DeFi’s abundant offerings are a core part of its appeal, however, this can also make it overwhelming to deal with.
For certain segments of the DeFi audience, having a long list of options only feeds their confusion. However, a solution like CYBRO exists to make it easier for newcomers, amateurs, and even seasoned investors to navigate the DeFi landscape.
CYBRO is a yield aggregation tool that leverages artificial intelligence to deliver ease to DeFi users.
The CYBRO team created the platform in response to challenges they encountered as participants in the space. Dubbing it an “earning marketplace,” they set out to simplify the yield farming process while also helping to maximize returns.
Using AI, CYBRO presents users with investment options that account for their desired levels of risk and profit. They aim to reduce the time investors spend sorting through the crypto market’s numerous offerings. The platform takes a strongly user-centric approach and illustrates this by providing single-point access to earning opportunities.
CYBRO Utilizes Blast’s Unique Features
CYBRO operates on the Blast L2 blockchain network. As a scaling solution, the network prioritizes speed, efficiency, and cost-effectiveness. CYBRO harnesses Blast to deliver those features to users in addition to a unique advantage the network carries.
Blast is known to be the only Layer-2 Ethereum solution that offers native earnings on ETH and stablecoin holdings. Unlike other L2s, which offer a default interest rate of 0%, Blast L2 provides an automatic 4% APY on ETH and 5% APY on stablecoins. As such, CYBRO utilizes the network’s ecosystem to offer users a high native APY.
The CYBRO team has stated that they intend to expand their platform beyond Blast L2. According to the team, the yield aggregator tool will have its own infrastructure in the future. CYBRO also plans to integrate existing market offerings and solutions, further tying into its focus on user-friendly operations.
How Exactly Does CYBRO Work?
As stated earlier, CYBRO aims to create easy access to crypto investments mainly through yield farming. With yield farming, investors lend or stake their assets on a platform in exchange for profit. CYBRO further simplifies this interaction through its main feature: a set of investment vaults.
The idea of CYBRO’s investment vaults is to provide users with premade strategies for yield farming. The AI-based platform offers two kinds of strategies, namely centralized and decentralized strategies.
- Decentralized (Non-custodial) Strategies: The main advantage of decentralized strategies is that investors remain in possession of their assets. As such, this option comes with greater security. The tradeoff, however, is that the individual has to make all the key investment decisions and that can be a lot of work.
- Centralized Strategies: The benefit here is the automation and ease of use, allowing the investor a certain freedom. However, they do have to place their assets in third-party custody which comes with a higher level of risk.
Additional Features
According to the roadmap, CYBRO has other features in the works to make the investment process less complicated. For instance, the team recently made it possible for users to make direct crypto purchases using their credit cards. Some other upcoming features are;
- One-Click Investment: This seamless CYBRO feature integrates DeFi and CeFi opportunities into a single, streamlined process.
- AI-Broker: CYBRO intends to roll out an AI chatbot that helps investors make smart investment choices for their portfolios. To make these personalized recommendations, the bot analyzes data on current and historical returns.
- Farming pool aggregator: This AI-powered tool helps investors identify farming options that can provide the highest returns.
An Overview of the CYBRO TOKEN
An integral part of the yield aggregator’s offerings is its utility token $CYBRO which provides exclusive benefits to holders. Top of the list is the platform’s traditional staking setup which allows users to earn passively. Also, CYBRO rewards individuals for utilizing its marketplace, and this offers additional benefits such as:
- Discounted Trading and Lending Fees:
$CYBRO holders get a discount on the fees for transactions like trading and lending. However, the reduced costs are dependent on the user’s tier.
- Staking and Higher Yields:
Users can earn more profit by staking the platform’s native coin. CYBRO offers an APY that encompasses earnings from the Blast network as well as from holding $CYBRO.
- Cashback
CYBRO incentivizes transactions with a cashback system. Users receive a percentage of their spending back in exchange for using the marketplace.
- Insurance Program
CYBRO users can shield their funds against potential losses via the platform’s insurance program.
$CYBRO Tokenomics Structure
The total supply of the CYBRO token is 1 billion units, 21.5% of which is allocated for the token presale. Per the tokenomics, 8% will go towards maintaining liquidity while airdrops and rewards will take up 5% of the supply. 10%, 18%, and 14.5% are allocated for the staking program, team & advisors, and reserve respectively, among other categories.
The aforementioned presale went live on the 5th of April and was soon followed by the public presale on the 11th. Up next for CYBRO is the Token Generation Event and the token listing which will take place in December. Notably, the team released the dApp earlier this year in July.
CYBRO Points
CYBRO also features a points system that gives holders automatic participation in token airdrops. According to the team, those with a large number of points are eligible to receive more $CYBRO. Users can acquire the platform’s special points through various means such as;
- Buying $CYBRO: The platform awards points for purchasing its native token. The more a user spends the more points they earn. For instance, purchases between $20-$100 earn 5 points while purchases between $500-$1,000 earn 8 points.
- Using CYBRO Services: CYBRO users can earn points by utilizing the yield aggregator’s offerings. These include its investment vaults, staking options, and other services.
- Community Participation: CYBRO doles out special points to individuals who are involved in the community. Relevant activities include contests, AMA sessions, and overall support for the platform.
- Referrals: CYBRO has a referral program through which users can refer friends and earn points for each signup.
CYBRO’s Commitment to Security and Community Engagement
The CYBRO team notes the need to earn investor confidence despite wanting to preserve their privacy. To bridge these perspectives, the project has undergone audits by respected crypto security firms such as CertiK and Assure Defi. The platform successfully passed both its KYC audits, earning a CertiK security score of 79.65.
CYBRO provides governance reports each month as part of its commitment to transparency. Additionally, the team regularly addresses community concerns via AMA sessions on Twitter Spaces. They are active on other social media platforms such as Discord and Telegram, and have over 10,000 and 20,000 members respectively.
Notably, the project has a $25,000 bug bounty reserve to help maintain security. This covers rewards for spotting vulnerabilities in its smart contracts (presale, token, vaults) and the CYBRO dApp (front-end and back-end).
Conclusion
CYBRO is the center where AI and crypto investments converge. By powering its yield aggregation with AI, CYBRO creates a DeFi ecosystem devoid of complexities. Crypto investors, from veterans to newbies, can now have access to yield farming strategies as they journey towards profitability. Furthermore, users can expect future innovations that will further streamline the investment process.
Through its native token, CYBRO encourages users to engage with the platform by building trust through offering several avenues for earning. It has also set up systems to protect user investments, maintain openness, and strengthen security, further building confidence within the community.
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