for a new cypher intern since the last went to go work for a top vc in the solana eco
quals:
1) can make dank memes
2) shit posts with authority
3) has auto capitalization off
perks:
will probably get sniped by a top tier vc fund, we are the ultimate intern funnel
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if you are market making on @openbookdex , we would like chat!
cypher is supporting all majors for margin trading on openbook
$SOL, $ETH, $RLB, $mSOL and more
cypher margining accounts can help you be more capitally efficient and lead to better liquidity
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the people asked for it
$BONK spot trading and borrow/lending coming to you live this week bbs
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something something
✈️ 📦
@MadLadsNFT
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RESPONSIBILITY POINTS COMING MONDAY
what are points?
responsibility points are rewards showing how much a cypher participant has contributed to protocol success
how do i earn points?
all activity on cypher will earn points!
more details 👇
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for all those impacted by the exploit below is the link to the redemption portal, you are now able to claim redemption package
we are incredibly sorry for the situation and thank you all for the patience
we are looking forward to building back stronger
redemption.cypher.trade/
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thursday at 15:00 (3:00pm) utc, we’ll be kicking off our weekly amas with our favorite orderbook protocol, @ProjectSerum!!! 🚀
be sure to tune in an learn about all things cypher, serum, and the solana ecosystem nitter.app/i/spaces/1OyKADzVlLnxb
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🔥🔥🔥 @solana DeFi back at it 🔥🔥🔥
cypher added "breakers" to the risk engine
similar to circuit breakers in tradfi, but markets on cypher will not pause trading
instead, breakers will prevent increases of borrows against assets that triggered the breaker
lets dive in 👇
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1/ happy new year!! 🍾
2021 changed the game for both the @solana ecosystem and cypher, and we couldn’t be more excited to be building THE expiratory futures protocol on the world’s fastest blockchain
here’s our year in review and what’s next for 2022 🧵
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always monitoring
you’ve received first notice
$CYPH
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cypher is the only @solana defi protocol to be in the top 5 across 1 day, 1 week, and 1 month growth
😤
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bear mkt == build mkt
excited to have a legendary solana chad join the cypher
welcome to the team @hoakbuilds!
word on the street is that he made $1.4M running MEV strats yesterday alone
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no where else can you trade all of these coins with leverage
we are it
long it, short it, leverage it, borrow it, lend it
***not financial advice***
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THE SHIPPOOORS HAVE SHIPPED
and the cypher team has been GRINDING
we are proud to announce...
🚨MAINNET WILL OFFICIALLY BE LIVE TOMORROW MORNING🚨
here is what you can do to prepare👇
1/n
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let the countdown begin to $CYPH
app.cypher.trade
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$SOL perp is officially live to the public!
excited to take the next step in replacing CEXs and bringing more users/liquidity to the @solana ecosystem
if you’re looking to arb funding rates on @DriftProtocol, take a look at the newest market to hit cypher order books!
if you’re interested in marketing making perps, shoot us a dm or join the discord (link in bio) and the team is happy to help integrations
app.cypher.trade
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tomorrow at 17:00 (5:00pm) utc we will be hosting an ama with our favorite rpc infra protocol, @GenesysGo
be sure to tune in an learn about all things cypher and genesysgo!
nitter.app/i/spaces/1gqxvlzqEXQGB
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its $CYPH week
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🚨🥳WE ARE OFFICIALLY LIVE ON MAINNET🥳🚨
head over to app.cypher.trade/ to trade 3 new products!
BTC/ETH (pair)
SOL/ETH (pair)
SOL&P (index)
some mainnet information and some thoughts below👇
1/n
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hey everyone, our discord has been compromised and the team has been kicked/banned from accessing the cypher discord
please do not click any links in the discord as they could be malicious
please rt for awareness
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it's official – our devnet launches TOMORROW 🚀🚀
we'll be chatting with our friends at @marginfi tomorrow at 7 pm utc to fill you in on everything you need to know 👇👇👇
nitter.app/i/spaces/1PlJQaEynXZJE
see you there cypher fam!! ♥️
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Before the exploit, cypher was a leading protocol in Solana's DeFi resurgence.
Then this hack happened.
Now the top priority is doing right by our community.
