{"id":"eric-cheung","title":"Eric Cheung","content":"**Eric Cheung** is a [blockchain](https://iq.wiki/wiki/blockchain) entrepreneur and co-founder of [Cygnus Finance](https://iq.wiki/wiki/cygnus-finance), a [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) protocol. He has established himself in [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) through his work on lending protocols and financial infrastructure development. [[1]](#cite-id-FuSP29poxz) [[2]](#cite-id-lnyiFt6LTT)\n\n# Education\n\nCheung graduated from Shanghai Jiao Tong University and KU Leuven, where he studied Economics and Law. [[1]](#cite-id-FuSP29poxz)\n\n# Career\n\nCheung began his career at IBM in February 2017. He worked on natural language processing (NLP) and AI-focused projects, where his responsibilities included applying big data analytics and NLP technologies. From June 2020 to June 2022, he was an investor at JD Capital. He contributed to global investment management and alternative investment projects during this time. He was involved in various projects and supported team improvement in annual profit metrics.\n\nIn August 2023, he co-founded [Cygnus](https://iq.wiki/wiki/cygnus-finance), a project based in Palo Alto focused on [decentralized finance](https://iq.wiki/wiki/defi). [[1]](#cite-id-FuSP29poxz) [[4]](#cite-id-BzLMxbt87Q)\n\n# Presentations\n\n## Demo Day\n\nDuring OnePiece Labs' AI + [Web3](https://iq.wiki/wiki/web3) Demo Day, Cheung introduced [Cygnus Finance](https://iq.wiki/wiki/cygnus-finance) as the first modular layer to link non-[EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) systems, such as [TON](https://iq.wiki/wiki/the-open-network-toncoin) and [Bitcoin](https://iq.wiki/wiki/bitcoin), with [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) ecosystems. He identified two main issues facing the [crypto](https://iq.wiki/wiki/cryptocurrency) world: the liquidity separation between [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) and non-[EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) systems, particularly after the [Bitcoin ETF](https://iq.wiki/wiki/bitcoin-etfs) launch, and the lack of new users for emerging decentralized technologies, which threatened the viability of existing infrastructure. [Cygnus Finance](https://iq.wiki/wiki/cygnus-finance) aimed to provide [liquidity](https://iq.wiki/wiki/pol-protocol-owned-liquidity) and yield for assets across different systems to address these challenges, utilizing an [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm)-compatible solution that integrated [Ethereum's](https://iq.wiki/wiki/ethereum) security and data availability. Key features included a general Telegram SDK to facilitate user onboarding and a liquidity validation system that enabled yield generation from various asset classes. His announcement highlighted significant achievements, such as a substantial increase in total value locked and recognition by leading projects and foundations. Additionally, the platform planned to launch a beta [testnet](https://iq.wiki/wiki/testnet) and integrate with ZeroG, targeting a public launch in early 2025. [[3]](#cite-id-zIAw4V1Znd)\n$$widget0 [YOUTUBE@VID](https://www.youtube.com/watch?v=hRShPcMb58w)$$","summary":"Eric Cheung is the co-founder of Cygnus Finance, known for his contributions to the DeFi space.","images":[{"id":"QmV8NJo6aRNxeetvDFdfjC3YANbd11wuG64KHMkmKjjfUD","type":"image/jpeg, image/png"}],"categories":[{"id":"people","title":"people"}],"tags":[{"id":"PeopleInDeFi"},{"id":"Founders"},{"id":"Developers"},{"id":"Ethereum"}],"media":[{"id":"QmfFVGr7RWQt2rznRZ2yuKHWEKDLciexa7Jhu79RcSXeXY","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=hRShPcMb58w","name":"hRShPcMb58w","caption":"","thumbnail":"https://www.youtube.com/watch?v=hRShPcMb58w","source":"YOUTUBE"}],"metadata":[{"id":"references","value":"[{\"id\":\"FuSP29poxz\",\"url\":\"https://www.linkedin.com/in/eric-cheung-b78292130/?locale=en\\\\_US\",\"description\":\"LinkedIn Profile\",\"timestamp\":1744828898068},{\"id\":\"lnyiFt6LTT\",\"description\":\"Cygnus Finance\",\"timestamp\":1744829548982,\"url\":\"https://www.cygnus.finance/\"},{\"id\":\"zIAw4V1Znd\",\"description\":\"Cygnus Finance | YouTube\",\"timestamp\":1744829579248,\"url\":\"https://www.youtube.com/watch?v=hRShPcMb58w&ab_channel=OnePieceLabsWeb3Talks\"},{\"id\":\"BzLMxbt87Q\",\"description\":\"Eric Cheung | Twitter\",\"timestamp\":1744829608490,\"url\":\"https://x.com/etternity2\"}]"},{"id":"twitter_profile","value":"https://x.com/etternity2"},{"id":"website","value":"https://www.cygnus.finance/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRRGJCkFJq9oYBTskFytjjYf8JgsBVvXDA3jEFTav6Tsc\""},{"id":"commit-message","value":"\"Republishing Eric Cheung wiki with updated content and references.\""},{"id":"previous_cid","value":"QmRRGJCkFJq9oYBTskFytjjYf8JgsBVvXDA3jEFTav6Tsc"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":[],"founders":[],"speakers":[]}}