Dubai, UAE, 10th September, 2021,

The collaboration between Graviton and Bonded opens up new opportunities in DeFi for a variety of tokenized projects and allows for the expansive growth of their tokens’ liquidity and utility. 

Graviton is happy to announce the partership with Bonded Finance, a leading platform with smart instruments and decentralised financial products for digital assets. Bonded was created to incubate and deploy experimental, high-yield, smart-contract-driven financial instruments that push the bounds of open finance.

Bonded’s aim is to bridge the gap between established and nascent altcoin projects and provide equal opportunities in DeFi. Bonded allows for newly-emerged but well-capitalized projects with solid volume and price histories to partake in lending/borrowing protocols and uncover their potential in DeFi. Within the Bonded platform, borrowers can provide collateral for hundreds of low-liquidity altcoins and thus increase their utility and, subsequently, capitalization.

For its part, Graviton provides incentivization tools for such projects to stimulate liquidity growth and simplify the entrance into new ecosystems for their communities.

Each such liquidity incentivization program in Graviton called Catalyst is similar to a traditional yield farm, albeit with two significant feature differences: First, the farming periods are limited in time. Users can submit their accrued LP rewards into Catalyst for up to 2 weeks. Second, these farms use a so-called Reflection Farming model: Users receive rewards in GTON, Graviton’s governance token, simply for holding LPs coming from pools containing GTON and any other base token. Therefore, all IDOs on Impossible Finance will be automatically qualified to participate in Graviton Catalyst farming on both EVM and non-EVM chains.

Our partnership aims to jointly increase growth opportunities for new projects and provide easy-to-use tools for increased liquidity in combination. The collaboration will help to build up the diversified growth strategies for hundreds of altcoins. 

Our $BOND token will be qualified for GTON farming on all chains automatically during the beta stage of the Graviton Catalyst programs. At the same time, $GTON will become available as a collateral for stablecoin borrowers on the Bonded platform.

“We believe that DeFi is not limited to Ethereum nor to the top-20 list of the Coinmarketcap. We see a huge untapped potential in the diversity of low-cap projects which haven’t yet managed to unveil their capabilities and strength due to the current market fragmentation and disparity. Together with Bonded, we’ll be able to give a head start to such projects.” said Alex P, Co-Founder of Graviton DAO.

About Bonded.Finance

The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract-driven financial instruments that push the bounds of open finance. Bonded has an institutionally-grade model that aims to unlock, aggregate, and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to leverage assets and realize their value.

Website | Medium | Twitter | Telegram |

About Graviton

Graviton is an approach to boosting multichain liquidity and usability via Relay Token & Reflection Farming. The governance of the project implemented by Graviton-DAO.

$GTON currently exists on Ethereum, Polygon, Fantom, Avalanche, Heco, xDAI, Solana and BSC.

Website | Lightpaper | Blog | Twitter | Github| Forum

Contacts

CMO

• Olga Kosareva
• info@graviton.one

Midtown, Gibraltar, 9th September, 2021,

Panther Protocol, a decentralize d privacy meta-protocol enabling confidential, trusted transactions, and interoperability with DeFi has now joined forces with Sentinel, a powerful protocol that enables the development of third-party and white-label decentralized Virtual Private Network (dVPN) services, interoperably with DeFi and Sentinel. 

A blockchain-based decentralized bandwidth marketplace, Sentinel enables anyone to create a Virtual Private Network and have access to the distributed bandwidth resources where users become both providers and consumers in the network. Users’ web traffic is probably end-to-end encrypted with no company able to access a user’s metadata.

The Panther wallet plans to integrate the Sentinel DVPN token to provide users with end-to-end privacy. Clients and customers will be able to distribute private blockchain solutions built using Panther technologies by providing technical support and guidance in the integration and maintenance process. 

Central Bank Digital Currency (CBDC) pioneer and Panther’s Co-founder, Oliver Gale says: “We know the internet collects data every time people interact online. People were sold a false promise with Virtual Private Networks or VPNs, but in reality, security cannot be guaranteed with vulnerable centralized VPNs.” 

“A single VPN company can be compromised at any time – an issue that Sentinel addresses through decentralized VPNs or dVPNs.”

Srinivas Baride, CTO of Exidio, a development arm that builds tooling on the Sentinel network, “We address the issue of censorship resistance dVPNs and are delighted to combine with Panther to provide privacy for assets moving on these ecosystems. 

We look forward to being able to distribute private solutions built using Panther Technology to our enterprise clients and customers.”

About Sentinel

Sentinel, a decentralized VPN protocol, is built on Cosmos SDK-based architecture. Differing from centralized VPN companies that have been proven to log user data, Sentinel is an open-source, encrypted, peer-to-peer bandwidth marketplace accessible to anyone. Users can connect to any of the provably secure dVPN applications built on the Sentinel network. Individuals can also earn passive income by offering bandwidth to the marketplace.

Marketing/Social Channels

• Website – https://sentinel.co/ 
• Medium – https://medium.com/sentinel 
• Reddit – https://www.reddit.com/r/SENT/ 

About Panther 

Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

Marketing/Social Channels

• Website – https://pantherprotocol.io/ 
• Medium – https://panther-protocol.medium.com/ 
• Twitter – https://twitter.com/ZkPanther 

Contacts

• Gabriella Baer
• gabriella@pantherprotocol.io

Tortola, British Virgin Islands, 9th September, 2021,

Gamified decentralized finance platform DeFi Land has completed its first round of investing valued at $4.1 million. Several dozen investors allocated capital to this project in recent weeks. The concept of gamifying investment action can make DeFi much more appealing and accessible. 

