The return to ETH L1: @cypher_ethereum
There's a lot of hype around new L2s & L1s (megaETH, monad) but ETH is quietly making major efforts to scale (peerDAS, verkle trees, higher gas limits)
Cypher is a DEX & launchpad only focused on ETH L1, no VCs, Genesis Farms now open 🧑🌾
It's obvious that ETH is now focusing on L1 scaling, but there is still no good way to get exposure to it.
Cypher is the chance to bet on the ETH roadmap at the earliest point. They have no VCs and 70% of the supply is going to users, with the sale starting at $1.35m mcap.
Novel V4 AMM built on the Algebra framework (Blackhole uses this), similar to Uniswap V4 but more features.
The first points program is now live and the yields are the highest on ETH:
Points have 2 purposes: 1) airdrop, and 2) access to $CYPH ICO sale
The $CYPH sale will happen in 4 weeks at a modest 1.35M circulating MC. Only people with Genesis points can participate in this presale. It'll happen on cypher's own ICO platform for onchain fundraising
I expect other high profile ETH mainnet launches to raise via this platform
There's really no other DEX on mainnet besides Uniswap. Cypher is optimizing for ETH L1 and betting heavily on the mainnet scaling roadmap
No VCs, community 1st priority with the genesis airdrop + ICO. Team toiled for years on Arbitrum.
Ethereum Capital Markets.
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