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Introduction
deBridge is the bridge that moves at lightspeed, enabling near-instant movement of value and information for over 500,000 users. DBR Total supply: 10,000,000,000
We are thrilled to announce that deBridge (DBR) will be listed in the Innovation and Web3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 17 October 2024, 08:00 (UTC) Withdrawal Available: 18 October 2024, 08:00 (UTC) Spot Trading Link: DBR/USDT Introduction deBridge is the bridge that moves at lightspeed, enabling near-instant movement of value and information for over 500,000 users. Contract Address (Solana): DBRiDgJAMsM95moTzJs7M9LnkGErpbv9v6CUR1DXnUu5 Website | X | Telegram How to Buy DBR on Bitget DBR to FIAT Calculator Fee Schedule: DBR Price & Market Data: DBR 7-Days Limited-time Buy Crypto Offer: Buy DBR with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
The governance token DBR of cross-chain interoperability protocol deBridge has now launched on Jupiter LFG launchpad, and eligible whitelist users can participate in the LFG launch.
I. Project introduction deBridge is a bridge protocol that provides efficient and secure cross-chain interoperability for the Web3 ecosystem, allowing users and protocols to transfer arbitrary messages and assets between different blockchains in a decentralized manner. The project ensures the security and efficiency of cross-chain transactions through a network of independent validators selected by deBridge's decentralized governance system. deBridge aims to become the "Internet of Liquidity" and plans to build a fully decentralized cross-chain asset transfer ecosystem by gradually introducing DBR tokens and DAO governance. The project has been successfully deployed on multiple mainstream blockchains, including Solana and EVM chains. II. Project highlights 1. Efficient and secure cross-chain transmission: deBridge, as a cross-chain bridge project, supports the decentralized transmission of arbitrary messages and assets between different blockchains. Its independent validator network ensures the security and efficiency of each transaction, making it one of the fastest and most secure cross-chain solutions on the market. 2. Innovative point rewards and token economy: deBridge allows users to earn points when conducting cross-chain transactions through its point reward system, which is proportional to the protocol fee and motivates users to continue participating. In the future, DBR tokens will be launched, and users can participate in decentralized governance by staking tokens, influencing key decisions of the protocol. 3. Unlocked liquidity model: Unlike traditional cross-chain bridges that rely on liquidity pools, deBridge adopts an unlocked liquidity model, which eliminates the need to lock large amounts of liquidity in advance. This design greatly improves capital efficiency, reduces security risks, and ensures more flexible and secure cross-chain asset transfer. 4. Extensive multi-chain support and continuous expansion: deBridge has supported multiple mainstream blockchains, including Solana and EVM chains. In the future, it will further expand to ecosystems such as Tron and Cosmos, and plans to launch cross-chain transaction functions for native Bitcoin, continuously expanding its cross-chain interoperability. III. Market value expectations As a cross-chain interoperability protocol, deBridge ($DBR) has established its position in the cross-chain bridge market with its unique lock-free liquidity model and decentralized governance mechanism. With the development of the project and the integration of more blockchains, the value of the $DBR token is expected to have significant growth potential. According to the latest data, the unit price of $DBR token is 0.0273 dollars, with an initial circulation market value of about 45 million dollars and an initial FDV (fully diluted market value) of 273 million dollars. To better predict the future potential of $DBR, we can analyze it by benchmarking it against the market value of other cross-chain interoperability protocols. Benchmark project: Omni Network ($OMNI) : The interoperability layer of Ethereum, with a token price of 9.92 dollars and a circulating market cap of $90,804,877. Celer Network ($CELR) : a blockchain interoperability protocol with a token price of 0.0142 dollars and a circulating market value of $110,505,487. LayerZero ($ZRO) : a full-chain interoperability protocol with a token unit price of 4.09 dollars and a circulating market value of $455,274,696. Assuming the market value of deBridge reaches the level of these benchmark projects, the expected price and increase of the $DBR token are as follows: Benchmarking Omni Network ($OMNI) : The circulating market value is $90,804,877, and the price of the $DBR token is about $0.0555, an increase of 2.03 times. Benchmarking Celer Network ($CELR) : The circulating market value is $110,505,487, and the price of $DBR token is about $0.0670, an increase of 2.45 times. Benchmarking LayerZero ($ZRO) : The circulating market value is $455,274,696, and the price of $DBR token is about $0.2766, an increase of 10.13 times. IV. Token economy model The native token $DBR of deBridge is the core of the entire project ecosystem, mainly used for governance, staking, and Incentive Mechanism. The following is the key economic information of the $DBR token. Token details : Token Ticker: $DBR Total number of tokens: 10 billion Initial FDV (Fully Diluted Valuation): 250 million USD Token Distribution and Release Model : Foundation (15%) : 33.3% will be released during TGE (token generation event), and the remaining part will be linearly released within 3 years after 6 months of lock-up. Ecological reward (26%) : 11.5% is released during TGE, and the remaining part is linearly released within 3 years after 6 months of locking. Core contributors (20%) : TGE no release, after 6 months of lock-up, linear release within 3 years. Community and liquidity (20%) : 50% is released at TGE, and the remaining part is linearly released within 3 years after 6 months of locking. Strategic Partner (17%) : Release 20% during TGE, after 6 months of lock-up, the remaining part will be linearly released within 3 years. Validator (2%) : Release 20% during TGE, after 6 months of lock-up, the remaining part will be linearly released within 3 years. Initial circulation : The initial circulation of the project is 1.80 billion, accounting for 18% of the total. The initial market capitalization is approximately $45 million. Token Economy Analysis : Among the 1.80 billion tokens initially circulated by deBridge, the project party holds a large proportion. As the token release model progresses, the supply of tokens in the market will gradually increase. Due to the relatively high initial circulation market value and initial market pressure, the attractiveness of the token economy model to early investors may be challenged. Investors need to closely monitor the rhythm of token release and the subsequent ecological development of the project to balance the potential impact of supply pressure. V. Team and financing Team Info Alex Smirnov : Co-founder, responsible for technology and strategic direction. Jonnie Emsley : CMO, responsible for marketing activities and brand operations. Gal Stern : Head of Business Development, responsible for global business development. Financing information Seed round financing : $5.50 million Time : September 7, 2021 Key investors : ParaFi Capital, SkyVision Capital, GSR, Animoca Brands, Crypto.com Capital, MEXC Ventures, etc. VI. Risk Warning Token economy risk : The proportion of initial circulation tokens in the project is relatively high, with an initial circulation market value of 45 million US dollars and FDV of 250 million US dollars. Although a considerable number of tokens will be locked and linearly released, the initial circulation is too large, which may lead to greater market selling pressure, especially for early investors and project parties. The unlocking time is short, and there may be a risk of liquidity imbalance in the market. Market competition risk : deBridge, as a cross-chain bridge project, has fierce market competition. There are already many mature projects in the cross-chain bridge track, such as Wormhole, Synapse, Multichain, etc., which have leading advantages in market share and technology. deBridge has good infrastructure and community support, but the future market share competition may encounter greater competitive pressure. Technical security risks : Cross-chain bridge projects usually face high security risks. There have been many incidents of cross-chain bridges being hacked in history, causing serious losses in capital. deBridge's technology emphasizes security, but still needs to continue to prove its anti-attack ability, especially in the case of increased transaction volume and user interaction. Sustainability of community active level : Although deBridge's social media and community data are currently performing well, there is still uncertainty as to whether it can maintain this popularity in the future. Declining user engagement rate and participation may affect the overall development of the project and the stability of token prices. VII. Official links Website : https://debridge.finance/ Twitter: https://x.com/deBridgeFinance Telegram: https://t.me/deBridge_finance
A liquidity bootstrapping program for deBridge’s upcoming DBR governance token is underway via Solana decentralized exchange aggregator Jupiter’s LFG launchpad ahead of a token generation event on Thursday. Hosted by the deBridge Foundation, the DBR LFG launch claims to be unique compared to prior offerings. According to a statement shared with The Block, the launch offers a fixed price to all participants without a bonding curve. A bonding curve is a standard pricing model determining how token prices increase as more tokens are purchased during a launch event. Eligible whitelisted participants can deposit up to $5,000,000 in the USDC stablecoin collectively to bid on DBR’s initial price of $0.025 per token before the official launch, the team explained. This gives the project a $250 million fully diluted valuation. Each individual whitelisted address has a deposit cap of $25,000 in USDC. The Solana-based token will have a total supply of 10 billion tokens. It is designed to decentralize governance power to the community as control is passed over to a DAO, deBridge told The Block earlier this year. The goal is to ensure that no single party can dominate or make decisions based on their own interests rather than those of the whole DAO. The LFG vault will be open until 8 a.m. UTC on Oct. 16, the team said. It is available to participants who used the deBridge app on at least 10 separate days before the July 23, 2024 cutoff and those staking a minimum of 690 JUP tokens at the time of the snapshot. The launch comes after Jupiter put forward three “OG” Solana projects to potentially become the next tokens to launch on its new LFG launchpad in February — of which deBridge was highlighted as one of the candidates. The Jupiter community subsequently approved deBridge to use the platform as the crowd sale venue for DBR via a Jupiter-based liquidity pool. deBridge’s token generation event and next steps deBridge’s token generation event is scheduled for 8 a.m. UTC on Oct. 17, with trading starting at $0.03 per DBR — a $300 million FDV. Tokens acquired through the LFG launch will be distributed with 50% available immediately at TGE, and the remaining 50% will be released six months later, the team confirmed. deBridge token holders can stake their DBR tokens to participate in DAO governance votes on protocol parameters, including the election of active validators, setting minimum consensus thresholds and the deployment and upgradeability of smart contracts. The DAO will also manage the project’s treasury and ecosystem reserves, with responsibilities gradually increasing over time. Once deBridge’s delegated staking and slashing module is activated, DBR tokens can also be staked to support deBridge validators. By staking DBR, validators' slashable collateral is increased, which serves as a form of insurance, protecting against potential issues such as validator downtime, censorship and collusion. Overall, deBridge’s token distribution is set to allocate 20% of the supply to its community, with a 1.8 billion DBR circulating supply at launch. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation and 2% to validators. What is deBridge? deBridge differs from the popular bridging model in which users lock a token on one chain and receive an equivalent wrapped asset on another — one of the most common bridge vulnerabilities exploited in the industry. Instead, deBridge is designed to enable liquidity transfer directly between chains, removing the need to lock assets, reducing complexity and improving transfer efficiency. deBridge claims to have the largest bridge economy in web3, having generated $7.5 million in fees year-to-date, according to Token Terminal data . Last week, deBridge unveiled Hooks for cross-chain data transfers and dapp triggers. For example, an application running on one blockchain can now receive deposits from another network in a single transaction.
