Hey Jupumut,
The main utility of the deBridge future token is participation in governance. That incorporates:
Of the LFG launchpad proposals so far, deBridge looks to be the fastest growing and most economically sustainable.
I know space monkey is a prolific user of deBridge as well in his mm’ing.
Hey Perry_Hope, we appreciate that! Thanks for the questions.
For us, the main goals over the last 3 years have been to build the most reliable foundation for cross-chain infrastructure, which I believe we managed to achieve by building a great product. As of now, deBridge is likely the only cross-chain solution that is scalable, secure, and capital-efficient.
You may say, it’s not always the strongest product that wins, but we believe that having the strongest product AND the strongest community, well that is one hell of a recipe for success, and that’s why the next stage of growth will be — providing the best product, building the best community, and creating a DAO that will govern it, and that’s the areas where we’d like to explore collaborating with Jup.
We think that deBridge is now the only cross-chain solution that has a chance to establish a truly decentralized DAO without an outsized dominance from venture funds. Our team’s vision is to build an unstoppable infrastructure where in the long run our loyal users and integration partners have more weight in governance decisions than venture funds.
The next midterm goal will be to trigger a few important network effects through ongoing integrations, scaling up our IaaS initiative, and growing an additional 10x+ in activity, while long-term making deBridge to become a global liquidity engine (settlement layer) for cross-chain spot trading where any trade can be settled ~instantly with the best possible rates through our order book of cross-chain intents. We’re pumped to explore how we can achieve this while working and growing with Jup 
We will post more about how we can work on this together. Stay tuned!
Profit or revenue? Asking because right after that it says “$1M accumulated revenue”.
It sounds like deBridge is a mature and profitable protocol. Is there a need for a token?
Sounds amazing. Lets Goooooo
Based on the information provided, deBridge appears to be a strong candidate for the LFG platform. Its focus on user experience, profitability, and integration with other popular platforms, combined with its growth metrics and token utility, make it an attractive option for the launchpad.
For deBridge Profits = Revenue thanks to 0-TVL design where protocol doesn’t bear any costs on liquidity and incentives.
“Is there a need for a token?”
You probably ask this question because you have come across different protocols monetizing by simply issuing a token without establishing a product-market fit.
We’re taking a different approach. We believe a token should only be introduced once the protocol has started to attain a product-market fit and is generating profits.
The token then serves as a means to fortify its resilience, decentralize governance, and propel adoption and profitability to new heights. As I posted here earlier — the goal is to launch network effects and make deBridge to become a global liquidity engine for cross-chain spot trading, which we believe is achievable if we work on that together as a community that governs the infrastructure.
How does debridge view & position itself amongst competition? Seems like there are several bridging options out there (allbridge, mayan, wormhole, debridge, stargate etc)
Does deBridge really need governance, and decentralized governance at that? Seems like most decisions would be highly technical and not be suitable for the average retail user to vote on.
Glad you will be launching on LFG. I think your product is high quality and would be a success. I wish we got more details about tokenomics and TGE.
Would like to see a direct bridge from BTC to Solana. Tokenomics and governance systems need to be fleshed out.
The deBridge points campaign will be launched in the coming weeks with Season 1 being live for a few months culminating in the TGE event.
Points is a terrible way to distribute tokens for a bridge. Real users bridge occasionally. If you introduce points, they will be just farmed my multi-accers and scripters by making senseless back and forth transactions. And they are the last people you want to distribute to.
Make it retroactive or, since you want to use LFG, distribute to JUP holders or make a Binance-style launchpool. This way you distribute to people why actually care about being a part of DAOs, since the rest already sold their JUP.
This is a no brainer to me, anything I would add has already been said. Might get buried in the hype because of Wormhole, but is the surest play for a successful launch I think.
Further to DAO governance, I recall you mentioned in your proposal historical experience with Binance. Would not an additional utility for any DeBridge token utilize some aspects of BNB coin, e.g. reducing fee rates, being deflationary in nature over time (token burns) and so on. This would be a ‘grab’ headline for potential users of your token that may be less interested in engaging with Governance issues (as well as providing an additional incentive for those that are). Just putting the thought out there.
The point system is more for marketing purposes and is an easier way to get attention. Alternatively, it’s possible to create a multi-snapshot system to have a more balanced approach to analyzing active users for a more optimal distribution.
It all depends on how things are implemented, as we saw with Starknet and some other airdrops — there is no perfect criteria and there are always ways to game the distribution and make the whole process a mess.
If designed well, a points mechanism is a very powerful distribution channel that allows anyone to join future governance.
In our case, the criteria for joining the deBridge future DAO is simple and streamlined for everyone: those who integrate or use the infrastructure (hence pay protocol fees) will get points accounted for (including retroactively, for past activity) and become a DAO participant. Since 100% of the fees go to the treasury, that gives the future DAO a revenue-generating protocol to govern over as well as a decent treasury accumulated ($1.07M as we speak). At the same time, this approach filters out bot/hunter networks and makes sure there’s no way to game the distribution as there is a natural monetary filter, so users don’t need to be worried about getting diluted by airdrop hunters.
A Bitcoin ↔ Solana custody bridge for BTC fits really well into deBridge’s current design and I think this can be one of the first things that the DAO decides to implement collaboratively.
At deBridge, we’re building high-performance cross-chain infrastructure for DeFi.
We believe that the experience of moving value cross-chain should feel as fast, smooth, and efficient as trading on a CEX. Any bridge using liquidity pools — which includes all the competitors you mentioned — cannot meet the standard of performance needed to make this happen and fall short on the levels of speed, security, capital-efficiency, and UX.
Instead of trying to simply build a better version of a classical bridge, we opted to innovate and create something fundamentally more scalable and powerful — our vision of cross-chain is being able to move anything between any chains, natively, efficiently, and virtually instantly.
If our competitors are trying to build generic/all-round solutions to be used across a fairly broad range of usage cases, our goal is to accelerate the growth of DeFi by delivering the fastest, most scalable solution for cross-chain value exchange.
Decentralized governance makes the infrastructure unstoppable. Please see my other comments here on what governance is needed for.
We pioneered DLN, a cross-chain intents model based on a 0-TVL, just-in-time liquidity design. Instead of using pools, we have a network of private market makers (Takers) who fulfill trades with the liquidity they have on their balance sheet (wallets). In the near future, any users and protocols will be able to settle trades of each other through the global order book of cross-chain intents, which will trigger important network effects and help deBridge become a global liquidity engine for cross-chain spot trading.
You can read more details on DLN’s design here: https://docs.dln.trade/
The token will be the governance token for the deBridge DAO. It will be used to vote on protocol parameters and govern the deBridge DAO treasury.
The mission of the deBridge DAO is to enable high-performance cross-chain interoperability where liquidity and information flow seamlessly between any chains. The DAO responsibilities include:
Together, the token and community are very powerful distribution channels. It’s one thing to have a BD team, and another to have a strong community that stands behind the project and owns it by having a share in governance. This is powerful, as all the projects and apps integrating with deBridge infrastructure, as well as their users, will start getting exposure to its token by simply using the infrastructure. That unifies everyone under the joint mission.
If you’re launching your own EVM/SVM chain — integrate through deBridge IaaS and join the DAO. Or a wallet or Dapp — integrates DLN API for high-performance cross-chain trading and automatically joins the DAO.
The goal of all of us as a DAO is to provide best-in-class tech that everyone is happy to use. That will trigger network effects and help to capitalize and grow together as an ecosystem.