I said with no allocation you make no money - this is a fact. Facts = negativity?
The deBrdige team is completely against giving us an allocation above the bare minimum (0.75%) even though JUP has done more than 20% of the their total volume. We’re going to have teams and investors (VCs) dumping on us when the token launches while we baghold for 3 months while our tokens unlock (check previous launches i.e. SHARKY). What part of this is hard to understand? Why is this seen as negativity?
No worries bro. Just a couple of points (important ones though), Debridge has protocol has $2.3 billion in volume (thus far) and $0 in TVL and due to their innovative design (as Alex from Debridge pointed out in the AMA) they can easily expand their chains, e.g. just yesterday they easily incorporated Gnosis chain. These guys don’t really need the Jupiter lfg to expand, but they are loyal to Jupiter as they’ve partnered with them since the early days. This is a gold doubloon token, that will literally explode in value. It is a natural synergy to enter the lfg at this point, but they can explode further without it. Ergo, the 0.75% is very reasonable and I highly recommend you vote and participate (and Hodl) this token (NFA). Their design results in leaving other bridges in its dust, due to its speed and efficiency, plus they can expand (again, due to their innovative design) to practically all and every other chain. Good luck bro, join in and hodl.
Hey Andrew! Thanks for taking the time to look into what we’re doing!
With deBridge all bridging happens via our liquidity network, which you can think about as a peer-to-peer decentralized cross-chain exchange. When you initiate a bridge you are saying to the network I have $1000 USDC on Ethereum and will accept $999 of SOL (for example) on Solana from whoever can send it to me the fastest.
This avoids slippage, MEV, and is extremely fast compared to competitors. Takers (private market makers) are rewarded by a 4bps spread baked into transfers. You can also swap from anything to anything on deBridge, as long as the token is liquid.
This design also avoids wrapped assets and all transfers happen natively. It also enables dynamic pricing for risk, so if there’s an event in some chain ecosystem that means people want to leave, private market makers can still settle orders for a premium (whereas liquidity pool-based bridges cannot function).
deBridge users and solvers received 4.6M of JUP tokens in Jupiter’s airdrop because of the integration: x.com
deBridge is generating decent volumes on Jupiter every day, as all non-USDC cross-chain transfers are routed through Jupiter, not counting cross-chain trades
The day the JUP token was launched, deBridge processed the biggest volume into Solana helping people to acquire JUP at LFG, while none of the exchanges were processing SOL withdrawals. We also did some preparing to let users set cross-chain limit orders into JUP in advance: x.com
Jupiter DAO and the community have played a big part in our growth, and this all is measured through deBridge points which are accounted to all — Jupiter DAO and all users who used the protocol: deBridge Finance
Why deBridge is the Best Choice for Fee Optimization in the J.U.P. Ecosystem
As we approach Round #3 of the LFG Voting, it’s crucial to evaluate the candidates based on how they can enhance our ecosystem, particularly in terms of fee efficiency. Among the three candidates—Divvy Bet, deBridge, and ExchangeArt—deBridge stands out as the optimal choice for several reasons.
1. Competitive and Transparent Fee Structure
deBridge offers a highly competitive fee structure that ensures minimal costs for users while maintaining transparency. This is essential for the J.U.P. ecosystem, where managing and reducing transaction fees can significantly enhance user experience and attract more participants.
2. Scalability and Cost Efficiency
The architecture of deBridge is designed to handle high volumes of transactions without compromising on speed or cost. This scalability ensures that as our ecosystem grows, we can maintain low fees, which is vital for long-term sustainability and user retention.
3. Interoperability and Cross-Chain Solutions
deBridge excels in providing seamless cross-chain transactions, which can reduce the complexity and costs associated with moving assets across different blockchains. By integrating deBridge, we can facilitate smoother and more cost-effective interactions within the J.U.P. ecosystem, making it more attractive for developers and users alike.
4. Advanced Fee Optimization Techniques
deBridge employs advanced techniques such as multi-path routing and liquidity aggregation, which optimize transaction paths and reduce overall fees. This technical advantage ensures that our ecosystem remains efficient and competitive in the rapidly evolving Web3 space.
5. Proven Track RecorD and Community Support
The deBridge team has demonstrated a strong commitment to innovation and user-centric development. Their active engagement with the community, as seen through their participation in AMAs and other interactive sessions, reflects their dedication to addressing user needs and continuously improving their platform.
Hey Alex, thank you for the reply. The made up pie chart data is accurate and valid. All your points are related to how you grew the pie with JUP rather than the 0.75% minimum supply allocation to 250k JUP voters which is what I am arguing. Happy to discuss about you growing JUP.
Regarding your DLN, how much total volume have you routed through JUP and how many months did it take to do this volume?
How much volume is deBridge generating daily for JUP on average?
Currently, you’re listed under the “bridge” section where users can compare rates between other bridges and then click a link to use a third party app.
I’d like to see deBridge seamlessly integrated into the “swap” section, eliminating the need to switch to the “bridge” section or launch the deBridge app. DeBridge could be the default bridge within our “swap” interface, while more advanced users could still access the comparator.
Allowing users to perform both swapping and bridging transactions within a single unified interface would simplify the process and enhance UX.
It’s a really nice idea, appreciate you sharing the vision! We’re working with Jupiter closely on a few different initiatives, at the end of the day if the Jupiter community wants it, I’m sure it will happen.
deBridge is a full suite cross-chain interoperability protocol, meaning we have our own cross-chain messaging layer.
In the lifecycle of a bridge transaction, cross-chain messaging is needed to unlock collateral for takers (private market makers that fulfil your transaction on the destination chain). Validators authenticate each cross-chain message that is sent during this final stage of the transaction (it actually happens after users receive their funds on the destination chain).
Validators are elected by governance, in the future there will be a delegated slashing and staking mechanism and as we discussed in our DBR announcement yesterday there will be a staking component for voting:
A few questions:
a) Will there be a reward for staking DBR?
b) Wen staking? Will it be immediately after TGE?
c) Will there be a revenue share for DBR stakers?