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1/ when it comes to trading, most tradfi ppl will tell you that defi derivatives are ngmi
we obviously have a different opinion
here’s why nfts & synthetic derivatives can have more utility than stocks – and why, in some cases, they could be more valuable in the long run 🧵
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this edit bangs
**slaps repeat 🎧**
Welcome to the @Solana-powered, @ProjectSerum-charged metaverse! ⚡️☀️
Watch Solana CEO @toly fly on his Pearce X4 space bike in this video by @MonkDoesnt: Anatoly, you can do it! 🚀🪐🎶
This Pearce X4 ship NFT is dropping today in the GAO on Play.staratlas.com/Market! 💥
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3 people from the cypher community will get $BERN airdrop
to enter:
1. like and rt
2. create cypher account
3 join and ping telegram chat with cypher acct address and twitter handle
official cypher tg: t.me/+a4AGL13990cwMTRh
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Today, we’re announcing the most fair token launch in Solana’s history.
This isn’t your average @solana token with low float and a high FDV.
It’s the opposite.
Take a look for yourself.
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released post-mortem to discord and tg last night
posting here
this is only post mortem, team is working on doc for protocol next steps and user funds return
cypherlabs.notion.site/cyphe…
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1/ gm traders! we’ve got some exciting news!! 👀
soon, we’ll be launching our newest assets on cypher…
CRYPTO PAIRS & INDICES
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280 UNIQUE GLOBALLY DECENTRALIZED HUMAN HOLDERS OF $CYPH
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the redemption plan for socializing losses was released early today in tg and discord
next doc will be plan regarding next steps for the protocol
thank you to the community for their patience
cypherlabs.notion.site/Socia…
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a friendly reminder that cypher enables TIF orders to help prevent market makers and programatic traders from being impacted by network degradation and outages
TIF orders allow a trader to attach a max_timestamp to their order
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🚨 NEW TRADING FEE INCENTIVES DROPPING 🚨
starting tomorrow derivative market fees will be
taker: 5 bps
maker: -3 bps
spot fees will remain the same as there is no additional fee on top of @openbookdex spot markets
time to splash into some rebates 😤
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As promised in the @ProjectSerum piece, we launched our discord today!
Still early and a bit raw, but excited to begin to build the community!
discord.gg/VJgVBWZkbr
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12 hrs remaining in $CYPH IDO
participant numbers still climbing (375)
LFGGGG
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If you are in our discord, you received this earlier today, but we are excited to release our litepaper to the community!
As we continue to develop and conduct research, this will be updated.
Here is a link to our one pager and litepaper: docs.offpiste.io
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we agree with @IDrawCharts
so we ship
cypher v2 rolls out to public devnet, live from @mtnDAO
bye bye minting, hello $SOL monthly futures
🫡
devnet.cypher.trade
been a rough couple days for solana
So we ship.
Jungle live on devnet, selected beta testers should check discord for info
rolling out public access next week!
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gm @solana eco
we are excited to announce that cypher has partnered with @ArbProtocol!
what does the cypher 🤝 Arb partnership mean for users
lets explore 👇
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if cypher has a million supporters I am one of them
if cypher has a thousand supporters I am one of them
if cypher has ten supporters I am one of them
if cypher has only one supporter then that is me
if cypher has no supporters, then that means I am no longer on Earth
if cypher has a million supporters I am one of them
if cypher has a thousand supporters I am one of them
if cypher has ten supporters I am one of them
if cypher has only one supporter then that is me
if cypher has no supporters, then that means I am no longer on Earth
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If cypher wins, the community wins.
Next Steps:
1. Perform audits with Ottersec and MadShield
2. Reinforce the insurance fund
3. Drive success back to cypher and its users
We’re not going anywhere.
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.@mtndao means shipping 🚢 @solana mainnet
cypher will be launching public mainnet for margin spot trading and borrow/lending THIS WEEK
get ready @openbookdex traders
those mm'ing on openbook, lets get you ready for more capital efficiency 😤
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onboarding institutions to DeFi requires a ton of work
what has cypher been doing to help make DeFi in @solana trend towards capabilities
a few things is particular seem pertinent to talk about
1. multiple clearing houses
2. portfolio construction
3. TIF orders
lets dive in🤿
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cypher has added support for more wallets
now connect with more options for both institutions and retail!
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roses are red
violets are blue
you'll soon be able to arb fundings rates on @DriftProtocol, @ZetaMarkets, and us too
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