Announcing deBridge

We’re genuinely thrilled to introduce deBridge and a new era of cross-chain interoperability. The ecosystem has drastically evolved from a few years ago and we now see more prominent blockchains appear including L1s, L2s, and sidechains. This has opened up various opportunities to enter the space as blockchains have been focusing on different areas like scalability, costs, usability, and security.

Today, all blockchains are facing the same problems regarding interoperability as they are not talking to each other. There’s also liquidity fragmentation, no clear unified solution, and struggles with bad user experience due to centralized bridges.

This is where deBridge comes in to offer the necessary infrastructure that’s currently needed in the ecosystem. deBridge is a cross-chain interoperability and liquidity transfer protocol that will enable truly decentralized frameworks resulting in reliable and secure cross-chain features that haven’t been available in the past. From the mainnet launch, deBridge will support Ethereum, Polygon, Binance Smart Chain, HECO, and Arbitrum, with the goal to connect to other valuable chains in the near future.

Protocol Overview

deBridge utilizes a locking and minting approach where the native token is locked/unlocked in deBridge smart contract in the native chain and wrapped asset (deAsset) is minted/burnt in secondary chains where deAssets are 1:1 backed by collateral in the native chain. The protocol allows users or smart contracts to transfer not only assets, but also any arbitrary information or transaction data, that will be executed in the target chain by keepers for a small fee.

deBridge smart contracts treat transactions only as valid if a minimum number of confirmations from validators is achieved. Each validator operates a Chainlink oracle node that performs cross-chain relaying of data between deBridge smart contracts in different chains. Together, validators form a decentralized oracle network (DON) designated to solve the current problem of cross-chain interoperability.

Protocol Features

Blockchain-agnostic

• deBridge is fully blockchain and technology-agnostic and will facilitate interoperability and liquidity transfers between any existing blockchains and smart contracts. Adding support to the new chains is a seamless process that doesn’t influence or pause the current operations of the protocol.

Universal hooking service for other protocols

• deBridge is an infrastructure platform and a hooking service that allows any existing protocol to instantly scale up to any other chains — L1s, L2s, and sidechains — as well as to interconnect protocol components in different ecosystems. The protocol allows bridging any arbitrary data that will facilitate projects and developers to integrate with or build applications using deBridge. This includes swaps and transfer of assets, NFTs, oracle data, cross-chain governance voting, and areas that we’re yet to explore.

Fast and decentralized by design

• The consensus among validators is achieved on the smart contract level which guarantees fast and asynchronous execution of all cross-chain transactions that pass through the protocol. It grants high throughout and guarantees fast execution of the cross-chain transactions. Slashing and delegated staking mechanics act as a backbone for protocol security and make all validators financially responsible for fault-tolerance relaying of cross-chain transactions. Users no longer need to bear the risk of funds being stuck as any delays will put validators’ collateral under the risk of slashing.

The unified standard for cross-chain transfers

• There’s no longer a need to look for a specific bridge for each blockchain. The deBridge protocol is a unified standard where users specify the original and destination chains in a single UI.

Build on deBridge

We’re excited to bring cross-chain interoperability infrastructure and tools to enable developers and individuals to build new cross-chain protocols and applications. Our documentation will be updated soon and more tools and frameworks will be added moving forward. We can’t wait to see what projects and developers will build.

We’re building a cross-chain interoperability ecosystem with blockchains, protocols, applications, projects, and individuals, and we want you to be a part of it. Cross-chain is still in its infancy and has so many exciting features and functionalities including bridging of assets, swaps, composability of smart contracts, NFTs, and much more. The opportunities are truly endless.

Moving forward

deBridge has just started and we’re truly looking forward to what’s coming next. Join our various communities today on Twitter, Telegram, Medium, Discord, and our Website, to stay updated on the latest progress, get developer support, and communicate with other people in the community. We’re excited about the journey moving forward and to have you with us.

About deBridge

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by a network of independent oracles/validators elected by deBridge governance. deBridge protocol is an infrastructure platform and hooking service which aims to become a standard for:

• Cross-chain composability of smart contracts
• Cross-chain swaps
• Bridging of any arbitrary asset and data
• Bridging of NFTs

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