what's cypher?
Cypher is a decentralized finance platform built on Ethereum Layer 1, designed to facilitate onchain markets through a suite of integrated tools. It includes liquidity infrastructure, a novel v4 automated market maker (AMM), a capital raise platform for initial coin offerings (ICOs), and a permissionless launchpad for token deployments. The protocol emphasizes community ownership, with no venture capital involvement and mechanisms to direct protocol revenue back to users. Users can participate via Genesis Pools, which incentivize early liquidity provision and trading to earn points convertible to protocol tokens. The platform optimizes for Ethereum's base layer, providing high-yield opportunities through its AMM and launch features while maintaining a focus on decentralized governance and user-driven development.
Cypher is decentralized onchain market infrastructure on Ethereum, emphasizing user ownership.
Is being monitored as a decentralized onchain market infrastructure built on the assumption that Ethereum Mainnet matters and users should own market infrastructure.
Distributes incentives through options (oCYPH) that require either long-term alignment or ETH buybacks.
Offers staking with yield distribution from protocol earnings
Genesis Pools launched November 10 with ICO capped at 450 ETH that filled quickly. TGE and secondary trading scheduled for December 16 with initial liquidity exclusive to Cypher AMM.
Token listing on IMF markets announced, with integration allowing users to borrow against collateral on IMF crypto lending platform to participate in the ongoing ICO.
The platform has processed $65B in volume on Arbitrum.
xGRAIL holders receive whitelist allocation for ICO starting 4pm UTC today, with airdrop distribution scheduled for the coming week after TGE.
xGRAIL holders receive an airdrop of xCYPH and whitelist allocation for the ICO on December 11th, with snapshot closing December 8th for holders with staked or non-vesting xGRAIL.
Platform offers 15% points boost on LP provision for holders of Milady, Remilio, YAYO, and Fumo404 NFTs.
$CYPH perpetual futures trading is now live on Vest platform.
Genesis Pools kick off tomorrow.
$GRAIL token holders are eligible for $CYPH airdrop distribution.
DEX and Launchpad launch scheduled for Monday, with over 70% of $CYPH tokens going to community through fair launch.