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The Engine of Ethereum Capital Markets

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Built for Ethereum. Owned by the Community.​

Liquidity is the lifeblood of any chain. But despite being the greatest Layer 1, much of Ethereum’s volume still flows through misaligned, VC-driven protocols.

Cypher is a purpose-built capital formation platform and decentralized exchange, designed exclusively for Ethereum Layer 1.

Cypher powers the markets where capital is formed, traded, and distributed, driving a new era of open, community-owned liquidity infrastructure.

  • Ethereum: aligned exclusively with the ecosystem — no VCs, no private investors, owned by the community.
  • Capital: decentralized fundraising and token launches for real builders.
  • Markets: advanced, gas-efficient liquidity infrastructure built for Ethereum.

Ethereum Capital Markets​

Liquidity​

  • Novel Univ4-like CLAMM architecture
  • Gas-efficient DEX, bespoke for Ethereum L1
  • Fully audited and battle-tested with >$50bn volume
  • Modular plugins for endless features

Capital Formation​

  • Fair-launch platform for decentralized capital raises
  • Fully customizable and permissionless token launches
  • Bespoke support for native builders

Alignment​

  • Exclusive to Ethereum Layer 1
  • Purpose-built for ecosystem builders
  • No VCs. No private investors
  • All revenues distributed to token holders
  • Over 70% of $CYPH supply allocated to the community

Initial Launch Sequence​

Genesis Farm Airdrop​

  • Begins early 2nd week of November — 8-week event

  • Provide V4 concentrated liquidity or trade for the whitelisted pairs to earn airdrop points

  • Focused on ETH ecosystem pools:

CommunityEcosystem ProtocolsStablesCore
SPX/ETHwstETH/ETHUSDT/USDCETH/USDT
MOG/ETHLINK/ETHUSDe/USDTWBTC/USDT
PEPE/ETHDAI/USDT
CULT/ETH
BITCOIN/ETH
RAIL/ETH

Token Fair-Launch​

  • Starts once Genesis Farms conclude — early December
  • Fixed-price sale at seed valuation
  • 10% of supply allocated

Full Protocol Launch​

  • Begins after the fair-launch sale
  • $CYPH trading live
  • AMM, liquidity incentives, launchpad activation, and staking

Tokenomics​

No VCs — all fees flow back to the token. A long-term, value-accruing flywheel designed for sustainability.

  • CYPH — Liquid token, tradable on open markets.
  • xCYPH — Locked version of CYPH. Protocol revenues flow to xCYPH holders as real yield. Redeemable to liquid CYPH over a 6-month vesting period.
  • oCYPH — Earned through liquidity incentives. Convertible 1:1 to xCYPH, or to liquid CYPH via ETH buyback. ETH from conversions is used to repurchase CYPH from the open market.

Technical Features​

AMM & Liquidity Infrastructure​

Built on top of Integral — a Univ4-like CLAMM, battle-tested with over $50bn in volume and multiple audits. Designed around Plugins, a modular evolution of hooks architecture that enables native feature development directly on top of the AMM. Dynamic fees, gas-optimized swaps, and seamless integration with token launch tooling for new asset deployment.

Capital Formation​

Launchpad designed for large-scale capital raises with full customizability. Supports fair-launch auctions, fixed-price sales, and bonding-curve mechanics. The Factory enables permissionless token creation, with all new tokens seeded directly into Cypher AMM liquidity upon launch.

Roadmap​

Constant evolution of the AMM:

  • Lending
  • Impermanent loss optimization
  • Limit orders
  • Leverage
  • Oracles

Next milestones:

  • Launchpad expansion
  • Protocol decentralization
  • Cypher Accelerator Fund

Make Ethereum Cypherpunk Again​

Cypher is not just a DEX or launchpad — it is the ecosystem hub accelerating Ethereum-native builders.

Owned by the community. Purpose-built.

The Ethereum Capital Markets will usher in a new era of grassroots innovation — led by builders truly aligned with the founding vision and values of crypto.