Cyber Bee
About Cyber Bee
Cyber Bee is a cutting-edge IT services company specializing in Web3 & Blockchain and custom software development.
Our team has experience in building a TOP-15 Web3.0 ecosystem with more than $350 million TVL (according to DefiLlama). In addition, we built one of the fastest and cheapest Layer 1 EVM-network on Proof-Of-Stake protocol with its own nodes.
With over 7 years of experience, we have worked for clients that include individuals, startups, and enterprises in Web3&Blockchain, Fintech, Healthcare, Insurance, Logistics, Legal, Real Estate, and other industries.
Cyber Bee is a cutting-edge IT services company specializing in Web3 & Blockchain and custom software development.
Our team has experience in building a TOP-15 Web3.0 ecosystem with more than $350 million TVL (according to DefiLlama). In addition, we built one of the fastest and cheapest Layer 1 EVM-network on Proof-Of-Stake protocol with its own nodes.
With over 7 years of experience, we have worked for clients that include individuals, startups, and enterprises in Web3&Blockchain, Fintech, Healthcare, Insurance, Logistics, Legal, Real Estate, and other industries.
Key Insights
Services & Focus
Industry Focus
Client Focus
Portfolio
Delegated staking system development
Delegated staking system development
Delegated staking in the custom EVM-chain network refers to the ability of token holders to delegate their tokens to a validator node in order to participate in the network's proof-of-stake consensus mechanism and earn staking rewards.
Challenge
To create delegated staking systems that help secure the network and ensure that validators act in the best interest of the network.
By delegating their tokens to reputable validators, users can earn staking rewards without having to run their own validator nodes.
What approach was used
Delegated staking is implemented using the custom EVM-chain network and its own aBFT consensus mechanism.
Validators who want to participate in the network must stake a minimum amount of tokens and meet other requirements such as maintaining a high uptime and providing secure infrastructure.
Token holders can then delegate their tokens to these validators through a staking website interface.
Technologies
The custom EVM-chain network uses a variety of technologies to implement delegated staking, including aBFT consensus mechanism and smart contracts to facilitate token transfers and rewards distribution.
Creating LP Farming pools (DeFi)
Creating LP Farming pools (DeFi)
LP Farming on Decentralized Exchange is a way for users to earn rewards by providing liquidity to liquidity pools on the DEX.
Users can earn additional tokens by staking their liquidity pool tokens (LP tokens) in specific farms designated for each liquidity pool.
The LP farming system incentivizes users to contribute to liquidity on the exchange, which helps to increase liquidity and trading volumes.
Challenge
Create LP Farming pools on DEX, which will encourage liquidity providers to contribute to the liquidity pools on the exchange.
This helps to create a more vibrant and liquid trading environment for users, which in turn attracts more traders and investors to the platform.
What approach was used
It was implemented by creating new smart contracts that allow users to stake their LP tokens in specific pools to earn rewards.
The rewards are usually given in the form of the native custom token, and the amount of rewards that can be earned is determined by the amount of liquidity provided and the duration of the staking period.
The LP farming system uses an automated market maker (AMM) model, which allows for continuous liquidity provision without the need for order books.
Technologies
It was built on the custom EVM-chain blockchain.
The smart contracts were written in Solidity, and the LP farming system uses an AMM model that is similar to other decentralized exchanges like Uniswap.
The Decentralized Exchange interface was built using React and web3.js, allowing users to easily interact with the LP farming system and the DEX.
Results
The overall provided liquidity vary from $1 million to $2.5 million in token equivalent, depending on the chosen pool.
Blockchain Scanner (Explorer) development
Blockchain Scanner (Explorer) development
Blockchain explorer was developed specifically for the custom Layer-1 network. It provides users with a user-friendly interface to explore and track transactions, blocks, and smart contracts on the network.
Challenge
to provide a reliable and easy-to-use blockchain explorer for the custom Layer-1 network.
the explorer must also be able to aggregate and display data related to smart contracts and other blockchain activities.
What approach was used
The scanner was implemented as a web application that utilizes various APIs to gather data about the custom Layer-1 network. It provides an intuitive user interface that allows users to search for and explore transactions, blocks, and smart contracts. The project also employs various algorithms to provide advanced analytics and insights related to the network's activities.
