1/ Introducing the deBridge Foundation and the DBR Checker
2/ The deBridge Foundation will play a vital role in fostering growth and development for DeFi's internet of liquidity
With governance established, the deBridge Foundation commits to serving the entire DAO and its core members, while DBR holders will steer the protocol's future
With governance established, the deBridge Foundation commits to serving the entire DAO and its core members, while DBR holders will steer the protocol's future
3/ As its first initiative, the Foundation has introduced the DBR checker, giving community members an early look at DBR tokens generated from Season 1 deBridge Points activity
A quick recap on DBR's tokenomics
A quick recap on DBR's tokenomics
4/ Introducing DBR
Total supply: 10 billion
Initial circ supply: 1.8 billion
Standard: SPL on @Solana
Liquid at launch: 10% for Community & Launch, 5% deBridge Foundation, and 3% Ecosystem
The remaining 82% vests quarterly over 3 years, starting 6 months post-TGE
Total supply: 10 billion
Initial circ supply: 1.8 billion
Standard: SPL on @Solana
Liquid at launch: 10% for Community & Launch, 5% deBridge Foundation, and 3% Ecosystem
The remaining 82% vests quarterly over 3 years, starting 6 months post-TGE
5/ Breaking down the 10% for Community & Launch that becomes liquid at TGE:
- LFG Vault: 2%
- Jupiter DAO LFG Award: 1%
- Meteora Dynamic Pool: 1%
- Season 1 Points Distribution: 6%
- LFG Vault: 2%
- Jupiter DAO LFG Award: 1%
- Meteora Dynamic Pool: 1%
- Season 1 Points Distribution: 6%
6/ Understanding Community & Launch
The LFG Vault, DAO Award, and Meteora Pool portions are needed to bootstrap onchain liquidity in a fair way.
For more information on how this will work, see here:
jupresear.ch/t/everything-y…
The LFG Vault, DAO Award, and Meteora Pool portions are needed to bootstrap onchain liquidity in a fair way.
For more information on how this will work, see here:
jupresear.ch/t/everything-y…
7/ The rest of the Community & Launch unlocked at TGE is being distributed to Season 1 Points holders
On July 23, we took a snapshot of 491,416 participants. All wallets qualify for Season 1 token distribution, excluding wallets marked as compromised by their owners
On July 23, we took a snapshot of 491,416 participants. All wallets qualify for Season 1 token distribution, excluding wallets marked as compromised by their owners
8/ Distribution of Season 1 Points as DBR
The 6% genesis drop has been distributed proportionally amongst all Season 1 Points holders in two tiers:
1. The top 10% (by balance) get 50% of DBR at launch, the rest after 6 months
2. All remaining users get 100% of DBR at launch
The 6% genesis drop has been distributed proportionally amongst all Season 1 Points holders in two tiers:
1. The top 10% (by balance) get 50% of DBR at launch, the rest after 6 months
2. All remaining users get 100% of DBR at launch
9/ Important Note
Claiming is not live for DBR. More details on timing will be shared soon.
In general, claiming will open once DBR becomes tradable on DEXes and CEXes, 48 hours after the Alpha LFG vault closes
Claiming is not live for DBR. More details on timing will be shared soon.
In general, claiming will open once DBR becomes tradable on DEXes and CEXes, 48 hours after the Alpha LFG vault closes
10/ The DBR token distribution eligibility checker is now live ⚡
We invite all of our community to check their future DBR claim eligibility.
debridge.foundation
We invite all of our community to check their future DBR claim eligibility.
debridge.foundation
11/ To learn more about the deBridge Foundation, DBR, and more, all information can be found in our blog👇
debridge.foundation/blog/introduci…
debridge.foundation/blog/introduci…
12/ This is the last post in this thread.
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