Headlines Goldman Sachs: The Fed may implement more interest rate cuts before the end of the year, and investors will continue to hold alternative investments that are more attractive than stocks U.S. households will shift their allocations to stocks only “slightly” from credit as the Federal Reserve begins its expected rate-cutting cycle, Goldman Sachs analysts said in a note to clients. The Fed slashed interest rates by 50 basis points last month to a range of 4.75% to 5.00%, with more cuts expected before the end of the year. “Steady rates near 4% suggest that investors will continue to have more attractive alternatives to stocks, but to a lesser degree than in past years,” Goldman analysts wrote. QCP Capital: BTC rebound may be related to Mt.Goxs postponement of repayment deadline, and potential rise will be affected by the US election QCP Capital published an analysis that BTCs rebound to $65,000 may be related to Mt.Goxs postponement of repayment until October 2025. Although there may be many factors that can explain the current trend, if you look at the historical price trend, this is a rather interesting moment because it is mid-October and there are only three weeks before the US election. If you look back to 2016, BTC has been trading in a very narrow range for more than 3 months. It was not until three weeks before the US election that BTC began to rise from $600 and eventually doubled its price in the first week of January. Similarly, in 2020, BTC was trapped in a boring range for half a year until it began to rebound from $11,000 three weeks before the US election, reaching a high of $42,000 in January. So far though, October’s performance has been rather disappointing, with BTC up just +1.2% compared to an average gain of +21%. Harris proposes lending plan and supports crypto regulatory framework in bid to win over black male votes Vice President Harris is stepping up her outreach to black male voters, promising to provide a path to economic security as polls show Trump is gaining support among black voters. Harris on Monday proposed a new plan to provide loans to black entrepreneurs and others who face barriers to financing. According to Harris campaign outline for black male voters, the plan would provide 1 million loans with up to $20,000 forgiven. Harris also pledged to support a cryptocurrency regulatory framework that would provide more investment certainty for the 20% of Black Americans who own or have owned digital assets. Last week, the US Bitcoin spot ETF had a net inflow of more than $300 million, and the Ethereum spot ETF had a net outflow of $5.22 million According to iChainfo monitoring, last week (October 7-11), the US Bitcoin spot ETF had a net inflow of US$308.75 million, and the Ethereum spot ETF had a net outflow of US$5.22 million. TD Bank becomes first U.S. bank to plead guilty to money laundering conspiracy, fined $3 billion Last week, U.S. Attorney General Merrick B. Garland announced in Washington that TD Bank, one of the largest financial institutions in the United States, had pleaded guilty to multiple felony charges, including conspiracy to violate the Bank Secrecy Act and money laundering. Garland confirmed in a statement that TD Bank agreed to a $1.8 billion criminal fine, which, when combined with the civil enforcement action, brings the total penalty against the bank to about $3 billion. He noted that the resolution includes the largest penalty ever imposed under the Bank Secrecy Act and the first time the Department of Justice has assessed a daily penalty against a bank. The bank is the largest in U.S. history to admit to violating the Bank Secrecy Act and the first to plead guilty to conspiracy to launder money. The Justice Department highlighted compliance lapses that created an environment for financial crime to flourish. Industry News FinCEN Charges TD Bank with Failure to Report Suspicious Crypto Activity Involving Over $1 Billion in Transactions The U.S. Financial Crimes Enforcement Network (FinCEN) says banking giant TD Bank failed to report suspicious activity from an anonymous client group that processed international cryptocurrency transactions. FinCEN alleges that TD Bank processed more than 2,000 transactions over a nine-month period from a company called “Customer Group C,” which was identified as “purportedly operating in the sales financing and real estate industries.” The group misrepresented their international wire activity to TD Bank, claiming that their annual sales would not exceed $1 million. In reality, they conducted more than $1 billion in transactions through TD Bank. Market News: Tether plans to explore lending to commodity trading companies According to market news, stablecoin issuer Tether plans to explore providing loans to commodity trading companies. Glassnode: BTC short-term holders profit-loss ratio reaches 1.2, investor sentiment may change positively Glassnode posted that short-term Bitcoin holders are currently showing a profit advantage, with a profit-loss ratio of 1.2. The indicator recently broke through 1 standard deviation of the 90-day mean, indicating that investor sentiment may be shifting positively. Data: Solana Ecosystem Memecoin Total Market Value Exceeds $11 Billion According to data disclosed by SolanaFloor, the total market value of Memecoin in the Solana ecosystem has exceeded US$11 billion. Monochrome to launch Australia’s first Ethereum spot ETF on Cboe Monochrome Asset Management is preparing to launch Australia’s first Ethereum spot ETF on Cboe. The Monochrome Ethereum ETF (IETH) will begin trading on Monday, following the launch of its $10.1 million Bitcoin ETF (IBTC) in August 2023. According to reports, the fund will position itself as the worlds first fund to provide physical Ethereum subscriptions and redemptions. 10x Research: MicroStrategys stock price rally may continue, which is expected to drive up Bitcoin prices 10x Research said in its market analysis report that MicroStrategys momentum continues. In the past week, the stock rose 16%, reaching a market value of $43 billion, a record high. This upward trend may continue, and several key catalysts are on the horizon. This may create a tail wags the dog situation, and MicroStrategys stock performance may have a positive impact on the price of Bitcoin. Project News Blast Announces the Winning Teams of Mobile Big Bang Program, Including Baseline, predict.fun, etc. Blast announced the list of winning teams of the Mobile Big Bang program (in no particular order), including: -Nano (@nano_bid); -Lennart (@Lennart_up); -predict.fun(@predictdotfun); -Collective Casino of the People (@ccpgaming_eth); -friendzone(@friendzone_pro); -Baseline (@BaselineMarkets). Related project information will be announced soon. Hyperliquid Establishes Foundation and Plans to Launch HYPE Token TGE Hyperliquid announced the establishment of the Hyper Foundation, which aims to support the development of the Hyperliquid blockchain and ecosystem and plans to launch the HYPE token TGE. Hyperliquids native token HYPE is critical to the further development of the HyperBFT proof-of-stake consensus, HyperEVM, and roadmap. As part of the genesis distribution, eligible users can choose to receive HYPE and optional Hypurr NFTs. Paxos CEO joins Trump family WLFI project as head of stablecoin and payments According to market news, Paxos CEO Rich Teo has joined the Trump familys WLFI project as head of stablecoin and payment. It is not clear whether he has left his position at Paxos. deBridge Foundation: LFG Launch to be launched today The deBridge Foundation announced on the X platform that it plans to launch LFG Launch at 8:00 UTC on October 15. According to previous news, the deBridge token DBR will be issued fairly on Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism, with a fixed price of $0.025 and an investment cap of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, and the total investment cap is 5 million USDC. In addition, deBridge will also provide 3 million USDC and 100 million DBR in the Meteora AMM pool as liquidity owned by the protocol, with an initial transaction price of $0.03. 50% of DBR will be available at the token generation event (TGE), and the remaining 50% will be unlocked after 6 months. PUFFER may have two major market makers, GSR Markets and another unknown entity. GSR still has 2.6 million to be transferred. According to monitoring, PUFFER may have two major market makers, GSR Markets and another unknown entity. GSR makes 5 million coins, with 2.6 million coins still to be transferred. Another unknown market maker makes 3.72 million coins, all of which have been recharged into the exchange. Soneium Spark Incubation Program Winners Announced, Involving DeFi, Web3 Experience and Other Tracks Sony L2 project Soneium announced on X that the selection process for the Soneium Spark incubation program has been completed and all winners have been selected. Each project will start incubation with more than 30 partners, receive expert guidance in marketing, business development, financial support, and technical integration, and have the opportunity to participate in exclusive workshops. Grass Foundation: Airdrop One final qualification query page will be launched on October 21 The Grass Foundation stated in a statement that the final qualification query page for Airdrop One will be launched on October 21, 2024. The foundation added that claims will not be open and will not go live on October 21, and this is just a checker. Please remain vigilant to avoid being scammed, and there are currently no on-chain transactions that require signatures. Investment and Financing Bitcoin staking protocol Solv Protocol completes $11 million in financing, with OKX Ventures and others participating Bitcoin staking protocol Solv Protocol announced that it has completed $11 million in financing at a valuation of $200 million, with participation from Nomura subsidiary Laser Digital, Blockchain Capital, OKX Ventures, etc. It is reported that Solv Protocols SolvBTC product has deployed more than 20,000 BTC (about $1.3 billion) in 10 major blockchain networks. Flappy Bird Foundation Completes $2 Million Funding, Led by Kenetic Capital and Scytale Ventures The Web3 mobile game project Flappy Bird Foundation announced the completion of a new round of financing of US$2 million, led by Kenetic Capital and Scytale Ventures, with participation from Big Brain Holdings, Optic Capital and 4 SV. The new funds will support the project to add a series of new Web3 features to attract nostalgic and new generation players. It is reported that under the management of the newly established Flappy Bird Foundation, the games intellectual property rights will continue to be protected. Japanese listed company Metaplanet once again increased its holdings by 106.97 BTC Metaplanet, a Japanese listed company, once again spent 1 billion yen to increase its holdings by 106.97 BTC, and its current total holdings increased to 855.478 BTC. PinGo Lab completes seed round financing, CGV FOF and others participate Decentralized infrastructure PinGo Lab announced the completion of its seed round of financing, with participation from CGV FOF, K 24 Fund, Catcher VC and Landscape Capital. The specific amount has not been disclosed yet. Crypto trading app Ziglu agrees to acquire Damex stake and seeks financing for more acquisitions UK crypto trading app Ziglu has agreed to acquire a stake in its Gibraltar rival Damex in an all-stock deal, with the deal expected to be announced during Gibraltar Financial Week. The move is a key step for Ziglu to expand its services, with the goal of improving its cryptocurrency, investment and banking services. The company is expected to have nearly 200,000 customers after the transaction is completed. Ziglu will use this expanded customer base to launch UK and US stock trading services to its European users, thereby expanding its market share. The move follows Robinhood’s failed bid to acquire Ziglu last spring. The company initially agreed to buy the app for $170 million in April 2022, but reduced its offer to $72.5 million in August of that year. Ziglu founder Mark Hipperson returned to the role of chairman and CEO after the failed acquisition, and the company is focusing on securing additional funding to make more acquisitions. Regulatory trends TD Cowen: Senator Hagerty’s draft stablecoin bill may become the outline of the 2025 bill Investment bank TD Cowen said in a report on Monday that U.S. Senator Bill Hagerty’s draft stablecoin legislation could serve as an outline for a future bill as early as 2025. Last week, Hagerty, a crypto-friendly Republican, unveiled a draft legislative discussion paper aimed at establishing a regulatory framework for stablecoins. It includes a provision that issuers above a $10 billion threshold could receive an exemption from federal regulators and then continue to be subject to the jurisdiction of their states. The draft legislation also includes maintaining foreign exchange reserves denominated in U.S. dollars on a one-to-one basis. This draft should form the basis for legislation we expect Congress to pass next year, wrote Jaret Seiberg of TD Cowen Washington Research Group. This is more likely if Trump wins, given Hagertys close relationship with the former president. Hagerty is reportedly a potential contender for a seat in Trumps cabinet if he wins, either in a national security role or a Treasury Department post. Hagerty is also a member of the Senate Banking Committee, which has jurisdiction over key agencies including the SEC. “The key will be to reach bipartisan agreement on regulators overseeing stablecoins. If Trump wins, the prospects for such a bill are even higher,” Seiberg noted in the report. Character Voice BlackRock CEO: Bitcoin is an asset class in itself and is discussing its allocation with global institutions Bloomberg ETF analyst Eric Balchunas shared the full quote on Bitcoin/digital assets from BlackRock CEO Larry Fink during the third quarter earnings call on X. Fink said that Bitcoin assets are an asset class in their own right, that they are discussing allocations with global institutions, and that these assets remind him of the early days of the mortgage market (currently worth $11 trillion). Sonia Shaw, President of CoinW: Exchanges are an essential piece of the puzzle on the road to compliance On the afternoon of October 14th, local time, at the Future Blockchain Summit held in Dubai, CoinW President Sonia Shaw mentioned in a Fireside Chat speech entitled From Niche to Norm: The Next Mainstream Adoption of Web3 that although decentralized finance is the ultimate goal pursued by everyone, centralized exchanges are still the main force in attracting new users. In the long run, decentralized finance is an inevitable choice for the future, but the current industry still needs regulators and centralized exchanges to explore together, cope with challenges on the road, and pave the way for the popularization and innovation of blockchain technology. Bloomberg reporter: Copper has hired former Goldman Sachs managing director Amar Kuchinad as its new CEO Bloomberg reporter Emily Nicolle wrote on X that crypto custody firm Copper has hired former Goldman Sachs managing director Amar Kuchinad to replace Dmitry Tokarev as the groups CEO, and will focus on attracting more traditional financial clients and expanding aggressively in the United States. Indian central bank governor: CBDC has the potential to promote efficient cross-border payments Reserve Bank of India Governor Shaktikanta Das said that central bank digital currency is an area with the potential to promote efficient cross-border payments. India has once again become one of the few countries to launch both wholesale and retail central bank digital currencies, or CBDCs. Currency for cross-border payments, and overcoming the serious financial stability concerns associated with cryptocurrencies. A key challenge may be that countries may prefer to design their own systems based on national considerations. DeFi Report founder: Uniswap Labs and UNI holders may earn $468 million from Unichain every year Michael Nadeau, founder of DeFi Report, recently wrote that the launch of Unichain will allow the $368 million paid to Ethereum validators last year to fall directly into the hands of Uniswap Labs and even UNI token holders. He added that Uniswap Labs will also be able to capture all MEV on Unchain because it owns all validators on the network. “MEV is estimated to account for about 10% of total fees paid on Uniswap ($100 million last year). They can also choose to share some of this with token holders,” Nadeau said.
