Why Do We Need Cygnus?
We need Cygnus, the first modular real yield layer, because existing ecosystems face several key challenges. Ecosystems without real yield and a steady influx of new users ultimately lose vitality, leading to user and liquidity attrition.
The liquidity separation between EVM and non-EVM ecosystems. With the launch of the spot BTC ETF and more ETFs in the future, assets in non-EVM ecosystems and EVM ecosystems exhibit asynchronous cycles. Users urgently need solutions that can simultaneously provide liquidity and real yield for assets from different ecosystems.
Tech Without New Users and Engagement. Throughout the years, numerous platforms have emerged, boasting of groundbreaking technology. However, in the absence of a solid base of users and developers, they have vanished just as swiftly. Cygnus can address these challenges by integrating liquidity from different ecosystems, attracting new users and developers, and building a more robust and sustainable ecosystem.
In addition, Cygnus will exist as a ZK rollup Layer2. There exists no home for EVM-native ZK applications. We believe that ZK applications are the next generation of decentralized apps because of the strong attention to user safety that it delivers in an otherwise normal dApp experience; thus, creating the perfect environment for ZK applications to exist is critical for the continuing growth and expansion of web3.Current solutions do not fully address the needs of ZK applications to deploy and grow users in a scalable manner. General VM, EVM blockchains and zkEVM don’t provide the tooling to easily build and deploy ZK applications; if you manage to deploy one, your users will be burdened with high gas costs and slow performance. ZK networks that provide VM environments require developers to pick up new languages that lock those applications into specific ecosystems with a limited userbase. Notable features of Cygnus Network include:
Cygnus Network offers programmable ZK as an EVM-native L2
Cygnus’s Universal Circuits enable easy ZK application development using only Solidity
Leveraging modular DA for data availability and the zkEVM for scalability, Cygnus Network provides high scalability and low transaction fees for ZK applications.
Cygnus Network takes all of the work that the Cygnus team has already built on ZK and applies it directly into a scalable EVM environment specifically designed for deploying ZK applications through the help of modular DA and the zkEVM.
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