deBridge Finance

deBridge is a Web3 protocol that has been designed and developed for cross-chain interoperability. It is also the name of the team and organization behind the development of the protocol. deBridge officially commenced during the Chainlink Global Hackathon, a competition wherein which teams can submit their Web3-related projects to gain funding and mentorship so the project can be developed. The team behind deBridge took first prize out of 140 teams at the hackathon in 2021, which allowed the project to scale and grow. The stated goal of the team building the protocol is to securely unite all blockchains and bring composability to the blockchain ecosystem.

The deBridge protocol had two testnet phases and launched its public mainnet beta in February 2022.This2022. This iteration of deBridge supports Binance Smart Chain, Ethereum, Polygon, HECO, and Arbitrum for cross-chain swaps and interoperability. With deBridge, messages and values can be sent across the aforementioned chains due to a network of independent validators that run a deBridge node to maintain the infrastructure of the protocol. It allows users to partake in actions such as cross-chain swaps and bridging NFTs.

Developers can utilize deBridge to scale their own protocol and launch decentralized applications (dApps). It can be integrated into existing applications, such as Rubric, Frontier, and Curve.

• algorithmic stablecoins
• synthetic assets
• wallets
• decentralized lending
• governance
• NFTs
• launchpads
• indexes
• payments
• staking
• identity

deBridge is a web3Web3 protocol that has been designed and developed for cross-chain interoperability. It is also the name of the team and organization behind the development of the protocol. deBridge officially commenced during the Chainlink Global Hackathon, a competition where teams can submit their web3-relatedWeb3-related projects to gain funding and mentorship so the project can be developed. The team behind deBridge took first prize out of 140 teams at the hackathon in 2021, allowingwhich forallowed the project to scale and grow. The stated goal of the team building the protocol is to securely unite all blockchains and bring composability to the blockchain ecosystem.

deBridge can be used in a variety of contexts including:

deBridge is a web3 protocol that has been designed and developed for cross-chain interoperability. It is also the name of the team and organization behind the development of the protocol. deBridge officially commenced during the Chainlink Global Hackathon, a competition where teams can submit their web3-related projects to gain funding and mentorship so the project can be developed. The team behind deBridge took first prize out of 140 teams at the hackathon in 2021, allowing for the project to scale and grow. The stated goal of the team building the protocol is to securely unite all blockchains and bring composability to the blockchain ecosystem.

deBridge introduction

The deBridge protocol had two testnet phases and launched its public mainnet beta in February 2022.This iteration of deBridge supports Binance Smart Chain, Ethereum, Polygon, HECO, and Arbitrum for cross-chain swaps and interoperability. With deBridge, messages and values can be sent across the aforementioned chains due to a network of independent validators that run a deBridge node to maintain the infrastructure of the protocol. It allows users to partake in actions such as cross-chain swaps and bridging NFTs.

Developers can utilize deBridge to scale their own protocol and launch decentralized applications (dApps). It can be integrated into existing applications such as Rubric, Frontier, and Curve.

deBridge can be used in a variety of contexts including:

• algorithmic stablecoins
• synthetic assets
• wallets
• decentralized exchanges (DEXs)
• decentralized lending
• governance
• NFTs
• launchpads
• indexes
• payments
• staking
• identity

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows decentralized transfer of arbitrary data and assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by a network of independent validators which are elected by deBridge governance.

The protocol enables transfers of assets between various blockchains via locking/unlocking of the asset on the native chain and issuing/burning the wrapped asset (deAsset) on secondary chains or L2s. Cross-chain communication between different blockchains is maintained by elected validators who run the deBridge node to perform validation of cross-chain transactions that pass between smart contracts of the deBridge protocol in different blockchains.

Delegated staking and slashing mechanics act as a backbone for the protocol security and prevent economical incentives for validators to get into collusion.

The deBridge protocol is an infrastructure platform and a hooking service which aims to become a standard for:

– cross-chain interoperability and composability of smart contracts

– cross-chain swaps

– bridging of any arbitrary asset

– interoperability and bridging of NFTs

The protocol will be controlled by a DAO with decentralized governance which allows all token holders to have a word in the future decisions regarding protocol parameters, management of the treasury, and participate in the future growth.

deBridge project commenced during the Chainlink Global Hackathon where the team strived to solve the urgent problem of transferring data and liquidity between blockchains and of the lack of a single decentralized standard for bridging assets. The project was awarded the grand prize and took first place among more than 140 teams worldwide.