Grayscale is expanding its selection of tokens, in a bid to include the latest trends and successful projects from this bull cycle. Jupiter (JUP) is among the selected, reflecting the Solana ecosystem. Grayscale is expanding its selection of crypto assets under consideration, with the option of expanding its array of products. One of the choices is Jupiter (JUP), the most active DEX aggregator on Solana. Jupiter reflects meme token activity and is one of the key distributors of fees to its community. Grayscale considers several categories of listings, and Jupiter falls under financial project cryptos that aim to deliver value through financial operations. In this category, Grayscale is also looking at Base’s DEX, Aerodrome, Ethens, Injective, Mantra, Ondo Finance, Pendle, and ThorChain. With the exception of ThorChain, all other projects appeared and made their mark in the past year, offering novel value models. Grayscale reflects growth in DeFi, AI projects The new batch of assets follows the listing of Aave (AAVE) and the expansion of the share of Bittensor (TAO). Grayscale has also expressed interest in Celestia (TIA), as well as Sui (SUI), two relatively new additions to the decentralized infrastructure. For Jupiter (JUP) supporters, the proposed listing is among the most meaningful, as the aggregator is tied to real-life products and produces significant fees for the community. The platform expanded its activity in the past three months, producing up to $3.38M in fees in October. See also Copper appoints former Goldman Sachs MD Amar Kuchinad as new CEO Grayscale has selected some legacy coins and tokens that are not at the peak of success, but have other signs of liquidity. The latest batch of tokens under consideration includes even networks that are considered riskier, like Toncoin and TRON. Grayscale already expanded its assets to over $22B, though it has cut down its exposure to Bitcoin (BTC) and Ethereum (ETH), leaving other funds with more assets under management. Grayscale continues to offer a mix of public funds and those reserved for private placement to accredited investors. Jupiter grows value locked to new record Jupiter started out as an aggregator, but has also built up liquidity of its own. Inflows expanded in the past few months, and total value locked soared to a new peak. Jupiter now locks in $1.32B in value. At the same time, JUP tokens have a market capitalization of $1.16B, making the token undervalued based on the ratio of value locked to market cap. In October, Jupiter swaps picked up again and are near record levels, as interest in meme tokens returned. In the past few months, Jupiter introduced technologies for meme token analysis and faster trading with low slippage. JUP currently trades at $0.85, despite expectations of rallying to a higher range. The token is also locked for staking and community votes, easing some of the selling pressure. Recently, Jupiter also extended the Active Staking Rewards program by a year, with the intention of distributing 235M additional JUP. See also Federal Reserve's rate cuts could shake stablecoins' stability After the exposure to Grayscale, JUP once again sparked expectations of rivalling Uniswap’s UNI and moving to a higher price range. Jupiter to carry DeBridge LFG launch Jupiter will boost its listings with the launch of DeBridge DBR tokens through its LFG concentrated liquidity. The launch is scheduled for October 15 and will aim to treat the community fairly to avoid the creation of whales. DeBridge has been preparing for the event for the past six weeks. Jupiter LFG is the selected platform for performing the token sale, with no initial bonding curve. DeBridge will still use decentralized liquidity, but with a stabilized price for all participants at $0.025. The difference with the IDO or other forms of token sales is that the liquidity raised through Jupiter will remain in use for the protocol, instead of being controlled by the team. Additionally, 3M USDC and 100M DBR will be supplied to the Meteora DEX on Solana after the token generation event, for a price of $0.03 per DBR. Jupiter LFG will use the Alpha Vault technology to prevent bots from sniping the sale and to distribute tokens to the real community. Unlike traditional bonding curves, Jupiter will try to limit the price volatility of DBR within a range through deeper liquidity close to the $0.025 price.
This week, several major cryptocurrency events are expected to drive volatility across key tokens. Among the highlights are large token unlocks, Donald Trump’s WLFI token sale, and the long-anticipated token generation event (TGE) for DeBridge. These developments, along with updates from the decentralized finance ( DeFi ) and blockchain sectors, are likely to influence investor behavior and shape market performance in the coming days. World Liberty Financial Token Sale Donald Trump’s DeFi venture, World Liberty Financial, is set to launch its WLFI token on Tuesday , October 15. The project promises to democratize and depoliticize finance, offering an alternative to traditional financial institutions. “World Liberty Financial Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more. Join the whitelist today and be ready for Tuesday,” an announcement read . As markets anticipate the debut of the WLFI token, uncertainty surrounds the project’s overall dynamics. BeInCrypto reported at the project’s official launch that crypto investors have expressed a dented first impression of World Liberty Financial . Concerns about its viability, business model, and ability to deliver on its promises continue to be topics of discussion. Read more: Top 11 DeFi Protocols To Keep an Eye on in 2024 Despite these uncertainties, WLFI is reportedly targeting $300 million in its upcoming token sale. WLFI will function as a governance token, granting holders the right to participate in the ecosystem’s development and decision-making. Notably, the sale will only be accessible to select individuals. Binance to Delist ORN for LUMIA Binance is also on the top crypto news this week, with a planned delisting of Orion (ORN) token. This is part of a rebranding process, with ORN transitioning to Lumia (LUMIA). Notably, the transition from ORN to LUMIA will occur at a 1:1 ratio, mirroring the recent MATIC to POL migration. “We are pleased to inform you that Binance will support the Orion (ORN) mainnet swap and rebranding to Lumia (LUMIA). Binance will handle all technical requirements for users involved in this event. Please note that all ORN tokens will be swapped to LUMIA at a ratio of 1 ORN = 1 LUMIA,” Binance announced . This means that after October 15, traders would not be able to trade ORN on Binance, but LUMIA instead. The supply of LUMIA tokens will more than double that of ORN, from 92,631,255 million to 238,888,888 million. Lumia, which is a pioneer hyper-liquid restaking rollup Layer-2 (L2) for Real-World Assets, asked ORN token holders on other exchanges to wait for confirmation about swaps to LUMIA from those trading platforms about the transition. First Avalanche Summit in LATAM Traders and investors will also be watching AVAX price in the days leading to, and after, Wednesday, October 16, when the Avalanche Summit LATAM will take place at the Ciudad Cultural Konex in Buenos Aires, Argentina. “We are thrilled to bring the Avalanche Summit to Latin America for the first time. We chose Buenos Aires for its exceptional talent pool and its rapid evolution as a key player in the world of Web3 and blockchain,” said Emin Gün Sirer, CEO of Ava Labs. The last Avalanche Summit took place on May 3 in Spain, remembered to be bullish on blockchain, gaming, and Web3. The two-day event, between Wednesday and Friday, will offer a unique opportunity for developers, entrepreneurs, and blockchain technology enthusiasts to connect and learn about the latest innovations in the Avalanche ecosystem. Noteworthy, the residents of Latin America have free entry benefits, as the event commits to be a milestone in the history of blockchain in the region. It will set the stage for the Avalanche-based game Off The Grid, potentially setting the tone for it to become a top gameplay on Epic Games. Network participants also anticipate the launch of Avalanche 9000, an update that promises to change the way of applications development and launches on the blockchain. deBridge TGE and DBR Airdrop deBridge Finance will hold its token generation event (TGE) on Thursday, positioning itself as “the bridge that DeFi deserves.” The project has three primary stakeholders: the team, strategic partners, and the community. DBR, an SPL token on Solana , serves as the governance token for the deBridge ecosystem. As the TGE approaches, deBridge will launch with an initial circulating supply of 1.8 billion tokens, or 18% of the total supply, aligning with other Solana TGEs like Pyth (15%) and Wormhole (18%). Jupiter (JUP) community members will also benefit from the event, as it includes an airdrop. “When Jupiter had an airdrop, deBridge users received 4.6 million JUP because Jupiter’s API was integrated into deBridge’s API. Similarly, Jupiter users are now among the largest DBR airdrop recipients because the deBridge widget and API are integrated into the JUP ecosystem,” deBridge Finance co-founder Alex Smirnov said . WCT Airdrop Registration Deadline The WalletConnect (WCT) airdrop registration closes on Friday, October 18, with interested participants urged to act before the four-day window elapses. Further, users should use the WalletConnect option instead of connecting their wallet directly. The registration started on September 24, and as the window closes on Friday, the token checker and claim will be in November 2024. According to an official blog announcement , 18.5% of the total supply, or 185 million WCT tokens, are allocated to the community. Read more: Best Upcoming Airdrops in 2024 5% of the total DBR supply will be distributed in the first airdrop, with an additional 13.5% slated for subsequent airdrops in 2025. Additionally, users who mint the Wallet Connect badge will automatically rank among the top 1% of WCT airdrop farmers, granting them priority in future distributions. Over $173 Million Worth Cliff Unlocks As BeInCrypto reported, there are several token unlock events this week . The most significant ones will concern Axie Infinity ( AXS ), Starknet (STRK), EigenLayer (EIGEN), Arbitrum (ARB), and ApeCoin ( APE ). Collectively, these unlocks will release over $173.29 million across the respective ecosystems. Token unlocks often increase market liquidity and cause volatility . As these tokens enter circulation, their prices may experience flactuations, making it essential for traders to monitor the events closely.
