deBridge introduces DBR
Tokenomics info for the deBridge protocol token
Three years ago, deBridge set out to build the bridge that DeFi deserves, with the development and then eventual mainnet launch of the deBridge interoperability protocol in early 2022.
Today, we believe that our vision for a borderless and frictionless DeFi has won over the community’s heart, with deBridge having settled over $2.35 billion in volume from 385,000 unique users with zero security incidents or downtime since launch.
We are not alone on this mission. deBridge is infinitely proud to work and collaborate with DeFi’s boldest and most creative communities including Jupiter, Solflare, Birdeye, Zeta Markets, and more, all of whom share our belief that uninhibited interconnection enables DeFi to thrive.
Together, deBridge has built one of the most active, flourishing, and sustainable ecosystems in DeFi, collecting roughly $100,000 in fees each day. As control is passed over to the DAO, the goal is to make deBridge truly unstoppable and sustainable in the long run, making sure that there is no single party that can dominate or make decisions based on their own interests instead of in favor of the whole DAO.
That's why deBridge has deliberately raised the minimum amount of funding needed to build a sustainable foundation. This enables us to maintain an equal balance between the following stakeholders: core contributors, strategic partners, and the community — all of which pitch in equal amounts to the success of deBridge. The deBridge token distribution has been designed carefully to make sure this balance is maintained for the long-term.
With this foundation in place, it’s now time to move further towards decentralization, handing power over to the community through a thriving governance system. This won’t happen overnight. Just as our product and tech stack has evolved and matured over years, the deBridge governance will gradually take on more and more responsibilities, with the goal of completely taking over decentralized control over the project.
deBridge is thrilled to present DBR, the governance token of the deBridge ecosystem.
Basic Info
Token Distribution
Token Release Schedule
Token Distribution Details
Community & Launch
20% — 2,000,000,000 DBR
The deBridge community represented by our users, developers and projects using our infrastructure is vitally important to the success of deBridge. This part of the token supply consists of several parts:
- Genesis community airdrop: this part is to be distributed to users and projects based on the future snapshot of Season 1 of deBridge points program.
- Launch-related activities (for example, Jupiter’s LFG launchpad in case deBridge is supported by the Jupiter DAO)
- Future distributions that will be performed through the next seasons of points campaigns
The exact percentages for each Community & Launch sub-parts will be announced at a future date after snapshot of Season 1.
1,000,000,000 DBR of the Community & Launch portion (10% of total DBR supply) will be unlocked at TGE and the remainder is subject to 3 year quarterly vesting, starting 6 months after TGE.
Ecosystem
26% — 2,600,000,000 DBR
This part of the token distribution will be custodied by the governance multisig and can be used with the approval of governance voting for ecosystem-level activities and incentives that bring value to the deBridge ecosystem. These include initiatives across developer community growth, community organizations, and more.
300,000,000 DBR of the Ecosystem portion, 3% of total DBR supply, will be unlocked at TGE and the remainder is subject to 3 year quarterly vesting, starting 6 months after TGE.
Core Contributors
20% — 2,000,000,000 DBR
This portion of the token supply is reserved for core contributors, who have worked for years across engineering, infrastructure, business development, security, marketing, and more to get deBridge to where it is today.
No DBR will be unlocked at TGE for the core contributors. 400,000,000 DBR (4% of total DBR supply) of the Core Contributor portion will be unlocked 6 months after TGE and the remainder will be vested quarterly over 3 years.
deBridge Foundation
15% — 1,500,000,000 DBR
This part of the supply goes to the deBridge Foundation treasury. It is to be used for growing the liquidity of DBR throughout the lifecycle of the token, and leading development of the protocol and growth of the ecosystem through various initiatives, such as grants and long term incentives programs.
The deBridge Foundation will be obliged to act in favor of the entire DAO, and its key participants including the core contributors, strategic partners, and the community.
500,000,000 DBR (5% of total DBR supply) will be unlocked at TGE and the remaining (10%) is subject to 3 year quarterly vesting, starting 6 months after TGE.
Strategic Partners
17% — 1,700,000,000 DBR
17% of the total supply of DBR has been set aside for strategic ecosystem participants including angels, founders, and funds who supported deBridge from the early days and helped to bootstrap the protocol before it became economically-sustainable and those who joined us later to enable strategic synergies and support the long-term success and growth of the deBridge ecosystem.
No DBR will be unlocked at TGE for the strategic partners. 340,000,000 DBR (3.4% of total DBR supply) of their stake will be unlocked 6 months after TGE and the remainder will be vested quarterly over 3 years.
Validators
2% — 200,000,000 DBR
Validators play a crucial role in maintaining operational resilience of deBridge cross-chain messaging, and they have performed tremendously with zero downtime incidents since mainnet launch 2+ years ago. This portion is a reward for their contribution, and a long-term incentive to continue their work for the ecosystem. The “deBridge validator” run by the core contributors for R&D purposes is excluded from this distribution.
No DBR will be unlocked at TGE for validators. 40,000,000 DBR (0.4% of total DBR supply) of their stake is unlocked 6 months after TGE and the remainder is vested quarterly over 3 years as long as they continue to demonstrate excellent and reliable performance, without forging or censoring transactions.
Token Utility — Staking and Governance
deBridge token holders will be able to stake their DBR in order to participate in DAO governance voting and participate in decision-making on strategic protocol parameters, such as the election of active validators and the setting of a minimal required consensus threshold, and voting for direct integration of new chains that don’t opt for or fit into the IaaS framework.
deBridge governance will also be in charge of managing the treasury and ecosystem reserves.
After the delegated staking and slashing module is live, DBR can be staked for validators of deBridge messaging to increase their slashable collateral which acts as an insurance against downtime, censorship, and collusion. Strategic partners and core contributors won’t be able to stake locked tokens until they are vested.
Gradually, as the governance framework matures, the deBridge DAO will also take on more and more responsibilities, including governance and upgradability of the smart contracts.
Stay tuned for timelines as DBR moves towards launch.
THIS DOCUMENT IS NOT AN OFFER TO SELL OR A SOLICITATION TO PURCHASE ANY DBR. IT DOES NOT CONSTITUTE AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT, OR ANY FINANCIAL PROMOTION THAT CAN BE INTERPRETED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY. THE CONTENT PROVIDED HERE SHOULD NOT BE RELIED UPON FOR LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE AND IS NOT A SUBSTITUTE FOR CONSULTING WITH A QUALIFIED PROFESSIONAL.
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