deBridge

About

deBridge is a well-known cross-chain interoperability standard developed for the rapidly increasing Web3 and DeFi ecosystems. The platform's unique non-custodial layer that connects all blockchain networks enables users, developers, and corporations to move assets, swap tokens across various blockchains, and execute smart contracts. The protocol seeks to enhance liquidity across chains, abstract blockchains, facilitate transactions without gas costs, and offer live interoperability among blockchains. The platform deBridge is designed to make decentralized finance more efficient and accessible by seamlessly integrating multiple blockchain ecosystems. Key Features of deBridge: • Uses a zero-TVL architecture, which eliminates the need to lock liquidity • Supports secure data transport and smart contract communication across several blockchain networks. • Creates a uniform infrastructure layer for liquidity, messaging, and cross-chain capabilities. • Provides rapid settlement times and extensive liquidity for institutional-level trading activities. • Connects EVM-compatible blockchains to Solana for smooth and efficient cross-chain operations. deBridge Milestones: Year Key Achievements 2021 Hackathon Victory: Won the Chainlink Global Hackathon out of 140+ contestants. Funding: ParaFi Capital provided startup funding of $5.5 million. 2022 Mainnet was officially launched in February, and it operates on the Ethereum, Polygon, BSC, Arbitrum, and Avalanche networks. Security: The focus has shifted to infrastructure security and the enhancement of the cross-chain communications protocol. 2023 IaaS Service: Launched interoperability-as-a-service that connects EVM & non-EVM blockchains instantly. dePort: Launched its asset-bridging tool that allows projects to issue utility tokens on different chains. 2024 DLN Service Launch: Officially launched deBridge Liquidity Network (DLN) with its 0-slippage and limit-order-style bridging services. Rewards Program: Initiated the points-based rewards program for user activities across deBridge services. TGE: Tokenized Governance ($DBR) token launch on the Solana network in October 2024. 2024 Integration With RWA Protocols: Added integration with RWA protocols for cross-chain settlement purposes. Governance: Shifted towards the model of a decentralized autonomous organization (DAO) governed by the $DBR token.

Funding

• Seed Roundparafi capital55,00,00001 Sept 2021

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