On October 14th, Doubler Pro version of liquidity aggregation investment strategy agreement was launched on Berachain v2 bArtio, supporting WBERA, WBTC, WETH. Prior to this, Doubler announced the DBR token economics: 10% airdropped to the community, 40% used for liquidity rewards.
We're thrilled to announce that Bitget will launch deBridge (DBR) in pre-market trading. Users can trade DBR in advance, before it becomes available for spot trading. Details are as follows: Start time: 12 October, 2024, 09:30 (UTC) End time: 17 October, 2024, 07:30 (UTC) Spot Trading time: 17 October, 2024, 08:00 (UTC) Delivery time: 17 October, 2024, 12:00 (UTC) Pre-market trading link: DBR/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Coin settlement: Utilizes a "cash on delivery" method. If the seller fails to deliver the required coins, the security deposit will be forfeited as compensation for the breach of contract. USDT settlement USDT settlement: A new option for pre-market trades. This is the second settlement option offered by Bitget for pre-market trades. Orders are settled at the average index price at the last minute as the delivery execution price. The losing party will pay the difference to the winning party. Both parties can lose or gain up to 100% of the security deposit, excluding transaction fees. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last minute as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction deBridge is the bridge that moves at lightspeed, enabling near-instant movement of value and information for over 500,000 users. DBR Total supply: 10,000,000,000 Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? The system will pre-freeze the funds required for the current order between the buyer and seller as a transaction guarantee. Prior to the delivery time, the seller must ensure that their spot account holds the required amount of new tokens; otherwise, the transaction will be canceled. Similarly, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen margin. Once the delivery is completed, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account after deducting the transaction fee. Note: (1) Upon reaching the delivery time, the system will execute the delivery according to the transaction time in sequence, which is expected to be completed within one hour. The seller should refrain from any transactions involving the delivery currency funds within 30 minutes after delivery initiation to mitigate the risk of delivery failure due to insufficient funds. (2) If you have both buy and sell orders, ensure that your spot account holds the required quantity of the sell order currency at the time of delivery. Orders with insufficient balance will be processed using the "compensate with margin" approach. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. 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Last updated: October 8, 2024 10:50 EDT deBridge unveiled its new Hooks feature on Tuesday, October 8, 2024, allowing real-time data and value transfers across blockchains. This launch is set to enhance cross-chain operations for developers and decentralized finance (DeFi) protocols by simplifying complex interactions and streamlining processes. 1/ Introducing deBridge Hooks, for stacking money legos across the whole of DeFi in real-time Here’s how builders can start making magic happen with Hooks today 🪝 pic.twitter.com/NKRaRyuXVL — deBridge (@deBridgeFinance) October 8, 2024 According to deBridge , Hooks allows developers to attach programmable on-chain actions to cross-chain transactions, automating tasks like asset distribution and user onboarding. This new functionality reduces the need for multiple steps in cross-chain processes, improving efficiency for both developers and protocols. How deBridge Hooks Simplifies Cross-Chain Transfers in DeFi With deBridge Hooks, developers can execute multiple actions in real-time as cross-chain transactions are completed. This feature enables protocols to automate asset transfers between blockchains, removing manual steps and enhancing the overall efficiency of cross-chain interactions. Key use cases for Hooks include automating the distribution of assets purchased on one blockchain and automatically sending them to wallets on another. Additionally, Hooks can help manage liquidity across various chains and simplify user onboarding by ensuring users have the necessary funds to interact with decentralized applications (dApps) . By leveraging deBridge Hooks, developers and protocols can streamline operations and increase the speed and efficiency of their cross-chain processes. ZKsync Integrates Chainlink’s Cross-Chain Interoperability Protocol As deBridge Hooks brings innovation to cross-chain data transfers, other projects are also advancing blockchain interoperability. ZKsync recently integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its Layer 2 ecosystem on Ethereum. Chainlink CCIP is now live on @zksync mainnet to power secure, seamless blockchain interoperability. Here's how CCIP unlocks a new wave of cross-chain innovation for #ChainlinkScale member ZKsync ⬇️ https://t.co/ihFBKqHoFM pic.twitter.com/QtPg6jfMzm — Chainlink (@chainlink) September 16, 2024 According to Chainlink’s press release , this integration enhances the capabilities of decentralized applications by enabling secure communication and token transfers across various blockchain networks. Developers can now build interoperable applications that bridge DeFi and traditional financial systems, attracting a broader range of developers looking to innovate in a multi-chain environment. This development reflects a broader industry trend toward unified ecosystems where applications can seamlessly operate across multiple blockchains, improving asset transfers and data sharing.
On October 8, deBridge, a cross-chain interoperability protocol, announced the launch of the deBridge Hooks feature, which enables real-time, trustless data transfers between blockchains, according to The Block. The feature is designed to enable developers and protocols to integrate advanced cross-chain functionality into their applications. According to the deBridge team, while the protocol has previously supported instant value transfer across chains, its cross-chain messaging protocol suffered from delays of up to 15 minutes in data exchange. With the introduction of deBridge Hooks, assets and custom data can now be transferred across chains nearly instantaneously.
ChainCatcher News, the cross-chain interoperability protocol deBridge has announced that the DBR airdrop will go live on October 17, 2024.
According to official news, the cross-chain interoperability protocol deBridge Foundation has announced that DBR tokens are now available for claim. As previously reported, the deBridge Foundation announced that it will fairly distribute DBR tokens on Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism. DBR will be issued at a fixed price of $0.025, with an investment limit of $25,000 per eligible address. A total of 200 million DBR (2% of total supply) will be issued, with a maximum investment amount of $5 million USDC. The total token supply is 10 billion, with an initial circulating supply of 1.8 billion. At launch time: 10% is used for community and startup; 5% is used for the deBridge Foundation; and 3% is used for ecosystem development. The remaining 82% will begin unlocking one quarter at a time six months after the Token Generation Event (TGE), lasting three years.
Last updated: August 28, 2024 08:15 EDT BNB Chain has announced that the BNB Chain Bridge is now live, enabling it to interconnect with other blockchains. According to the press release shared with Cryptonews, the new bridge has been launched in collaboration with cross-chain technology providers Celer, deBridge, and Stargate. More precisely, it has integrated Celer’s channel-based cross-chain network, deBridge’s interoperability framework, and Stargate’s cross-chain liquidity solution. The purpose of BNB Chain Bridge is to connect Binance’s blockchain platform with others, as well as to enhance cross-chain interoperability, liquidity, and user experience (UX). These integrations will enable this goal, thus expanding BNB Chain’s scope and functionality, said the team. Furthermore, they will increase the capital efficiency of BNB Chain-based assets. They will also enable the development of a wider range of decentralized finance (DeFi) products and services. Additionally, the team expects the move to attract more projects to BNB Chain. Overall, said the announcement, the collaboration aligns with BNB Chain’s “vision of supporting developers and startups to cross the chasm and mission to drive global Web3 adoption.” You might also like Binance Accused of Freezing Palestinian Crypto Assets Liquidity Pool to Grow Stablecoin Ecosystem The new wallet is not all the BNB Chain announced today. The team behind it said that it is also establishing a liquidity pool. Its purpose is to streamline transfers from other chains to the BNB Chain. According to the team, this move is “part of a broader drive to grow a fast-growing stablecoin ecosystem on BNB Chain.” BNB Chain Bridge will provide “ample liquidity” and “an enhanced user experience” by enabling fast asset bridging and competitive rates. The announcement also noted that the blockchain technology continues to evolve. As such, there is an increasing need for “efficient, convenient, and cost-effective cross-chain interoperability services.” This is what the novel bridge aims to provide, per the team. Celer Network co-founder Mo Dong opined that BNB Chain Bridge will bring “expanded cross-chain interoperability and improved UX.” Alex Smirnov, co-founder of deBridge, added that BNB Chain will become “part of a single unified DeFi market through real-time cross-chain transfers, guaranteed rates, and institutional liquidity.” Meanwhile, BNB Chain is celebrating its birthday. Don’t forget your chance to win a share of $4,000 USDT by @four_meme_ @flapdotsh ! Check the details below and enter before Sept 2👇 https://t.co/VAmczaAWaA — BNB Chain (@BNBCHAIN) August 28, 2024 It is a community-driven blockchain ecosystem comprised of the governance chain called BNB Smart Chain (BSC), a scalability layer-2 opBNB, and BNB Greenfield for decentralized storage and data marketplaces. Angus Lamps, Foundation Lead at Stargate Foundation, commented that BNB Chain “has consistently been one of the most popular ecosystems on the bridge.” You might also like BNB Chain’s New Roadmap Prioritizes Blockchain Adoption, Web2 and AI Support
BNB -1.09% Chain launched its official bridge in collaboration with three cross-chain technology providers: Celer, deBridge and Stargate. The bridge is designed to improve cross-chain interoperability and liquidity in the BNB Chain ecosystem and attract more DeFi projects to the network, according to a statement shared with The Block. "Having supported BNB Chain since day one of deBridge, it's a tremendous honor to be selected as a canonical bridge provider for the official BNB Chain bridge aggregator,” deBridge co-founder Alex Smirnov said. “We can't wait to cement BNB Chain as part of a single unified DeFi market through real-time cross-chain transfers, guaranteed rates, and institutional liquidity." More specifically, BNB Chain Bridge integrates with Celer's state channel-based cross-chain network, deBridge's interoperability framework and Stargate's cross-chain liquidity solution. “We're very excited to be part of the canonical BNB Chain bridge. BNB Chain played a huge role in the origins of Stargate, and has consistently been one of the most popular ecosystems on the bridge,” Stargate Foundation Lead Angus Lamps added. Connecting to other ecosystems The bridge is supporting a range of blockchains and Layer 2 networks including Ethereum, Arbitrum, Base, Polygon, Avalanche, Blast and Linea. BNB Chain Bridge aims to provide a simpler and more efficient bridging experience for users with competitive rates compared to using centralized exchanges or third-party decentralized solutions. BNB Chain is also creating a liquidity pool to streamline transfers from other chains as part of the launch and a broader initiative to grow its stablecoin ecosystem. In March, BNB Chain unveiled a rollup-as-a-service solution to enable the expansion of custom Layer 2 networks in its ecosystem. In June, BNB Chain’s native cryptocurrency, BNB, broke above the $700 mark to reach a new all-time high — one of only a few major cryptocurrencies to do so this year. However, it has since fallen back alongside a broader crypto market correction in recent months, currently trading for around $540, according to The Block’s BNB Price Page .