Technologies
React.js
Node.js
GraphQL
it also utilizes various APIs provided by the custom Layer-1 network to gather data about transactions, blocks, and smart contracts.
Additionally, the project uses various data visualization libraries such as D3.js to display data in an intuitive and user-friendly way.
Smart contracts & backend part development (DeFI)
Polytrade is a decentralized trade finance platform that aims to transform receivables financing.
Developed
Smart contract for processing debtor requests with an auxiliary smart contract for debtor assessment and risk management;
Smart contract for the liquidity pool, from which loans will be issued and where they will be contributed by creditors, from where liquidity will be withdrawn upon confirmation of a receivable and where the loan amount will be returned and profits will be distributed
Backend part with API and admin panel.
Tech stack
Solidity
To implement smart contracts and automation scripts — HardHat was used;
For ease of deploying the backend, docker-compose with an Nginx-based proxy was chosen.
Within the framework of the smart contract, the following steps were implemented
The ability to work with any number of tokens implementing the ERC20 standard for adding liquidity and issuing loans;
The flow of the application, consists of several stages, covering the connection of smart contracts of the system, as well as the project token;
Mechanism of automated assessment of the applicant (scoring) by several indicators in two stages — first on the basis of the backend, then on the basis of a smart contract (double-check);
Web3 Lottery platform development
Web3 Lottery platform development
The developed decentralized lottery platform enables users to participate in a transparent, secure and fair lottery. The platform is built on a custom Layer-1 Network with external oracles.
It provides a trustless environment where players can participate without the need for intermediaries and can be sure that the results of the lottery are not manipulated.
Challenge
to develop a smart contract that can randomly generate winning numbers based on data from external sources (oracles).
setting up an interface for players to participate in the lottery, submitting their numbers, and receiving rewards.
What approach was used
The project was implemented using a combination of smart contracts and external oracles.
The smart contract generates the winning numbers randomly, and the external oracles provide the data for the generation process.
The oracle is a trusted third party and decentralized network that sources data from multiple sources and provides it to the smart contract. The smart contract then use this data to generate the winning numbers and distribute rewards to the winners.
Technologies
The project was implemented using Solidity
External oracles sourced from various decentralized oracle networks like Chainlink, Band Protocol, and Tellor.
Development of a Decentralized Exchange (Swap)
Decentralized Exchange (DEX) was built on the custom Layer-1 EVM-compatible blockchain, which allows users to trade various tokens in a trustless, peer-to-peer manner without the need for intermediaries. Created DEX supports multiple currencies, including popular – like BTC, ETH, USDT etc.
The main goal of developing a decentralized exchange
To offer users a seamless and low-cost trading experience with high liquidity and a wide range of supported assets.
Additionally, DEX aims to incentivize users to provide liquidity to the exchange by offering various rewards and benefits.
What approach was used
Decentralized Exchange was implemented using the Automated Market Maker (AMM) model, which uses mathematical algorithms to determine the price of assets based on supply and demand.
Specifically, DEX uses the popular AMM protocol, Uniswap, as a starting point and Cyber Bee team had made several optimizations and modifications to better suit the needs of the custom EVM-chain ecosystem.
Technologies
Decentralized Exchange was built using Solidity, the primary programming language used for Ethereum smart contracts, and leverages various tools and libraries in the Ethereum development ecosystem.
Additionally, Decentralized Exchange utilizes various components of the custom Layer 1 chain blockchain, to enable fast and secure trading.
Results:
- Total visits ~25k per month
- DEX trading volume ~ $100k/24h
Building an EVM-compatible Layer-1 chain
Building an EVM-compatible Layer-1 chain
Challenge
The main goal was to build a Layer-1 blockchain that provides a fast and secure way to transfer assets, as well as provides a platform for building multiple decentralized applications.
Blockchain should solve problems such as: the scalability and security limitations of existing blockchains.
What approach was used
The Layer-1 blockchain uses a directed acyclic graph (DAG) architecture to achieve faster transaction processing and higher throughput.
This approach allowed to use parallel transaction processing, rather than the linear processing used in traditional blockchain architectures.
