Key Points:
Read more: Lazarus Group Tried To Hack The deBridge Finance Network
The distribution of the deBridge governance token will be based on activity levels of users in the past few months, considering the money that was paid for fees and transferred via the protocol since April. A snapshot for token allocation has been taken on 23 July at 21:00 UTC.
DeBridge is an interoperable cross-chain protocol combining an AMM DEX with a bridge aggregator for the seamless and limitless transfer of assets and information across several chains—right from tokens to NFTs.
In April 2021, the deBridge project was launched in the worldwide Chainlink Hackathon, with the desire to solve urgent problems of transferring assets and data between blockchains by creating blockchains. standards in asset conversion. deBridge then won the Grand Prize, placing first among more than 140 participating teams.
The new deBridge governance token will further allow users to have a say in the future of deBridge and, in turn, provide an easy way for cross-chain transactions.
This means voting rights for protocol developments and strategies will be bestowed on DBR holders. Preliminary plans are set for staking features, which would mean users can get rewards by simply locking up their deBridge governance tokens.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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