Original|Odaily Planet Daily Author: jk As the field of decentralized financial infrastructure continues to evolve, the latest developments of deBridge have attracted widespread attention. From a hackathon winner to one of the largest bridges on Solana, deBridge has gradually become the largest player in this field. Odaily Planet Daily had the honor of interviewing Alex, the founder of deBridge, and discussed in depth how deBridge redefines the liquidity and governance mechanism of cross-chain assets through its innovative liquidity Internet construction and the upcoming DBR token; at the same time, it also included the points mechanism and second season related activities that users are most concerned about. Alex also shared insights on the milestones that the deBridge community and users should look forward to most in the coming months, as well as his grand vision for the future development of deBridge. Let’s hear how Alex explains the unique value of deBridge and how it can lead innovative changes in the wave of decentralized finance. Alex, founder of deBridge. Source: deBridge The following is the full interview: Odaily: Great to meet you, Alex! We are very lucky to have the opportunity to speak with the deBridge team. First, can you introduce yourself and the deBridge team and explain what your project does? Alex: Of course. Thank you for inviting me to the interview today. My name is Alex, and I am the CEO and co-founder of deBridge. But I would prefer you to call me a core contributor to deBridge, especially as we are in the process of transforming into a DAO. Basically, we are building the Internet of Liquidity. deBridge is considered the fastest and most secure bridge on the market. We started our journey in early 2021 and we have undergone significant changes since then. We initially gained attention after winning the Chainlink Global Hackathon. Yes, we started as a hackathon project, but we have grown rapidly in the past three and a half years. From the beginning, our goal has been to enable the free flow of information and liquidity. The reason we started working on the bridge was to solve the problem of liquidity transfer. Our team was involved in cross-chain arbitrage and needed to rebalance our inventory using centralized exchanges. However, we often faced challenges with centralized exchanges, such as delayed withdrawals or insufficient hot wallet liquidity. We realized that a truly decentralized technology was needed to facilitate the transfer of information and liquidity. We have been working on this mission for quite some time. As you may know, security is the biggest challenge in this space. We are proud that deBridge has not experienced a single vulnerability or security breach to date. Our bridge infrastructure has maintained 100% uptime since day one. Moreover, we are known as the fastest bridge because we adopt a unique model that is different from traditional cross-chain infrastructure. Odaily: Thanks for the introduction. Let’s dig into the product side of deBridge specifically. We noticed some impressive numbers, especially the widespread use of deBridge between EVM chains and Solana. For example, in June, the total amount of assets launched on Solana was $280 million, of which $154 million went through deBridge, compared to $125 million through Wormhole. These are pretty impressive numbers. What metrics does your team consider when deciding which chains to support? Do you consider growth in specific areas, such as farming, meme tokens, or staking on a chain? What are the key metrics you consider? Alex: That’s a good question. Initially, we started developing deBridge for the EVM chain because any cross-chain infrastructure consists of two layers: the protocol layer, which is basically the smart contracts deployed on each chain; and the infrastructure layer, which involves the validator nodes that sign and verify cross-chain messages. EVM was an obvious choice at the time because the entire DeFi space was originally built around the EVM and was mainly centered on Ethereum. As we saw more layer-2 solutions emerge, we started thinking about what would be the first non-EVM chain we should support. We had several internal discussions and considered the various technology stacks and ecosystems that had developed around 2021. Ultimately, we decided to support Solana because we are excited about the development and growth of its ecosystem. It all started with a small $20,000 grant we received from the Solana ecosystem, which became the starting point for our long-term involvement. We spent about two years building the protocol layer, infrastructure, and everything necessary to be able to adapt when the mainnet launches. Today, deBridge is one of the main bridges in the Solana ecosystem, and a large part of the liquidity inflows and trading volume is handled through our infrastructure. Our goal is to make deBridge truly decentralized in terms of scaling and deciding which chains to support. As I mentioned before, we are building the Internet of Liquidity for DeFi. One of the huge advantages of the internet is that it is permissionless - you dont need permissions to visit a website or connect to the internet. We believe this concept should also apply to DeFi. Any blockchain ecosystem should be able to connect to deBridge and communicate seamlessly with any other supported blockchain. To do this, we developed a unique framework called IaaS, which stands for “Interoperability as a Service”. This is almost like the SaaS model that is very popular in the Web2 space. For IaaS (Interoperability as a Service), any blockchain ecosystem can initiate a subscription through a smart contract, pay $10,000 per month, and connect to deBridge immediately. The biggest problem right now is that if you are building your own chain or a layer 2 solution, you absolutely need a bridge because it is fundamental. However, if you approach most popular bridge providers, they usually require millions of dollars in funding or a large amount of liquidity to be supplied to their pool, which is not feasible for everyone. With deBridge, you do not need to negotiate with our team or request an integration. You can simply initiate a subscription through a smart contract and the deBridge infrastructure will be deployed on your chain. Our validators will automatically establish a connection with your chain. Solvers in our liquidity network will automatically see all transactions created in and out of your ecosystem and decide whether to satisfy them. This is how we achieve the Internet of Liquidity. So far, deBridge has two types of IaaS adapters. The first is EVM, allowing any EVM-compatible chain to connect. The second is SVM, enabling any Solana-compatible or general ecosystem to connect. We are further considering how to enable connectivity for more complex chains such as Aptos, Sui, or Cosmos. The next step for this framework will be IaaS adapters, leveraging our codebase of existing adapters to allow anyone to build their own adapters for more complex chains. For example, a developer can port a deBridge smart contract from Solidity or Rust to a specific chain’s language, audit it, deploy the smart contract, and then connect to deBridge in the same way. We believe that anyone should be able to build, and as we transition to a DAO, a large part of our efforts and funding will likely be focused on incentivizing developers to connect more blockchain ecosystems. So, this is how we envision the future of deBridge. Odaily: So, the next question is, what are the big upcoming events in deBridge’s product roadmap? Alex: That’s a good question. The next biggest milestone is the launch of our token and transition to a DAO. So far, deBridge is one of the fastest growing bridges and the only one that has successfully established an efficient value capture mechanism. deBridge is not only fast, but it is also the first bridge to reach the break-even point. It generates sustainable profits every day because any user who initiates a transaction or makes a cross-chain transfer is required to pay fees. In our case, these fees are used for security and speed, making deBridge the most secure bridge on the market. Users want to have confidence that their actions or token approvals will not result in the loss of funds. Simply building a bridge is not enough. If you don’t have fees, you can inflate metrics and volumes, but without effective value capture mechanisms, those metrics are meaningless. You can plug in any wallet, but the real challenge is building an efficient bridge with sustainable economics — one that not only achieves meaningful metrics, but also generates value accumulation that funnels fees into the treasury. Without these value accumulation mechanisms, you can’t build a truly decentralized protocol or ecosystem. In my opinion, deBridge may be the first bridge to achieve this. If you look at platforms like Token Terminal or DeFiLlama, deBridge is one of the bridges that generates the largest fees. So far, we have accumulated about $12 million in the protocol treasury, which is a considerable amount - in fact, more than the total funds we have ever raised. Sorry, maybe that’s a little off topic. But regarding the roadmap - an important step is the launch of the token, which is indeed a key step in the transition to a DAO. However, we are also steadily executing our mission to build the “Internet of Liquidity” for DeFi, which involves the development of many improvements and new product features. One particularly interesting direction we are working on is custody, similar to what existed before with Bitcoin. We plan to bring native Bitcoin to Solana to enable native cross-chain trading of existing assets between Solana, other EVM chains, and native BTC. Basically, you will be able to deposit BTC to a specific address on the Bitcoin chain and receive SOL on Solana or MATIC on Polygon. This will be a major improvement in terms of user experience and liquidity, as Bitcoin is one of the largest assets by market cap in the crypto market. Additionally, we are focused on scalability and supporting new chains. We think Tron could be a valuable addition to deBridge because there is a lot of liquidity there. Currently, no bridge can effectively handle the large transaction volumes on Tron, so enabling the transfer of assets like USDT between Tron and other ecosystems could be a significant value unlock. We are also working to improve the liquidity network of deBridge, our unique “zero TVL” model for cross-chain asset transfers. Traditional bridges rely on liquidity pools, which have multiple bottlenecks in terms of security, scalability, and capital efficiency. Liquidity pools are susceptible to major vulnerabilities. We pioneered the zero TVL model for cross-chain transfers, and now we are enhancing it further - making it faster, and minimizing operational costs for users and dApps. As a result, GLM (Gas-free liquidity mining) will become more affordable for users and solvers, improving the user experience and expanding its utility. Additionally, we are developing user-requested features. One of them is Gas-free operations. For example, anyone can initiate a Gas-free cross-chain transaction without signing or broadcasting the transaction. Instead, you can simply sign a cryptographic message (such as a permission), and the Solver will broadcast the transaction on your behalf, completing your transaction immediately on the target chain. This feature also allows Gas separation, making it possible to develop interesting Social Finance (SocialFi) mechanisms on deBridge, such as copy trading. Or even different Telegram embedded bots or embedded applications, where users can participate in copy trading or delegate their liquidity to a specific vault to have others execute trades on their behalf. There are a lot of interesting mechanisms that can be developed, but Gas separation for cross-chain operations will be a significant user experience improvement. Another interesting feature is Gas-free cancellation, where users will not need to broadcast a transaction if an intended transaction cannot be carried out. Instead, they will be able to cancel that intended transaction in a completely Gas-free manner. So, these are some of the product features and plans we have in mind. Odaily: Let’s talk about technical solutions: What type of technical solutions does deBridge choose when transferring assets across chains? What are the advantages and boundaries of your solution in terms of efficiency and security? Alex: Good question, let me explain the difference first: Historically, most bridges were built as liquidity protocols, which means that settlement or cross-chain transfers happen in liquidity pools. How it works is that you put your assets into a pool on one chain and then wait for the transaction to be completed, which can sometimes take up to 20 minutes, for example on Polygon, where final confirmation takes a long time. After those 20 minutes, your transfer will be settled from the liquidity pool on the target chain. However, this model is fundamentally flawed. It is synchronous, which means that automated market makers (AMMs) are required in many cases, and price discovery happens through Curve. In addition, the liquidity pool itself is a bottleneck. For example, if there is only $2 million of liquidity in the pool, you cant transfer $3 million or $4 million because there wont be enough liquidity for settlement. In addition, there is slippage - you dont know how much you will receive in the end. While waiting for the transaction to be finalized, others may send large transactions before you, causing your transaction to be reversed due to slippage or insufficient liquidity, or you may receive much less than expected, which is a big problem for user experience. Another issue is capital efficiency. In order to attract liquidity to these pools, you need to spend a lot of money on rewards and liquidity incentives. For example, US Treasuries now pay about 6% annually, while bridges, due to their higher risk, must pay at least 15%. Imagine a bridge with a total value locked (TVL) of $100 million - this means at least $15 million in interest payments to liquidity providers per year. In order to cover these fees, the bridge would need to generate more than $15 million in fees, which is almost impossible. This is why this model is not capital efficient and liquidity will always drain away from these types of solutions in the long run. The last question is security. If a bridge has a TVL of $100 million, it becomes a prime target for exploitation. This is why we see so many hacks in the cross-chain space. If you interact with a bridge with a high TVL, it is inherently risky in my opinion. We recognized these deficiencies early on and started thinking about how we could move our model from being pool-based to more of a zero-TV design or network model where we didn’t rely on pools for settlement but took a different approach. We can use solvers or private market makers, and we came up with this “zero TVL” design. How it works is that anyone can create an intent that basically says, “Okay, I’m offering 100 USDC on Polygon, anyone can give me 99 USDC on Solana.” This intent is like a limit order. Any solver or market maker on Solana will immediately see this intent, and the first person to offer 99 USDC will be able to send a cross-chain message to Polygon, unlocking the liquidity that I provided as a user. Small spreads — like $1 in this example — are how this design works, and it’s very efficient. The key advantage here is that there is no static locked liquidity. Instead, a solver or market maker completes the trade while maintaining their own liquidity, either in their wallet or on their balance sheet. This liquidity only interacts with the smart contract for a very short time during settlement. Another interesting aspect is that the solver takes on all the risks of the user, including those associated with trade finality and reorganization. This is their profession and they are rewarded for it. Therefore, users do not need to wait 10 or 20 minutes. Solver manages finality risk, which is why settlement is usually completed in seconds. This makes deBridge the fastest technology by design. In addition, it is capital