The project also uses the asynchronous Byzantine fault tolerance (aBFT) consensus algorithm.
Technologies
Golang for the core protocol implementation,
Rust for the aBFT consensus mechanism,
Solidity was chosen for smart contract development,
WebAssembly for smart contract execution,
PostgreSQL for data storage,
GraphQL for API development,
React for building user interfaces.
Additionally, our team developed and actively works on various tools and libraries for interacting with the created EVM network.
Results
The chain is in the TOP-15 by TVL among other chains (according to DeFiLlama), with total TVL of $350 million.
Transactions amount is ~10000 transactions/day.
In 1 year, the total number of active network wallets reached ~100k
Software with legal specific features development
Software with legal specific features development
Magnus Legal is a software with legal specific features. It’s a new generation of online platform (CRM) that saves time and increases lawyers’ revenue.?? Law firms can work with clients more effectively by improving productivity and cost efficiency.
Business needs
Time tracking
Track project progress and manage the team better with intuitive timesheet reports.
Accounting
Have the possibility in CRM to create and edit invoices and other billing and other types of documentation
Security
Include in a system the Encryption, Security, Data Ownership, Control and Privacy, Abuse (GDPR)
Mobility
Possibility to have access to the database from all devices anytime
Solution
Sharing files with internal and external collaborators (including all activities)
Work from anywhere on any device
Integration with different services
Security (all sensitive information is encrypted)
Time tracking
Getting the project teams on the same page with unified, secure folders
Product Features
Already developed 6 modules – ready and working and managed to integrate 8 countries databases (business registry). Platform will be in different languages for better usage.
Modules developed
Manager dashboard
Time tracking
Task management
Document management
Contact management
Case management
Crypto portfolio managment platform (turnkey dev)
Crypto portfolio managment platform (turnkey dev)
Turnkey development of a crypto portfolio management platform. The product includes tools such as: portfolio optimization, correlation analysis, trading bot for rebalancing, backtesting trading strategies, social portfolios.
Developed
Backend development
Backend API and database
Development of a dashboard that displayed portfolio holdings and performance
Frontend development
Frontend integration with the backend API to enable real-time updates and trading.
API integration with the APIs of various cryptocurrency exchanges to enable real-time trading and portfolio rebalancing.
Deployed & Optimized
Deploying SaaS to a cloud-based infrastructure
Implemented optimization techniques such as caching, load balancing, and scaling.
Caching was used to reduce the load on the database and speed up data retrieval.
Load balancing was used to distribute the load across multiple servers, ensuring high availability and preventing overload.
Scaling was used to automatically provision additional resources to handle spikes in traffic or demand.
Web3 ecosystem development
Web3 ecosystem development
Building an blockchain network as well as its own ecosystem with over $350 million TVL from scratch.
Business needs
Creating a full-fledged Layer 1 EVM-compatible blockchain, based on Proof-of-Stake protocol with internal applications on smart contracts for it, including backend and architecture from scratch;
Creation of a successfully functioning web3 ecosystem, based on EVM-compatible Layer 1 blockchain with a decentralized exchange, blockchain bridge, native cryptocurrency asset and multiple functioning decentralized applications.
Specialists in blockchain development, business analysis, DevOps and such programming languages as Solidity, Python, JavaScript, Go, Typescript, Rust
Developed
Development of a Blockchain network based on Proof of Stake (PoS) protocol with its own ecosystem, which includes:
A farming system with multiple liquidity pools;
Staking system with multiple validators;
Internal NFT staking products with high APR;
Development of a blockchain bridge to enable sending crypto-assets between different networks of ETH/Binance Smart Chain/Polygon/Fantom;
Own cryptocurrency assets, available on multiple networks;
Decentralized exchange;
Assets listing on the developed decentralized exchange (DEX);
Internal scanner for transactions on the network
Technology
Solidity
Python
TypeScript
JavaScript
Go
Features and results
Native DEX, Bridge, delegated staking and bridge for multiple assets successfully launched on mainnet;
The total active users number reached ~100 000 less than a year after launch;
Total TVL of the network on all applications reached $350+ million less than a year after launch
Cyber Bee Reviews
Submit a review for Cyber Bee
Location
73859858123