We contributed to Lido DAO, P2P.org, =nil; Foundation, DRPC, Neutron and invested into 150+ projects
Walt Smith and Konstantin Lomashuk
Oct 18, 2024We are excited to share our investment in Predicate, a company working on secure app expressivity with transaction prerequisites. Predicate unlocks expressivity without compromising decentralization by hosting logic on a secure and open operater set. DAOs and other clients own the logic, which amplifies protocol's ability to monitor and control its flow-of-funds, handle exploits , and rate limit other user action.
Artem Kotelskiy and Konstantin Lomashuk
Aug 26, 2024We are excited to share our investment in Chainbound, an Ethereum company focused on bolt — a protocol for Ethereum preconfirmations and other proposer commitments. Bolt unlocks sub-second transaction experience for users and creates a new revenue source for Ethereum proposers. Bolt’s design focuses on trustless participation via restaked collateral, as well as compatibility with the existing mev-boost PBS pipeline. This provides safe, neutral and incentive-compatible introduction of new proposer commitments, pushing Ethereum’s innovation frontier forward.
Konstantin Lomashuk and Vasiliy Shapovalov
Dec 14, 2023We are thrilled to announce the relaunch of cyber•Fund: a private investment company led by Konstantin Lomashuk and Vasiliy Shapovalov which consists of a liquid portfolio, a strategic portfolio and a new $100mm venture arm. We believe that the future will be radically transformed by technologies emerging today. Our aim is to help fuel the founders accelerating the frontier of the new cybernetic economy at the intersection of blockchain, robotics, AI and IoT.
Stepan Gershuni, Vitaly Kleban
Sep 4, 2024What to build, where to invest and what to expect from Decentralized AI: 38 ideas, open opportunities and challenges in decentralized & distributed AI
Vitaly Kleban, Stepan Gershuni
Sep 9, 2024This article explores the key technology areas, recent advancements and open opportunities for research in the space of Decentralized AI.
Vitaly Kleban , Stepan Gershuni
Jul 17, 2024Cyber.Fund sponsors TinyML Foundation to accelerate communication-efficient model training and provide AI access to the physical world and real economy. TinyML Foundation has over 19,000 members across 38 countries, significant educational initiatives, and partnerships with academia and industry, the foundation is at the forefront of advancing AI at the edge.
Artem Kotelskiy, Danny McNutt, Sonya Kim and adcv
Jul 6, 2024Maximum Viable Security (MVS) is a new framework for Ethereum Issuance. In collaboration with Steakhouse, we derive this monetary policy framework from the core values of Ethereum – security and neutrality. In short, MVS maximizes security without compromising scarcity, while MVI minimizes issuance without compromising security. In other words, MVS prioritizes expansion over efficiency, while MVI does the opposite. We also apply MVS to the issuance reduction proposal, by showing that issuance reduction can compromise security and neutrality in a direct way. We study solo stakers’ cost structures and staked ETH concentration with Coinbase, and show that the latter effect, on balance, far outweighs the advantages of cutting the issuance.
Walt Smith, Konstantin Lomashuk, Vasiliy Shapovalov
Jul 3, 2024Despite being the sole network with explicitly defined monetary policies, Bitcoin continues to lack the expressivity and scale needed to make its currency - bitcoin - useful. Bitcoin’s smart contracts and apps today consist of unscalable or inefficient schemes incapable of hosting scalable censorship resistant apps. With the goal of encouraging open, neutral development of Bitcoin, Cyber•Fund is proud to have given a grant to ZeroSync, the nonprofit behind the BitVM and adjecent technologies.
Konstantin Lomashuk, Stepan Gershuni, Walt Smith
Jun 18, 2024We are excited to announce our investment in MetaLeX, a company which opens the opportunity of DAOs to the world by giving DAOs new, granular control over themselves. MetaLeX heightens DAO efficiency and accountability with BORGs - next-gen cybernetic orgs which scale socially, are agile, legally sound and, above all, accountable. With BORGs, traditional businesses can effectively leverage blockchain networks and existing DAOs gain alignment with contributors, foundations, and backers via bespoke legal structures and next-gen code (escrows, liens, etc).
Konstantin Lomashuk and Artem Kotelskiy
Jun 11, 2024We are pleased to announce our investment in Symbiotic, a new protocol for shared security. Symbiotic helps networks build faster and more securely by providing permissionless restaking. Its immutable core contracts completely remove governance risk and censorship, while bespoke-by-network components enable faster deployment and enhance flexibility. This radical open design ensures discovery of the full spectrum of risks within networks, allowing liquidity to assess, compare and choose an appropriate profile.
Walt Smith, Konstantin Lomashuk
May 27, 2024Since securities first traded, public capital markets have served as the cornerstone for individual economic well-being and global commerce. However, inefficiencies have limited access to markets to those sileod in the jurisdiction of orgin. We are excited to announce our investment in Backed, a company at the forefront of tokenization. By leveraging the Swiss DLT act and neutral networks like Ethereum, Backed lets anyone access open, secure, and composable capital markets.
Konstantin Lomashuk and Artem Kotelskiy
Feb 5, 2024We announce a $500k cyber•Grants Program devoted to studying the broad impacts of Ethereum issuance policy changes, in particular on the staking economy and its decentralization. As part of motivation, we present a basic analysis suggesting that the currently proposed MVI policy hurts solo & decentralized actors much more than the centralized ones, and describe a realistic scenario where Coinbase controls >51% of ETH staked.