deBridge Overview
Bridges traditionally acted as protocols for transferring value by locking assets on the source chain and creating equivalent assets on the destination chain. The deBridge protocol transforms this model by enabling the transfer of generic cross-chain messages. This allows smart contracts across different blockchains to exchange data and execute transactions, paving the way for complex multi-chain applications, arbitrage services and NFT transfers, among others.
deBridge stands out as a cross-chain interoperability framework that facilitates the development of diverse applications like DLN for cross-chain trading, dePort for token bridging and deNFT for NFT transfers. It consists of two main components: on-chain smart contracts for asset management and transaction routing and an off-chain infrastructure operated by elected validators. These validators play a key role in maintaining the protocol's functionality, even during downtimes of supported blockchains, by validating transactions without incurring gas costs.
Transactions are processed through a unique off-chain validation mechanism, where validators sign transactions that are then stored on Arweave, a decentralised data platform. This ensures continuity of operations across blockchains. The protocol also includes mechanisms for delegated staking and slashing to secure its operations, incentivising validators and their delegators through protocol fees.
deBridge extends beyond simple value transfers, enabling a suite of functionalities such as cross-chain interactions including swaps, governance, lending and yield farming, thereby broadening the scope for developing new cross-chain solutions and applications.
The debridge points programme
The deBridge points system is designed to empower the active and committed members of its community by acknowledging both long-standing and new participants. Through this program, individuals can track and accumulate points based on their engagement within the deBridge ecosystem.
Points can be earned in various ways:
- Cross-Chain Transfers: Users receive 100 points for every $1 in fees paid when making cross-chain transactions through deBridge, including its app and partner applications.
- Referrals: A 25% bonus is awarded on points earned by referrals. For example, if a referral earns 100 points, the referrer receives an additional 25 points.
- Integration Rewards: Integrating deBridge's Widget or API grants a 25% bonus on points accumulated by users of the integration.
- Subscription to deBridge IaaS: Initiating a blockchain subscription to deBridge Infrastructure as a Service (IaaS) results in 30 points per $1 of IaaS fees paid.
The program also retroactively rewards early adopters with points for past activity, with future actions also earning more points. This loyalty is segmented into tiers:
Tier 1: Activities from February 17, 2022, to June 15, 2023, receive a 3x multiplier on past actions and a 1.5x on future activities.
Tier 2: Activities from June 16, 2023, to December 31, 2023, earn a 2x multiplier on past and a 1.3x on future activities.
Tier 3: Activities from January 1, 2024, to April 9, 2024, are rewarded with a 1.5x multiplier on past and a 1.1x on future activities.
Tier 4: Those who have never made a transfer get a 1x multiplier on points from today onwards.
Solflare Wallet Users: A 1.1x multiplier applies to deBridge app users utilising the Solflare Wallet.
Past Curve LPs: Liquidity providers to version 1 of deSwap also received 30 points for every dollar of interest earned, with a 1.5x multiplier on future activities.
Points can be tracked by connecting one's wallet to the deBridge app. The first season of the deBridge points program will conclude with the launch of the deBridge token, highlighting the importance of participation before this event. The initiative is supported by partners like Jupiter Exchange, Solflare Wallet, and others, contributing to deBridge's goal of enhancing decentralised finance.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
deBridge Overview
Bridges traditionally acted as protocols for transferring value by locking assets on the source chain and creating equivalent assets on the destination chain. The deBridge protocol transforms this model by enabling the transfer of generic cross-chain messages. This allows smart contracts across different blockchains to exchange data and execute transactions, paving the way for complex multi-chain applications, arbitrage services and NFT transfers, among others.
deBridge stands out as a cross-chain interoperability framework that facilitates the development of diverse applications like DLN for cross-chain trading, dePort for token bridging and deNFT for NFT transfers. It consists of two main components: on-chain smart contracts for asset management and transaction routing and an off-chain infrastructure operated by elected validators. These validators play a key role in maintaining the protocol's functionality, even during downtimes of supported blockchains, by validating transactions without incurring gas costs.
Transactions are processed through a unique off-chain validation mechanism, where validators sign transactions that are then stored on Arweave, a decentralised data platform. This ensures continuity of operations across blockchains. The protocol also includes mechanisms for delegated staking and slashing to secure its operations, incentivising validators and their delegators through protocol fees.
deBridge extends beyond simple value transfers, enabling a suite of functionalities such as cross-chain interactions including swaps, governance, lending and yield farming, thereby broadening the scope for developing new cross-chain solutions and applications.
The debridge points programme
The deBridge points system is designed to empower the active and committed members of its community by acknowledging both long-standing and new participants. Through this program, individuals can track and accumulate points based on their engagement within the deBridge ecosystem.
Points can be earned in various ways:
- Cross-Chain Transfers: Users receive 100 points for every $1 in fees paid when making cross-chain transactions through deBridge, including its app and partner applications.
