Frequently Asked Questions
What is Cypher?
Cypher is an Ethereum-native liquidity and market infrastructure protocol.
It brings together several core products — an AMM for trading, a capital formation platform (launchpad), a token factory, and a reward system — all designed to return value to users and the Ethereum ecosystem.
Cypher is community-driven and launching publicly through its Genesis event and Fair-Launch sale.
Is Cypher VC-funded?
No. Cypher has no private or VC investors.
It’s a fair-launch, community-owned protocol built entirely on Ethereum Layer 1.
What is the Capital Formation Platform?
It’s Cypher’s on-chain system for new project launches — think of it as a launchpad where teams can raise liquidity transparently on Ethereum.
It allows users to participate directly in project launches while keeping all activity on-chain and verifiable.
How long does Genesis run for?
Genesis Pools run for 8 weeks, starting Monday, 10 November, 9:00 PM UTC.
During this time, users earn points by providing liquidity or trading eligible pairs.
At the end of Genesis, points convert into oCYPH, which then become part of your rewards.
How does the $CYPH Fair-Launch work?
A two-day sale takes place in early December 2025 (target 11–12 Dec) at a fixed price, raising $1.5 M for a $15 M FDV.
10% of total supply is sold — Day 1 for whitelisted users, Day 2 open to everyone.
How is the whitelist determined?
Whitelist access is earned through Genesis activity during the first four weeks.
A portion of the whitelist is also reserved for xGRAIL holders.
Who is eligible for the airdrop?
Two groups qualify:
1️⃣ Genesis participants (LPs and traders)
2️⃣ xGRAIL holders and stakers.
xGRAIL in redemption does not qualify.
What are CYPH, xCYPH and oCYPH?
CYPH is the main liquid token of the protocol.
xCYPH is the locked version that receives protocol rewards and buybacks.
oCYPH is earned through events like Genesis and can later be converted into xCYPH or CYPH.
What is the total supply and allocation?
The maximum supply is 1 billion CYPH, distributed as follows:
65% Community rewards • 15% Team • 10% Fair-Launch • 7% DAO Treasury • 3% Protocol-owned liquidity.
How does Cypher generate value for holders?
Cypher collects revenue from AMM trading, the capital formation platform, the token factory, and conversions.
That revenue is used to buy back CYPH and distribute ETH rewards to xCYPH stakers.
What is V2?
V2 is the classic constant-product AMM model — simple, reliable, and easy to use.
You deposit equal amounts of two tokens, and traders swap against your liquidity.
You earn a share of trading fees automatically.
It’s ideal for users who prefer a passive, long-term position.
What is V4?
V4 introduces concentrated liquidity, letting LPs choose the price range where their funds are active.
When trades happen inside your range, you earn more fees with less capital.
If the market moves outside your range, your position stops earning until you adjust or expand it.
How do I set up a V4 range?
Pick a token pair, then set the minimum and maximum price where you want to provide liquidity.
A wide range is safer but earns less.
A narrow range can earn more but requires monitoring.
If price leaves your range, you can rebalance or widen it to start earning again.
What are the risks of providing liquidity?
Providing liquidity carries some risk.
The main one is impermanent loss — your token value can change compared to simply holding them.
In V4, positions can also move out of range, which pauses your fee earnings until adjusted.
Always check pool volatility and your range before depositing.
What is slippage when trading?
Slippage is the small difference between the quoted price and the final execution price of a trade.
It happens when prices move during your transaction or when liquidity is low.
You can set a maximum slippage tolerance in the swap window to limit how much price movement you accept.
How do I farm or earn rewards?
Provide liquidity in eligible V2 or V4 pools.
Some pools offer additional reward campaigns that pay out oCYPH or other tokens. Incentivized pools are marked by cypher logo.
You can claim rewards directly in the Cypher app at any time.
How do I swap tokens?
Use the swap page in the Cypher interface.
Choose the tokens and amount you want to trade — the system automatically finds the best route.
You’ll see the price, fee, and estimated slippage before confirming the transaction.
What is the Token Factory?
The Token Factory lets anyone create a new token on Ethereum without writing code.
You set the name and basic details, and Cypher automatically creates the LP, allowing your token to be traded immediately.
What is the Incentive System?
It’s how projects or individuals reward users for providing liquidity.
When you join a pool with an active campaign, you automatically earn extra rewards like oCYPH or partner tokens.
This helps projects attract and retain liquidity on Cypher.
Is there a DAO?
Yes. The Cypher DAO manages the protocol treasury and key governance decisions.
7% of the total supply is reserved for DAO governance.
Are contracts audited?
Yes. All smart contracts have been independently audited, and the reports are available on the Audits page.
Where can I get help?
Join the official Cypher Discord for support and updates.
Always use official links — the team will never DM you first or ask for wallet details.