Eric Cheung is a blockchain entrepreneur and co-founder of Cygnus Finance, a decentralized finance (DeFi) protocol. He has established himself in cryptocurrency through his work on lending protocols and financial infrastructure development. ^{[1] [2]}

Education

Cheung graduated from Shanghai Jiao Tong University and KU Leuven, where he studied Economics and Law. ^[1]

Career

Cheung 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.

In August 2023, he co-founded Cygnus, a project based in Palo Alto focused on decentralized finance. ^{[1] [4]}

Presentations

Demo Day

During OnePiece Labs' AI + Web3 Demo Day, Cheung introduced Cygnus Finance as the first modular layer to link non-EVM systems, such as TON and Bitcoin, with EVM ecosystems. He identified two main issues facing the crypto world: the liquidity separation between EVM and non-EVM systems, particularly after the Bitcoin ETF launch, and the lack of new users for emerging decentralized technologies, which threatened the viability of existing infrastructure. Cygnus Finance aimed to provide liquidity and yield for assets across different systems to address these challenges, utilizing an EVM-compatible solution that integrated Ethereum's 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 and integrate with ZeroG, targeting a public launch in early 2025. ^[3]