- Referrals: A 25% bonus is awarded on points earned by referrals. For example, if a referral earns 100 points, the referrer receives an additional 25 points.
- Integration Rewards: Integrating deBridge's Widget or API grants a 25% bonus on points accumulated by users of the integration.
- Subscription to deBridge IaaS: Initiating a blockchain subscription to deBridge Infrastructure as a Service (IaaS) results in 30 points per $1 of IaaS fees paid.
The program also retroactively rewards early adopters with points for past activity, with future actions also earning more points. This loyalty is segmented into tiers:
Tier 1: Activities from February 17, 2022, to June 15, 2023, receive a 3x multiplier on past actions and a 1.5x on future activities.
Tier 2: Activities from June 16, 2023, to December 31, 2023, earn a 2x multiplier on past and a 1.3x on future activities.
Tier 3: Activities from January 1, 2024, to April 9, 2024, are rewarded with a 1.5x multiplier on past and a 1.1x on future activities.
Tier 4: Those who have never made a transfer get a 1x multiplier on points from today onwards.
Solflare Wallet Users: A 1.1x multiplier applies to deBridge app users utilising the Solflare Wallet.
Past Curve LPs: Liquidity providers to version 1 of deSwap also received 30 points for every dollar of interest earned, with a 1.5x multiplier on future activities.
Points can be tracked by connecting one's wallet to the deBridge app. The first season of the deBridge points program will conclude with the launch of the deBridge token, highlighting the importance of participation before this event. The initiative is supported by partners like Jupiter Exchange, Solflare Wallet, and others, contributing to deBridge's goal of enhancing decentralised finance.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
deBridge Overview
Bridges traditionally acted as protocols for transferring value by locking assets on the source chain and creating equivalent assets on the destination chain. The deBridge protocol transforms this model by enabling the transfer of generic cross-chain messages. This allows smart contracts across different blockchains to exchange data and execute transactions, paving the way for complex multi-chain applications, arbitrage services and NFT transfers, among others.
deBridge stands out as a cross-chain interoperability framework that facilitates the development of diverse applications like DLN for cross-chain trading, dePort for token bridging and deNFT for NFT transfers. It consists of two main components: on-chain smart contracts for asset management and transaction routing and an off-chain infrastructure operated by elected validators. These validators play a key role in maintaining the protocol's functionality, even during downtimes of supported blockchains, by validating transactions without incurring gas costs.
Transactions are processed through a unique off-chain validation mechanism, where validators sign transactions that are then stored on Arweave, a decentralised data platform. This ensures continuity of operations across blockchains. The protocol also includes mechanisms for delegated staking and slashing to secure its operations, incentivising validators and their delegators through protocol fees.
deBridge extends beyond simple value transfers, enabling a suite of functionalities such as cross-chain interactions including swaps, governance, lending and yield farming, thereby broadening the scope for developing new cross-chain solutions and applications.
The debridge points programme
The deBridge points system is designed to empower the active and committed members of its community by acknowledging both long-standing and new participants. Through this program, individuals can track and accumulate points based on their engagement within the deBridge ecosystem.
Points can be earned in various ways:
- Cross-Chain Transfers: Users receive 100 points for every $1 in fees paid when making cross-chain transactions through deBridge, including its app and partner applications.
- Referrals: A 25% bonus is awarded on points earned by referrals. For example, if a referral earns 100 points, the referrer receives an additional 25 points.
- Integration Rewards: Integrating deBridge's Widget or API grants a 25% bonus on points accumulated by users of the integration.
- Subscription to deBridge IaaS: Initiating a blockchain subscription to deBridge Infrastructure as a Service (IaaS) results in 30 points per $1 of IaaS fees paid.
The program also retroactively rewards early adopters with points for past activity, with future actions also earning more points. This loyalty is segmented into tiers:
Tier 1: Activities from February 17, 2022, to June 15, 2023, receive a 3x multiplier on past actions and a 1.5x on future activities.
Tier 2: Activities from June 16, 2023, to December 31, 2023, earn a 2x multiplier on past and a 1.3x on future activities.
Tier 3: Activities from January 1, 2024, to April 9, 2024, are rewarded with a 1.5x multiplier on past and a 1.1x on future activities.
Tier 4: Those who have never made a transfer get a 1x multiplier on points from today onwards.
Solflare Wallet Users: A 1.1x multiplier applies to deBridge app users utilising the Solflare Wallet.
Past Curve LPs: Liquidity providers to version 1 of deSwap also received 30 points for every dollar of interest earned, with a 1.5x multiplier on future activities.
Points can be tracked by connecting one's wallet to the deBridge app. The first season of the deBridge points program will conclude with the launch of the deBridge token, highlighting the importance of participation before this event. The initiative is supported by partners like Jupiter Exchange, Solflare Wallet, and others, contributing to deBridge's goal of enhancing decentralised finance.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
