The announcement we all have been waiting for so long.. is finally here:
We are working very hard on the development of the Cypher ecosystem, where @cypher_wallet is our main product. To develop a security ecosystem, more is needed than a wallet. The Cypher Protocol will power security features that are being used on our “closed” ecosystem.
So what is this closed ecosystem?
As we all know,
@solana holds a couple of main companies and infrastructure providers for liquidity pools, staking and non-custodial wallets, but none combine them into a nice security driven eco-system.
To make sure our promises are executable, we have designed a system that uses ALL of the security features in any way possible.
Cypher Wallet: Keeps your funds safe and have the fastest transactions, pay fees in the token you are swapping in sol or cypher.
Cypher Vault: Through one of our main partners, we offer a cold custody wallet inside your non-custodial wallet that protects your funds (multisig) to the highest standards. This way, drained funds will be protected on the cold custody wallet. You can compare this to a checks and a savings account.
CypherSOL: A platform where you can stake CYPHER, CypherOwls and SOL and earn up to 8.2% APY. 5% of the rewards paid our to stakers will go to CypherDAO, managed by Cypher Owl holders (6 or more owls)
CypherDAO: An investment fund for the Cypher Ecosystem, decentralised in management where every voter holds the exact same amount of voting power.
CypherOwls: A NFT collection that gives you great benefits within the ecosystem such as transaction discounts and % of LP pool fee shares.
CypherDLMM: Our own DLMM where CYPHER the token will be launched. It will be our own pool and it will be possible for anyone to create their own pool for tokens (OG memes, $Fartcoin, Cypher,
$ALCH,
$SSE for now). Steady projects with a track record where we did a risk-management analysis on future growth. Swaps will happen through this pool. Later on more on the CypherDLMM and how this all works.
Cypher Token: The Cypher token will be launched this MAY.
Web2 security solutions: Since web3 losses, are due to web2 vulnerabilities, the wallet acts as a safehaven for your device having two option on security:
- Default
- Hardcore
It will scan websites, downloaded files, transactions and a lot more.
Tokenomics:
1B total supply
200m initial launching supply
Gradual unlock over the next 4 years of 200m tokens per year where a token airdrop will be claimable to holders based on traded volume per wallet.
— NOTES
All Solana contracts and platform code are being audited by
@CertiK. They will do a team verification (KYC) as well on the team.
The date in MAY is currently depending on WHEN CertiK is coming back to us.
We will host a livestream where
@emperorluxion and me will explain everything on the above, features we are working on, proposed features and timeline on releasing the wallet and platforms.
There will be room for questions about this as well.
With the Cypher Token, we will launch CypherSOL as well. So you can stake tokens, SOL and owls at launch.
We have a long-read white paper, which we are transforming into a 4 page lite paper, understandable for anyone.
Keep ya’ll posted — Llama