Maximize Your Cross-Chain Transactions with Debridge

Debridge @deBridgeFinance, which raised $5.5 million in a seed round, is currently launching a points-earning activity. Users can earn points by conducting cross-chain transactions within the deBridge ecosystem, including the deBridge app and any partner applications. For every $1 in fees paid, users will receive 100 points. The more fees paid, the more points earned, which will be used for future token airdrops. Essentially, users can purchase points to earn future airdrop rewards.

Moreover, Debridge has retrospectively distributed points to over 200,000 users. Users who have regular cross-chain needs can use Debridge for transactions, as it offers additional fee compensation compared to other cross-chain bridges. Users can also specifically target transaction fees to earn points and potentially receive significant airdrop rewards in the future. Check it out here: Debridge Points

Project Overview

Debridge is a secure interoperability layer for Web3, enabling decentralized transmission of arbitrary messages and value across different blockchains. The verification of cross-chain transactions is executed by a network of independent validators elected by Debridge governance.

Project Background

The project secured $5.5 million in a seed round led by ParaFi Capital, with participation from Animoca Brands, GSR, IOSG Ventures, and others. The project was initially submitted during the Chainlink Global Hackathon in the summer of 2021, where it was selected as the first place winner among over 150 teams. The community is very active and the project has qualified for the Jupiter LFG Launchpad, with plans to launch on LFG in the future.

Technical Advantages

1. User Control: Users always retain control over their order flow and can cancel at any time.
2. Fast Transactions: Transactions are fast, with funds received within seconds.
3. Low Slippage: Exchange rates are guaranteed and final, with no slippage or MEV (Maximum Extractable Value).
4. High Security: No TVL (Total Value Locked), no wrapped assets, only native asset transfers. Cross-chain message transfer risk is borne by private market makers, not users.
5. Multi-Chain Support: Supports over 15 chains.

The protocol consists of two key layers:

• Protocol Layer: On-chain smart contracts deployed on each blockchain supported by deBridge.
• Infrastructure Layer: Off-chain validation nodes operated by validators elected by deBridge governance.

Debridge is not just a cross-chain bridge but a secure interoperability layer for Web3. It enables users and protocols to transfer arbitrary messages or calldata across different chains, facilitating the creation of any cross-chain solutions. The unique approach involves an off-chain transaction validation mechanism, where validators do not need to broadcast any transactions or bear gas costs. This design ensures that deBridge remains fully operational even if some blockchains experience downtime, and all transactions into paused chains will be processed immediately upon recovery.

Token Plan

The project has announced plans to launch its governance token, DBR, with a total supply of 10 billion tokens. The distribution plan allocates 20% of the supply to Launch and its community, with an initial circulating supply of 1.8 billion DBR tokens. The remaining supply is divided among ecosystem support (26%), core contributors (20%), strategic partners (17%), the deBridge Foundation (15%), and validators (2%).

DBR token holders will be able to stake their tokens and participate in DAO governance votes on protocol parameters, including electing active validators, setting the minimum consensus threshold, and smart contract deployment and upgrades. The token vote is expected to win and be launched on the Jupiter Launchpad.

Participation Guide

Access the interface through the link: Debridge

1. Market: Market orders
2. Limit: Limit orders; set the rate between the two tokens when making a purchase.
3. Chain Selection: Select the initial chain and token.
4. Destination Selection: Select the target chain and token.
5. Cross-Chain Transfer: Click to select cross-chain transfer to another address.
6. Wallet Connection: Connect your wallet.

Once settings are complete, click “Confirm trade” to initiate the cross-chain transaction. You can view your points and ranking through the “Points” leaderboard in the top right corner or through this link: Points and Ranking

Conclusion

Debridge has a strong background and is set to launch its token soon, including on the Jupiter Launchpad. Users with regular cross-chain needs can benefit from using Debridge, as the points can compensate for transaction wear and tear. Those intending to specifically target transactions can use small accounts to invite larger accounts and benefit from the points rebate.

• Website: Debridge
• Twitter: Debridge Twitter