CyberFi — Intelligent DeFi Automation Platform. A deep dive.
CyberFi is a non-custodial intelligent automation platform for DeFi apps that combines a decentralized trading platform, an intelligent automation system for complex DeFi strategies, and a cross-chain layer for multichain DeFi automation.
Automation has been the main catalyst for the exponential growth of economies for the past two hundred years. DeFi is one of the latest advancements of financial innovation. However, it is lacking key automation elements that would streamline the processes and user experience. In order to keep the steady curve of evolution and growth of the DeFi space, the complexities and barriers of entry has to be eliminated or at least minimised. CyberFi is set to solve some of the most inhibiting and challenging problems when it comes to trade execution, risk mitigation, and interoperability on decentralized exchanges.
CyberFi Trading platform
Trading based on placing limit orders has been very efficient and widely adopted by CEXs for many years. From the technical perspective it is easily done on exchanges that are using order books for trade execution. CyberFi solves the technical intricacies in the background and allows implementation of automatic smart order execution. Based on “PDI — Price Divergence Indicators” available through Oracles, it resembles “limit orders” on CEXs, but are executed through liquidity pool based DEXs such as Uniswap. CyberFi will stream the live price feeds from several exchanges based on a “Best Trade Value” (BTV) concept, that autonomously search for the best price and the smallest fees available on the market.
Alongside that, CyberFi will provide risk mitigation mechanisms for highly-volatile assets, with PDI Change Speed (PDICS) embedded into automatic smart orders. The trader will be able to set up the parameters of a trade based on price or percentage change against time for a particular token using a PDICS.
Example: If “Token $X” price makes a “- 10% change” in the span of “20 min” then sell 100% of “Token $X” immediately.
Other features TBA.
Automation of Complex DeFi strategies
Yield farming has been one of the main catalysts for exponential growth of the space. It can capture very generous returns, on the other hand, it carries significant risks. Yield farming projects incentivise users with high APYs to stake into LPs with their native tokens, which creates an inflation spiral and an inevitable price reduction. In order to participate, the trader is binded in a chain of events related to manual entry or exit, approving or signing the transaction. Every single transaction involves a GAS fee, and that can become a frustrating and costly process. CyberFI will utilise developed Price Triggers and BTV to support users with complex data calculations to set up the correct Automatic Orders to mitigate risks of Divergence/Impermanent Loss. Pre-defined parameters and automation of execution will be vital for participating in High-risk Farming. This tool is a game changer not only in the yield farming game, it is changing the DeFi user experience as we know it today.
CyberFI team made a decision to prioritise development of automation tools to improve this specific area. The access to Alpha testing version will be granted to selected 50 active community members. Everyone is welcome to fill in the registration form. In order to ensure the quality of future development we are looking for high quality feedback. Therefore, we will give priority access to users who will submit ETH addresses that will reflect active interaction with yield farming protocols. Early alpha and beta testing will be available for our curated whitelisted community members, who will be incentivised for their valuable feedback with priority access to new CyberFi products and limited supply NFTs (more information TBA).
Cross-chain Automation
CyberFi will enable users to create cross-chain automated complex event scenarios on blockchains such as BSC, COSMOS, Polkadot, and others. This would allow CFi holders to effectively move over a part of their cryptocurrency funds onto a different network or participate in an event or an exchange.
CFi Token
The native CyberFi token — CFi will be used for governance, fees, access to private products, and automation strategies. We are focused on governance as the community will drive product-market fit.
The Token Economics are focused on a gradual increase in circulating supply creating a healthy environment for all contributors.
Supply: 2 400 000 CFi
800 000 CFi — Alpha Round and Cyber Round, lock up 9 weeks, first week 20% unlock, after that 10% unlock weekly.
500 000 CFi — Strategic Partners, 6-month vesting period.
300 000 CFi — Development, locked for 9 weeks, after 5% unlock weekly.
250 000 CFi — Initial Liquidity Team-owned, 20% will be locked on Listing.
300 000 CFi — Marketing and Community Growth.
200 000 CFi — LP and Staking Rewards. Unlock 4 months (25% a month). CFi tokens allocated for additional liquidity and incentives.
50 000 CFi — Transaction Mining Program, 24 weeks unlock period.
In the first 3 weeks of November we will lead a Token Generation Event which will span across an Alpha Round and a Cyber Round.
Token Sale — Alpha and Cyber Rounds
Alpha Round — available 350 000 CFi, price 0.5$. Min/Max Personal Cap: 2000$/40000$.
Lock Period: Lock up — 9 weeks, first week 20% unlock, after that 10% unlock weekly.
Start Date: The 5th of November 2020, 11PM UTC.
End Date: The 6th of November 2020, 2PM UTC.
Cyber Round — available 450 000 CFi, price 0.6$. Min/Max Personal Cap: 600$/30000$
Lock Period: Lock up — 9 weeks, first week 20% unlock, after that 10% unlock weekly.
Start Date: The 11th of November 2020, 11PM UTC.
End Date: The 12th of November 2020, 2PM UTC.
Initial Token Distribution: The 13th of November 2020, 4PM UTC.
Uniswap Listing: The 13th of November 2020, 4PM UTC.
Alpha-Test and Roadmap
The CyberFi team is proud to say that it is one of the few companies that have self-funded their development to Alpha stage. It’s ready on the Ethereum mainnet and we will be opening doors to first tester early in November. CyberFi Alpha contains a limited amount of features, nevertheless, solving one of the largest problems of DeFi today — LP management.
Cyber Team
Geralt, CEO
6 years in Senior Management. 3 years of creating DeFi products. CEX — 2017. Oracles — 2018. Cross-chain DEX — 2019. Private blockchain solutions for large corporations — 2020.
Igor Sokolov, CTO
15 years of Development. 4 years building in the crypto space. 7 Hackathons won. Worked with many different blockchains, is an expert in crypto exchange development and layer 2 applications.
Darius Greicius, CMO
6 years in Senior Management. 5 years in financial markets. 4 years in crypto. 5 years creating and implementing business development and marketing strategies for the private and public sectors.
Jeff Kirdeikis, Advisor
Jeff is the Founder and CEO of both Trustswap — a DeFi ecosystem platform and Uptrennd, the world’s most engaged blockchain-based social media platform. He is the host of The Bitcoin and Crypto Podcast, and runs the worlds most engaged FB crypto group.
Social Media
Telegram Announcements: http://t.me/cyberfi
Telegram Chat: http://t.me/cyberfi_tech
Twitter: https://twitter.com/cyberfi_tech
Medium: https://medium.com/cyberfi