efficient. deBridge does not need to provide incentives to attract liquidity because in this zero TVL design, there is no locked liquidity at all. If there is no locked liquidity, there is nothing to hack, making the model significantly more secure. Another key point is that users know the exact output they will receive, eliminating slippage. When a user creates a trade, they can specify the exact parameters. For example, I can specify that I am providing 1 USDC on Polygon and want to receive 1,000 SOL on Solana. While no solver will fulfill such an order, I still have control over the execution price. If the trade is profitable — for example, if I provide 1 SOL for $200 — then solvers will compete to execute the trade. This way, I know how much I will receive and don’t have to worry about slippage or AMM-based price discovery. For example, if I want to buy something, like a hoodie that costs $100, I don’t want to pay $101 or $99 due to slippage. This precise cutting capability is only possible with deBridge’s liquidity network. So, this is the comparison between the traditional approach and our zero TVL design, highlighting the advantages and addressing the issues of each approach. Odaily: In fact, we noticed an example where a market maker recently executed the largest single cross-chain transfer on Solana — $4 million in USDC. If you are familiar with this case, can you walk us through how deBridge handled it and how this example highlights deBridge’s capabilities? Alex: Yes, absolutely. This is indeed one of the largest transfers we settle. This particular transfer was facilitated by Wintermute, a market maker. These market makers typically spread liquidity across different chains and their goal is to optimize the market through arbitrage or MEV (maximum extractable value). If they have liquidity, they want to make it work, so intent or settlement capabilities can be added to their infrastructure. In this $4 million transfer, it was from Ethereum to Solana, and a large fund needed to move liquidity quickly. In times of market volatility, you can’t rely on centralized exchanges, as they typically require 64 block confirmations, and waiting that long is risky when facing liquidation or hoping to buy an asset when the price drops. This is where deBridge comes in — it’s the fastest solution, giving users a first-mover advantage, whether they want to buy something or manage liquidity more efficiently and securely. In this case, the fund needed to quickly move liquidity from Ethereum to Solana. They created this large transfer, but the small Solvers in the deBridge network couldnt handle it because they didnt have enough liquidity. Wintermute took on this transfer, and its worth noting that the person who moved the liquidity to Solana immediately deposited it into Drift to start trading. I saw Cindy, the founder of Drift, tweet about this, and its a cool example of composability in DeFi. People dont have to worry about where their assets are or on which chain - they can move assets across chains freely and instantly. This is how the Internet of Liquidity works. Odaily: Absolutely, that’s really cool. We know deBridge is entering phase 2 of the points program. What kind of benefits can users expect? Alex: The points system is a way for us to measure the contribution of each user or partner to the overall success of the deBridge ecosystem. We redesigned the points system to distribute points in an interesting way, with points proportional to fees paid to the protocol. Fees act as an effective monetary barrier, helping to reduce Sybil attack vectors, where people might try to get free airdrops by burning gas. In deBridge, we have had fees from day one, so all users know they are paying a small fee for security, speed, and decentralization. We launched this points campaign as the first to make it proportional to the fees generated by the protocol - basically 100 points per $1 spent. We created a leaderboard showing statistics and protocol activity for all addresses interacting with the deBridge infrastructure. Additionally, we have added a referral component. For example, integrators like Jupiter using deBridge can earn 25% of the referral points generated by their users. Similarly, active community members or leaders who share referral links on their blogs or social media will also earn 25% of their referral generated points. This approach is similar to the referral programs used by centralized exchanges to incentivize people to spread the technology. Our goal has always been to build decentralized governance without venture capitalists dominating, which is why we havent raised a large marketing budget. Instead, our marketing ambassadors are our users - people who are impressed by the speed and security of deBridge and naturally spread the word to their friends and family. Points campaigns are an effective way to communicate with our community and incentivize them to use the protocol. You can think of it like an airline mileage program. For example, I choose to fly Emirates because I like to accumulate miles and then use them for upgrades, which brings me benefits. Its an effective user acquisition tool. The points campaign has worked really well for deBridge. We designed and developed it as part of our platform. Season 1 recently concluded and translated into an airdrop of the initial token allocation, which will be the largest allocation to the community. After the snapshot, we will start Season 2, which is essentially a continuation of the program. The deBridge DAO we envision for the future will have three key stakeholder groups. First, lets talk about the community. We have a section called Community Launch that allocates 20% of the total token supply. This will be distributed over three and a half years. The same allocation applies to core contributors - 20% over the same time period. In addition, we have reserved 20% for our strategic partners who supported us in the early stages of deBridge, before we generated any revenue, and have continued to support us over the past three and a half years. Thanks to this balanced approach and the minimal amount of money we raised, we can maintain a healthy distribution, with each stakeholder group - community, core contributors, and strategic partners - ultimately holding approximately 20% of the total supply. These distributions will vest gradually and quarterly over this period. The first season of our points campaign has just ended, and 6% of the total supply will be distributed to users and participants. The remaining supply will be distributed in future points campaigns. Season 2 starts immediately after the end of Season 1, continuing to incentivize users. If you use deBridge to make cross-chain transfers, you will earn points reflected on the application banner. You can also view all statistics and explore your points. These points make you eligible for future token distributions, which will be managed by the DAO. This system doesn’t just apply to users; it also includes integration partners. For example, wallets that integrate the deBridge API or widget will be eligible for these distributions as they accumulate referral points. This is the mechanism we have established for point campaigns and token distribution. Odaily: Thank you very much. How has the community responded to Phase 1? Has everything been smooth sailing, or have there been any challenges? Alex: Yes, of course. First of all, you can never please everyone, right? Thats the way the world works - there are always some extremes. When you satisfy one group, it may mean that another group is not as satisfied. Its like Newtons third law in a way. Overall, we are optimizing deBridge to serve loyal users and those who have been with us for a long time and understand our long-term vision to build the liquidity internet of DeFi. In any points campaign, you will have different users - some are really invested in the project, while others just want a quick airdrop. Historically, there have been several large airdrops, such as the Arbitrum and Uniswap airdrops, where people, including myself, made some transactions and suddenly received $2,000 worth of tokens. It was like magic because no one expected it and airdrops were not popular at the time. But now, some groups expect this to continue forever, thinking that the protocol will keep airdropping free money. However, economics always follow certain rules, there is no magic - only math. With my math background, I always try to understand where value comes from. At deBridge, we are building a sustainable company, so we focus on our long-term users. Generally speaking, when it comes to Season 1, most of our loyal users and those who understand our long-term vision are satisfied and happy. However, those who are primarily interested in the airdrop might not be so satisfied. One of the main complaints we received was about the timeline. The deBridge Foundation announced the airdrop checker, where anyone can connect their address and see their airdrop allocation. The top 10% of the Season 1 leaderboard users were locked, meaning they got 50% on the first day and the remaining 50% after six months. Some users were unhappy with this and said, Look, you made us hold tokens for six months. We are not happy. This is a valid concern. I’m excited about both groups of people – our long-term supporters and those who are short-term players. But it’s true that some people were unhappy with having to wait six months — they wanted it to happen faster. So we listened to their feedback, and the deBridge Foundation introduced an additional feature that allows them to claim their tokens early for a 20% penalty. This penalty will be redistributed to those who are willing to wait six months. This is actually an interesting mechanism that allows us to differentiate between loyal users who see long-term value and understand our vision, and those who are more short-term users or airdrop hunters looking for a quick flip. We respect both groups of people because they each play an important role. We often discuss ideas with the community to see what they think and what they suggest. If the feedback makes sense, were willing to adapt or implement something new. If not, we dont pay attention. But there are a lot of smart people in our community who make great suggestions, and we try to listen to them. The 20% penalty feature was a particularly good suggestion that the deBridge Foundation adopted. I think most people are very excited about it. We saw over 1,200 likes on the foundation announcement, and I think well break 1 million views on that tweet soon. So thats great to see, and it shows that were moving in the right direction. Odaily: So, the next question is about DBR – can you share any data or details about DBR’s launch on the LFG Launchpad? Alex: LFG Launchpad is a way to bootstrap on-chain liquidity and is actually the largest launchpad in the Solana ecosystem, built by the Jupiter team. The Jupiter team is amazing and their DAO is one of the largest. Im always impressed by how they think about user experience, and at deBridge, we actually took a lot of inspiration from Jupiter. Were lucky to be involved in LFG Launchpad, and the Jupiter DAO voted for deBridge. The way it works is that at some point, the token needs to become tradable and go through a market. The challenge is how to have a fair launch so that the token isn’t just traded by MEV bots or dominated by venture capitalists, but that everyone has a fair chance to participate in the launch. That’s what LFG is about — it’s built to bootstrap on-chain liquidity for tokens, especially in the Solana ecosystem, which is perfect for deBridge. We designed our LFG in a unique way. This is not a classic Jupiter mode launch, although those are great too. In our case, the LFG event will be super unique. Only eligible addresses can participate, and eligibility is determined by loyalty. Specifically, users who have used deBridge on at least 10 different days will be able to deposit into the LFG vault. Additionally, users who have staked a certain amount of Jupiter (I believe it is over 600 JUP) will also be eligible. This information is detailed on the Jupiter Research forum. Therefore, people in the top 10% of JUP stakers will be able to participate and deposit into the LFG vault. This is how the mechanism will work, everyone will get tokens at the same price. The secured liquidity will be used to bootstrap on-chain liquidity pools on Meteora, specifically the Meteora Dynamic Pool. Another interesting aspect is that each address will be limited - not only do participants need to be whitelisted or eligible, but their deposits are also limited. The limit is set at $25,000, which ensures that no single whale can deposit $10 million and dominate the pool. This approach ensures a fair distribution and fair on-chain liquidity launch. We have two distribution processes: an airdrop that everyone can claim, and the LFG liquidity bootstrapping mechanism. Tokens from both distributions will be available to claim at the same time, and everyone has equal rights in when and how to claim. Odaily: Thank you, in addition to this, our readers are particularly concerned about the utility of the token. From a demand perspective, can you explain the use case of DBR and future plans related to it? Alex: Of course. DBR will be a utility token, and its primary use will be governance. All token holders will be able to participate in the DAOs decision-making process. They can make suggestions on various matters, such as which chains should be integrated through the IaaS framework, which product features should be prioritized for implementation, or how the DAOs treasury should be managed. For example, deBridge has accumulated approximately $12 million in transaction fees, which will be controlled by the DAO. Token holders will have a say in how these funds are used — whether for protocol development, allocating incentives to certain partners or integrators, or other purposes. Governance of the treasury will be an important responsibility of token holders. The second use of DBR is staking. To participate in governance, token holders need to stake their tokens and use their staking power to vote on various proposals. These proposals may include adjusting key parameters such as transaction fees, managing the list of active validators, or rotating validators when needed. Basically, token holders will have the power to control the entire protocol. Odaily: Here’s the final question: Looking ahead, we’d like to know what the next major milestone for deBridge will be? What upcoming features or initiatives should users expect? Alex: The token launch is definitely a major milestone, which requires a lot of preparation. But I think the transition to a DAO is another very important step. This is the key to making the Internet of Liquidity truly unstoppable. In terms of product features, there are several exciting developments. For example, we are working on integrating with new chains, such as Tron, which will be available in the near future. We are also focusing on gasless transactions, which will allow users to perform gasless cancels, and enable more complex operations such as DCA. This will allow large transactions to be broken into smaller transactions, spread out over a certain period of time. We recently launched P2P functionality on the deBridge Liquidity Network (DLN), which allows for more customized trades where you can specify the other party’s address — ideal for OTC trades, for example. This is a pretty cool addition. Another important area is custody. We have dePort, which is our custody solution that allows assets to be transferred from one chain to another, effectively creating derivatives of them. The next big milestone for deBridge will be to enable custody for BTC, allowing users to trade native BTC on any asset on any other chain. Additionally, we are working on improving various issues related to transaction costs and gas efficiency to make the protocol more cost-effective for users. Staking is also an important upcoming feature that provides another level of utility to the token. Users will be able to stake and participate in governance. These are the major milestones and functional developments we are currently focusing on.
