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AVS Screening - Cyber MACH

Cyber MACH

Contract address: 0x1F2c296448f692af840843d993fFC0546619Dcdb
Website: https://cyber.co/
Twitter: https://x.com/BuildOnCyber
Docs: https://docs.cyber.co/
Blog: https://cyber.co/blog
AVS Category: Rollups
ETH Restaked: 595,248.915
Total Operators: 45
Total restakers: 74,447
Competitors: Near SFFL, Gelato, Espressp
Mainnet Date: May 28th 2024
Economic Security wanted: $2.79b
Operator limits: None
Points program: None

AVS Description

Cyber MACH is a fast finality AVS for Cyber L2. Cyber is a restaked Ethereum Layer 2 designed for social dApps and MACH represents the fast finality AVS developed by Altlayer.

Categorization

MACH is a rollup service with a finality focus on social applications.

Unique Selling Proposition

MACH aims to provide faster transaction finality for rollups better relative to sequencers that provide weak finality guarantees, this is important since social applications are latency sensitive i.e. there is a user expectation of fast message delivery or profile updates. MACH benefits that are relevant to Cyber MACH include:

  • Fast confirmation for rollup transactions
  • Crypto-economic security to handle malicious network participants

MACH's flexibility across proof systems, runtimes, and its seamless RPC integration make it a valuable infrastructure component for enhancing rollup scalability, security, and real-time transaction processing.

Economic Model

Operations related to Cyber MACH are managed by Altlayer. Operators are onboarded in a similar fashion to Altlayer operators, CYBER, Cyber network's native token along with restaked ETH are utilized as delegations to Cyber MACH to support the Cyber infrastructure. A slashing mechanism is implemented to ensure operational integrity.

Cyber MACH AVS initially launched in operator allowlist mode. A sequencer fee is distributed to node operators, stakers, and developers.

Points Program

N/А

Other Product Information

No other product information was observed at time of writing.

Builders

(Based on Altlayer)
Yaoqi Jia - founder and CEO. Co-founded Zilliqa where served as CTO.
Amrit Kumar - COO. Co-founder of Zilliqa, former Chief Investments Officer of the company.
Tan Jun Hao - Head of Product Engineering. Ex- core developer of Zilliqa.

Backers

(Based on Altlayer)
Investors: Polychain Capital, Jump Crypto, and Breyer Capital in Seed Round; Strategic Funding Round co-led by Polychain Capital and Hack VC, with participation from OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC; Undisclosed investment by Binance Labs

Partnerships: EigenLayer, Sovereign SDK, HyperLane, Celestia, Orbiter Finance, Espresso Systems, Radius, Double Jump.Tokyo, Arbitrum Orbit

Centralization

Mainnet AVS Contract: 0x1F2c296448f692af840843d993fFC0546619Dcdb.
The contract is owned by a 2/3 multisig with the following signers:
0x834F78E947Aafbcb970087bD2acDd2476Bc3f216
0x065A171B5812a31BDDb1c011273CadEda36fA81C
0x5f17Ea23387fBAc3E939302D8Beee48f02c28dF7

Security

Specific audits on Cyber MACH contracts are not listed in Altlayer docs. A close proxy, Altlayer MACH audits are supplied below.

Peckshield audit findings are with low and medium severity.

n-var Consulting audit addressed more severities in the same categories, that have been remedied.

Maturity

Mainnet date: May-28-2024

Operators Opt-Out

Documentation does not indicate a mandatory waiting period for operators who wish to opt-out.

Regulatory Complexity

Low risk of legal challenges is anticipated for the project, rooted in the infrastructural nature of the MACH stack, which positions it to be regulatory agnostic.

Risk Considerations

  • Multisig, comprised of non-doxxed individuals, controls the AVS contract;
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