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deBridge

Category: Cross Chain Bridge

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Overview

Total XP Rewards

60

Estimated Rewards

$10M

Funding

$5.5M

Current Stage

Season 2

Total value locked

$2.1M

Unique Users

~400,000

Chains

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Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

B

Tasks

0/3

TGE

October-2024

Type

Bridge

Confirmed

Yes

Date

8 months ago

Introduction

  • deBridge is a high-performance and secure interoperability layer for Web3 that enables decentralized transfers of arbitrary messages and value between blockchains.

Tasks

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task-link
task-link

Fundamentals

  • deBridge enables secure and efficient transfer of assets and data across different blockchain networks.
  • deBridge operates as a decentralized protocol, ensuring trustless interactions across chains.
  • Designed to support high throughput and low-latency transactions across chains.
  • Supports multiple blockchain networks and can be integrated with various dApps and services.
  • Efficiently Optimized for minimal transaction fees and quick confirmations.

Potential Rewards

  • The points program is an exciting initiative for stakeholders, partners, integrators, and users to earn points based on the value and fees they provide to the deBridge ecosystem.
  • For cross-chain transactions only, you earn approximately 100 points per $1 spent on fees.
  • Try for higher transaction volumes, targeting $1,000, $10,000, or $100,000+ per transaction.
  • Reach point milestones such as 10k, 25k, 50k, 100k, etc.
  • Increase the number of transactions to 25+, 50+, or 100+.
  • Polygon is generally the most efficient chain for bridging, with Arbitrum likely being the second best option.
  • The most cost-effective route is bridging from Arbitrum to Polygon, which yields approximately 97 points per $1 spent.
  • The primary factor is the destination chain, as gas costs fluctuate and impact efficiency. Typically, gas costs remain consistent regardless of the source chain if the destination chain is the same.
  • Bridging from Solana to Polygon using the Solflare wallet yields around 85 points per $1 spent (including a 1.1x multiplier).
  • Focus on generating more fees.
  • Refer users to earn more points.

deBridge announced the $DBR token and airdrop.

  • Total supply: 10B
  • Initial supply: 1.8B
  • 20% allocated for community & launch, with 10% unlocked at TGE.

Investors

  • ParaFi Capital
  • Animoca Brands
  • IOSG

Audit

  • Halborn
  • Zokyo
  • Ackee Blockchain
  • Neodyme

Features

  • deBridge solves liquidity fragmentation by allowing liquidity to be accessed cross-chain with smart routing.
  • Enables developers to create and deploy custom cross-chain applications.
  • Utilizes a network of oracles for secure and reliable cross-chain messaging.
  • Compatible with Ethereum Virtual Machine (EVM) to support existing dApps.
  • Projects can enable increased capital efficiency and improve UX for staking.
  • deBridge infrastructure is built to support both messaging and asset relay for GameFi.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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