introduce LayerZero is a full-chain interoperability protocol designed for lightweight messaging across chains. Stargate is the official bridge launched by the LayerZero team. deBridge is the liquidity internet of DeFi, focusing on speed, security, and user experience, driving real-time value and information delivery across the entire DeFi space. By enabling unified liquidity, free information exchange, and open access, deBridge transforms DeFi into a unified open market. This article will conduct an in-depth analysis of layerzero and its cross-chain products Stargate and debridge, including a comparison of technical models, TVL models, protocol activity, revenue, protocol activity, etc. About Trading Volume and TVL First, we understand that TVL and transaction volume are not the most accurate indicators of value capture for the following reasons: Bridges must continually distribute incentives to maintain TVL in the pool. A bridge that charges no fees can attract any volume. Therefore, protocol profits are a more useful metric. If you compare deBridge to other projects, it is the only scalable and profitable infrastructure, earning $12 million through transaction fees so far without any liquidity incentives. They deliberately chose not to conduct liquidity mining activities to ensure that they can focus on building sustainable revenue sources and believe that this approach will bring long-term success to the project. deBridge’s lack of TVL enables it to design a more secure architecture and have a scalable business model that taps into the entire non-custodial spot and OTC markets. To provide some insight into the potential benefits: Currently Stargate is valued at $330 million FDV, LayerZero is valued at over $3 billion, with a total FDV of $3.3 billion, and deBridge is expected to launch at just $250 million. deBridge has the following advantages: Scalability (with unlimited throughput) Security (shared security model, off-chain verification, 0 TVL) Gas efficiency Compared to LayerZero, deBridge also offers: Capital efficiency (minimum fee 4 bps) Zero Slippage and MEV Protection Instant Settlement deBridge allows for rapid scaling of transaction volumes and creates massive network effects. How to achieve zero TVL? deBridge is an asynchronous value transfer protocol that uses a new paradigm, “on-demand liquidity”, through which any cross-chain transaction can be settled natively without the need for TVL. deBridge consists of two types of market participants: market makers (users and protocols that want to trade across chains) and order takers (any liquidity owner who is motivated to complete a cross-chain order). You can think of it as a cross-chain limit order protocol, or a cross-chain exchange, that simply matches cross-chain orders and incentivizes takers to fill market makers’ orders. With deBridge, liquidity is more sustainable and efficient than any locked liquidity pool approach, as any order can be fully or partially filled by any market participant. Order takers can leverage centralized exchanges and private liquidity networks to efficiently rebalance liquidity between chains to quickly meet demand and complete cross-chain limit orders. With this design, there is no need to continuously lock liquidity in the liquidity pool, thus achieving zero TVL. Liquidity is directly owned by its owner rather than being pooled in a shared state. How does deBridge’s “on-demand liquidity” model address the challenges of the “continuously locked liquidity” approach in traditional cross-chain value transfers? What benefits does this paradigm shift bring to market makers and order takers in the DeFi ecosystem? To answer this question, we can roughly divide bridges into two categories: regulatory and non-regulatory. It is generally believed that both types of bridges must hold assets in liquidity pools to facilitate cross-chain transfers. This is not only wrong, but also dangerous. All non-standard bridges attempt to solve both custody and value transfer problems simultaneously, inevitably locking liquidity in smart contracts and transferring all value through their shared liquidity pools. In addition to ecosystem risks, the TVL of these bridges adds additional security assumptions to the underlying cross-chain infrastructure and creates a honeypot for hackers as the attack surface is magnified. The liquidity pool approach also brings up sustainability issues. Classic cross-chain protocols must constantly incentivize liquidity providers in all pools, regardless of liquidity utilization, and once the incentives stop, liquidity will leave to seek higher-yielding opportunities. Fundamentally rethink the current space and bridging issues to avoid the inefficiencies and security risks of using liquidity pool bridges. deBridge is an asynchronous value transfer protocol that uses a new paradigm, “on-demand liquidity”, through which any cross-chain transaction can be settled natively without the need for TVL. This eliminates the attack vector that has resulted in over $2 billion being hacked in the past 12 months, providing a fundamentally more secure, faster, more scalable, and more capital-efficient liquidity transfer protocol that brings a CEX-like user experience to cross-chain liquidity transfers. In addition to security, deBridges performance advantages include: Native assets (no wrapped asset risk) Ultra-fast transactions (no need to wait for finality on the target chain) Ultra-capital efficient (no AMM fees) No AMM slippage or MEV Rapidly scalable (deBridge can support new chains without running liquidity mining activities) Deep liquidity (not limited by TVL in the target chain pool) deBridge provides infrastructure for non-custodial spot trading markets, including all types of market participants such as users, protocols, wallets, centralized exchanges, market makers, arbitrageurs, MEV searchers, hedge funds, and OTC desks, providing a cross-chain trading and non-custodial way to monetize liquidity without the risk of locking in liquidity. Unreplicable functionality, deBridges P2P platform Powerful new primitives designed for advanced users and institutions deBridge P2P enables fully non-custodial cross-chain OTC trading, enabling anyone to choose the counterparty for their cross-chain transfers. Users and institutions can also conduct compliant cross-chain transactions, where they need to understand the source of liquidity used to complete transactions and confirm counterparties. Through P2P, deBridge ensures that users will never lose custody of their assets in a trade or OTC transaction. This is especially helpful for traders and holders who want to sell their assets across chains to a specific counterparty trader at an agreed price without involving the liquidity pool of a CEX or DEX (anonymity). P2P Use Cases Institutions conduct compliant transactions with known counterparties Anyone can conduct OTC transactions without worrying about counterparty risk, as parties never lose custody of their assets Anyone can participate in OTC trading of any asset before it is listed on any exchange. For example, you can exchange a newly created token on Solana for an illiquid token on Arbitrum without relying on a written agreement or an OTC desk. For privacy-oriented large transactions, users who do not want to disclose transaction data to centralized counterparties can conduct P2P on-chain transactions. The non-custodial P2P OTC business is still a gap in other bridges, but it is a very necessary platform. Decentralized OTC is crucial to the development of DeFi because it provides a more convenient, secure and controllable path for traditional large funds and more capital to flow into the Web3 industry. This helps bridge the gap between traditional finance and the decentralized ecosystem and promotes greater liquidity and adoption of DeFi solutions. Security Model Comparison deBridges isolated security model: Risk propagation prevention: deBridge adopts an isolated security model, which means that problems in one supporting chain (such as vulnerabilities or consensus issues) will not affect liquidity or integration on other chains. This isolation ensures that if a hack occurs on one chain, the impact will be contained, and only orders from the damaged chain may not be completed or require a higher premium to compensate for the increased risk. LayerZero/Stargate’s shared security model: Risk propagation across chains: LayerZero/Stargate uses a shared security model, and a problem on one chain may lead to a loss of liquidity on all chains because security is interconnected. 2/2 consensus mechanism: LayerZeros validation layer relies on a 2/2 consensus mechanism, which requires both the oracle and the relayer to agree. However, this setup carries the risk of collusion between the oracle and the relayer, which could undermine security. deBridge’s validator consensus: 12 Validators with Financial Risk: Compared to LayerZero, deBridge uses a consensus model with 12 validators. These validators receive financial risk and rewards through a delegated staking and penalty mechanism, making the consensus more robust and secure. Off-chain verification: deBridge validators sign messages off-chain, ensuring three main advantages: Unlimited Throughput: There is no intermediate consensus layer (like a blockchain), so there is no throughput limit. Ultimate security: Validators do not communicate with each other and do not expose their IP addresses, thus reducing the risk of attacks. High gas efficiency: Validators do not broadcast transactions, so no gas fees are incurred, while LayerZeros gas fees are borne by the message sender. Scalability and compatibility with non-EVM chains Support for Solana: deBridges validation layer is designed to be easily extended to non-EVM chains such as Solana. It enables EVM smart contracts to interact seamlessly with Solana programs, while LayerZero faces challenges in this regard due to the need to modify its validation layer or wait for new Ethereum improvements (such as EIP-665) to be implemented. Challenges of the LayerZero model: Gas price fluctuations: LayerZero’s model requires oracles and relayers to relay proofs and broadcast transactions, exposing them to risks associated with gas price fluctuations. These costs are ultimately borne by the message sender, increasing the cost of each message. Summarize Compared with LayerZero/Stargate, deBridge provides a more secure, efficient and scalable cross-chain transaction solution. deBridges isolated security model prevents risk propagation, and its off-chain verification mechanism provides high throughput, enhanced security and lower costs. deBridge has also demonstrated its ability to support non-EVM chains such as Solana, while LayerZero is inferior to deBridge in terms of security and gas efficiency due to its reliance on a 2/2 consensus mechanism and a shared security model. Protocol Activities Layer Zero Protocol Activities Data source: https://layerzeroscan.com/analytics/overview deBridge Protocol Activities Data source: https://app.debridge.finance/analytics?start=01-01-2024end=18-08-2024 As can be seen from the chart, deBridge has maintained a stable trading volume for a long time, and the fluctuation of trading volume is relatively small when the overall market fluctuates. In contrast, LayerZeros trading activity has dropped significantly after several peaks, indicating that its trading activity may be more susceptible to market changes. The stability of deBridge’s transaction volume means that its user base is more solid, the application scenarios of the protocol are more extensive, and its market adaptability is stronger. Since deBridge uses a liquidity on-demand model, capital efficiency is greatly improved without the need for continuous liquidity mining incentives. This makes deBridge more sustainable in the long run. In contrast, LayerZero may need to maintain its liquidity through continuous incentives, which will lead to inefficient use of funds and may face the risk of liquidity depletion. Cross-chain fee comparison We all know that stable income is the cornerstone for cross-chain protocols to survive, develop and gain a foothold in the fierce market competition. Long-term profitable products are particularly critical for bridging ecosystems and product iteration. Stargate users generate cross-chain fees (60 days) Data source: https://defillama.com/protocol/stargate-finance?fdv=truefees=true deBridge user cross-chain fees (60 days) https://defillama.com/protocol/debridge?fees=true It is clear from these two charts that there is a significant difference in the cross-chain fee revenue between deBridge and Stargate over the past 60 days. deBridge: The chart shows that deBridge’s fees remain stable, and the higher average fees mean that the stability and profitability of its products are enduring. Stargate: Stargate’s cross-chain fee income chart shows that its fees fluctuate greatly. Although there are occasional peaks, the average is lower than deBridge. analyze: Stability: Compared with the larger fluctuations of Stargate, deBridge shows a more stable revenue trend, indicating that its user base is more stable or has stronger risk resistance. Potential Revenue Advantage: Although deBridges peak performance is lower than Stargates, its stable and consistent revenue could be a boon for long-term growth. This chart shows the fee revenue of each cross-chain bridging protocol over the past 90 days, with deBridges DLN product significantly outperforming its competitors. DLNs fee revenue exceeded $3 million, far exceeding the second-ranked Altbridge Core. Other well-known protocols such as Synapse and Stargate had significantly lower revenues, highlighting DLNs dominant market position and strong growth potential in the cross-chain bridging field. Token FDV Comparison Layer Zero FDV: $3,495,837,532 Total Supply: 1, 000, 000, 000 Data source: https://www.coingecko.com/en/coins/layerzero Stargate FDV: $324,111,490 Max Supply: 1, 000, 000, 000 Data source: https://www.coingecko.com/en/coins/stargate-finance deBridge FDV at launch: $250, 000, 000 Max Supply: 10, 000, 000, 000 Source: https://www.jupresear.ch/t/everything-you-need-to-know-about-dbr-s-launch-on-lfg/20893 LayerZero’s $ZRO token has a fully diluted valuation (FDV) of $3.4 billion, and its cross-chain product Stargate’s $STG token has an FDV of $320 million. Together, they represent a huge amount of value. However, deBridge’s $DBR token has an FDV of only $250 million, but shows superior protocol activity and stable cross-chain fee income. It is worth noting that while LayerZero has raised $315 million through three rounds of funding, deBridge raised less than $10 million in its early stages and has not received further investment. Despite this, deBridge’s protocol revenue has reached $12 million, highlighting its lower FDV and higher intrinsic value. When comparing the LayerZero and deBridge projects, the lower FDV highlights the advantages of deBridge: Stability and efficiency: Despite an FDV of only $250 million, deBridge’s protocol activity and cross-chain fee revenue outperform LayerZero and Stargate, suggesting that $DBR may be undervalued and have greater growth potential. Prudent Fundraising: deBridge raised less than $10 million initially, demonstrating its efficiency and autonomy, avoiding the risk of price drops due to the release of a large number of tokens. Revenue Performance: With protocol revenues reaching $12M, $DBR’s actual market value is more attractive. deBridges unique approach emphasizes efficiency and value creation over high valuations. Unlike LayerZero, which raised a large amount of funding and has a high FDV, deBridge has only raised less than $10 million. This streamlined funding model has enabled deBridge to build a stable and efficient protocol that outperforms its peers in terms of activity and revenue. Despite an FDV of only $250 million, deBridges strong revenue and controlled token supply highlight the intrinsic value of its $DBR token, indicating significant long-term growth potential. The deBridge protocol has achieved an impressive revenue milestone with a small amount of funding, highlighting the inherent strength of the project. As more users and developers recognize the embedded value of deBridge, its market position is expected to improve, providing greater investment return potential compared to other capital-excess projects. This makes $DBR a high-potential asset with considerable room for appreciation in the secondary market.
Today, the deBridge Foundation was officially launched and established its mission to expand, strengthen and accelerate the growth of the deBridge ecosystem while promoting the construction of the liquid Internet that decentralized finance (DeFi) deserves. As a first step, the Foundation launched the DBR Inspector, a tool that allows community members to preview the DBR tokens generated by the Season 1 deBridge Points activity. About deBridge Foundation The deBridge Foundation will help develop and grow the protocol and ecosystem through a number of initiatives, including grants and long-term incentive programs, and will play a key role in driving decentralization. The deBridge Foundation will be obligated to pursue the interests of the entire DAO and its key participants, including core contributors, strategic partners, and the community. Governance will empower DBR holders to shape the future of the protocol, marking a strategic move to further decentralized governance. Soon, DBR holders will be able to vote on governance proposals and propose ideas that will help the deBridge ecosystem grow and develop. Community and Launch — Season 1 DBR Distribution Throughout the deBridge development process, the project intentionally raised enough funds to launch the protocol before revenue began to flow in. The goal of this strategy was to ensure a balanced alignment between the following core groups of participants in future governance: Core Contributors Strategic Partners and Validators Community Each group contributes equally to our shared success. To maintain this long-term balance, the token distribution has been thoughtfully designed so that each group has a similar share in governance, which will be unlocked gradually over the next 3.5 years. The community is the main force driving the development of the deBridge ecosystem, and this group is the first to receive tokens and initiate ecosystem governance. A few months ago, we published the token economics of the deBridge Protocol Token (DBR) as we move toward further decentralization. To help understand the complexity of token economics, we would like to highlight some important parameters here. The total supply of DBR is 10 billion tokens, with an initial circulating supply of 1.8 billion (18%). The tokens will be issued on Solana in the form of SPL tokens: According to the published token economics model, the community and launch tranche will receive the largest share of all initial TGE unlocks (10% of total supply or 1 billion DBR) and is designed to meet all needs for the DBR launch: 2% (200 million DBR) — LFGVault: This portion will be used for LFGVault to enable on-chain trading of DBR. This will be an exclusive event, only active deBridge users and some Jupiter community members are eligible to participate (all unused tokens will be returned and used for future distribution seasons). Learn more about the LFG Vault mechanism. 1% (100 million DBR) — Jupiter DAO LFG Rewards: will be allocated to Jupiter DAO as a reward for its important role in driving the LFG process and promoting the growth and development of the deBridge ecosystem. 1% (100 million DBR) — Meteora Dynamic Pool: Will be used for the Meteora Dynamic Pool to ensure DBR has smooth liquidity on-chain from launch. 6% (600 million DBR) — deBridge Points Season 1 Holders: All remaining unlocked tokens will be distributed to Season 1 Points holders, the first and largest distribution. Tokens will be distributed proportionally based on the number of Points accumulated by each address at the time the Season 1 snapshot is announced . DBR Eligibility In the first season of the points program, users, integration partners, and community members have accumulated 1.5 billion points, helping spread the idea of the DeFi liquidity internet. We believe that everyone active in the deBridge ecosystem has contributed to our mission and should be stakeholders in future governance, and points are a fair way to quantify everyones contribution to collective success. Every address with points is guiding and shaping our technology, helping to bring our products to DeFi, and ultimately giving us the motivation to keep moving forward. The first season snapshot was successfully completed on July 23, 2024 at 21:00 UTC, and users have begun accumulating points for deBridge Season 2. Eligibility Checker The DBR token allocation eligibility checker is now live. We invite all our valued users to connect their wallets and check the first season allocation on the deBridge Foundation website. Please stay tuned for more information about DBR claiming and we will notify you in a timely manner once the feature is enabled. Loyal deBridge users who interacted with the protocol on 10 different days, as well as the top 10% of JUP stakers in the Jupiter community, will also receive notifications informing them that they are eligible to participate in the DBR launch on LFG (even if they were not a participant in the Season 1 allocation). Click here to check your DBR eligibility. We have also published a public distribution file that reflects all addresses involved, their assigned token amounts, and detailed statistics on the points awarded to users for each type of activity. Anyone can verify the calculation of token balances based on the mechanism described above. If you find any discrepancies, please feel free to contact us. Season 1 Points System DBR Distribution Plan: Top 10% DBR Holders In the first quarter distribution, the top 10% of addresses owned about 76% of all tokens. To ensure consistency among these addresses over the long term, we created a special distribution plan for this group of users: 50% of their DBR will be available at launch, and the remainder will be available 6 months after the TGE (Token Generation Event). These users will see two designated allocation options in the drop-down menu. The remaining 90% of all users will receive 100% of DBR at launch. Please note that this announcement only applies to the release of the Token Distribution Checker; more information on when DBR redemption will begin will be provided when the launch is ready. Typically, all users will be able to claim their DBR within 48 hours of the closure of the LFG Vault, when the tokens start trading on DEX and CEX. With the DeFi internet of liquidity growing rapidly, now is the perfect time to take the next big step toward community ownership. As a community-led project, it is important to ensure all data and calculations are verified - if you believe there are any inconsistencies, please raise questions or concerns. The launch of DBR comes at an opportune time. LFG Vault The LFG Vault is designed to reward the most active deBridge ecosystem participants and the Jupiter community. The LFG launched by DBR through the launch pool will be a very exclusive event, only available to certain addresses active in the deBridge or Jupiter ecosystems. LFG Vault will sell 2% of the total supply of DBR tokens (200,000,000) at a price of $250 million FDV ($0.025 per token), capped at $5 million USDC. All eligible users will have up to 24 hours to deposit USDC into the LFG Vault ($25,000 per wallet capped) to purchase DBR at $0.025. qualifications Special smart contract validation will only allow a specific list of eligible addresses to participate, providing loyal deBridge users and select Jupiter users with the opportunity to participate and support the ecosystem. Each eligible address will be granted a special cryptographic signature that needs to be passed to the smart contract. Active deBridge users who have interacted with the deBridge protocol on at least 10 different days (as of the date of the Season 1 snapshot). There are 28,029 qualifying addresses in total. The top 10% of all JUP stakers are welcome to participate in the launch of LFG. Token Allocation and Vesting DBR tokens earned through the LFG Vault will be distributed in two phases: 50% will be distributed when the tokens are tradable at launch (approximately 48 hours after the Vault is opened), and the other 50% will be distributed six months after launch. 1% of DBR liquidity will be provided to the LFG Vault, and another 1% will be distributed to LFG participants after six months. When the LFG Vault closes, it will hold up to $5 million in USDC, of which $3 million will be paired with 0.5% of the total DBR supply and provided to Meteoras dynamic pool. Meteoras liquidity provision (LP) position and the remaining USDC liquidity (up to $2 million) will be held in the foundations multi-signature wallet. Token claiming and trading of Season 1 credits will begin approximately 48 hours after LFG launches, ensuring equal access to tokens for all. The LFG Vault model will operate on a pro rata basis, meaning tokens will be distributed pro rata and any excess USDC will be returned to participants. If the LFG Vault does not reach its cap, undistributed tokens will be returned to the Foundation. We have designed a fair, liquid, and balanced launch and would like to thank the Jupiter team for their invaluable support throughout the process. For more information, see LFG Vault’s article
deBridge plans to issue governance token DBR on the Solana blockchain within the next month. Allocation will depend on the points users have earned in the past few months, based on the fees they have paid to the protocol and the funds transferred through the protocol since April. DeBridge took a snapshot on July 23 at 21:00 UTC.
According to news on May 24, deBridge, a cross-chain interoperability protocol, tweeted that it now supports Rabby and Trust Wallet wallets.
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