DeFi Land is a multi-chain agriculture simulation web game designed to introduce the mainstream to decentralized finance. More importantly, it gamifies all aspects of traditional DeFi protocols, creating intuitive and educational solutions for those exploring alternative finance solutions. Making decentralized finance more accessible to a global audience is a crucial priority for the DeFi Land team. 

Following the successful first round of investments, the team can look toward the future. The $4.1 million investment round brings forth financial support from over 40 investors, who are well-known and respected names in the crypto and blockchain industry. Participants include, but are not limited to, Animoca Brands, Alameda, Jump Capital, NGC Ventures, Solana Foundation, Gate.io, MXC, Solar Eco Fund, Youbi Capital, et cetera. 

Brian Lee, VC at Alameda stated that: “Defliland is an incredible blend of the two most interesting things happening in crypto right now – gaming and defi. We believe that Defiland can be a real game-changer in getting casual gamers and the crypto retails into defi”.

Such outspoken support from investors confirms the viability of what DeFi Land wants to achieve. Building a solution that aggregates across different protocols is crucial to bring DeFi to a mainstream audience. Moreover, the platform will support non-fungible tokens (NFTs) and introduce a play-to-earn model involving achievements, tasks, battles, and other solutions to earn income. 

When the team adds NFTs, they will provide benefits to the token holders. Every NFT in this ecosystem represents a unique game object, including trees, buildings, tractors, and other farm-related objects. These gamified items introduce new opportunities to borrow or lend money, providing liquidity, reward farming, et cetera. 

The creation of native NFTs is only one aspect of DeFi Land. Existing non-fungible tokens will gain a new “life” through additional utility. Taking the SolananaMonkeyBusiness NFT as an example, it will generate monkeys running around in your DeFi Land game environment. Players can interact with these monkeys, adding an extra layer of interactivity and interoperability. 

One intriguing aspect about DeFi Land is how the overall weather in this game reflects the current market conditions. Players can look forward to sunny days, although there will be bad weather days too. 

Per the roadmap, the team is finalizing DeFi Land integration with Serum and Raydium. A beta version of the platform will go live in q4 of 2021, as well as the NFT marketplace. In addition, more Solana protocols and other blockchains – including Ethereum and Binance Smart Chain – will occur in the coming months.

Furthermore, DeFi Land will focus one education through a dedicated “educational mode”. It is a practice mode for retail users, allowing them to gain better insights as to what they can expect in this gamified environment. Later this year, the overall interface will be enhanced to make onboarding of non-crypto users to DeFi more straightforward and appealing. 

About DeFi Land

DeFi Land is a multi-chain agriculture-simulation web-game created to gamify decentralized finance. Our game will have all the features that traditional platforms have, but it will be gathered all in one place. DeFi Land gamifies decentralized finance by turning investment activities into games.

https://defiland.app/

Contacts

• DFL Erwin
• info@defiland.app

SINGAPORE, Singapore, 9th September, 2021, Chainwire

Gate.io, a leading digital asset exchange, announced that their perpetual contracts have been offering an insurance fund of more than 1,000 BTC; It automatically provides users with through-position compensation, and provides up to 100 times leverage on BTC in addition to leveraging solutions for ETH, EOS, LTC, BCH, BSV and hundreds of other popular digital assets. Users are able to leverage 20-100 times on long and short services; using the global multi-platform comprehensive index price as the closing index, users can rest assured that they’ve chosen the right platform that incorporates stable operations and risk management.

The longest bull run to date in the global cryptocurrency market came to an almost abrupt end in May, having surged for nearly a year. The May 19 market crash pushed the industry to enforce stronger supervision with tighter control on the products being offered to clients. Many crypto exchanges added new restrictions, focusing on lowering the maximum amount of leverage users were able to use on futures contracts and cancelling high leverage products, most choosing to cap products at a 20 times leverage.

Global regulatory pressure, policy changes and other bad news hit one after the other. Although institutions and users alike have grown accustomed to bad news and uncertainty over the years, this time was different. In an effort to get ahead of regulatory and policy changes, deleveraging certain products became the norm for most crypto exchanges. Besides regulatory hurdles, exchanges remain highly competitive and as such Gate.io has come to rely on its contract offerings to bolster its competitive advantage over industry peers.

“Gate.io Perpetual Contracts are financial derivatives specifically for cryptocurrencies. The biggest difference between perpetual contracts and traditional futures is that there is no delivery date, and users can hold positions indefinitely, so it is closer to spot trading. Users only need to pay attention to buying up and buying down, providing greater leverage than traditional futures contracts and supporting forward contracts, dual currency contracts, and reverse contracts, realizing long and short two-way operations. Gate.io currently supports contract trading in BTC and USDT as settlement currencies,” Marie Tatibouet, CMO at Gate.io, said in a statement. 

In order to reduce the transaction costs of users’ contracts, Gate.io has launched a ladder fee structure on contracts, which is intended to significantly reduce the single Taker rate, so that ordinary users can enjoy the lowest transaction fees. For professional market customers, Gate.io has also opened an independent application channel, and market customers can continue to enjoy generous single Maker fee rewards.

Gate.io perpetual contract transaction fees are divided into two directions: Taker: 0.075%; Maker: -0.025%. Users can not only not pay the fee, but also get the fee back as a reward.

Generally speaking, that is, all Maker users can earn fees while also earning revenue. On the other hand, the ladder fee structure is far lower than the fees that competing platforms only offer on high volume trading, and it is one of the more competitive fee structures in the contract market. It allows users to enjoy a high-quality contract service experience of top exchanges at industry low rates.

Zero Share Contract To Provide Insurance Fund

The Gate.io contract uses an insurance fund to ensure the smooth completion of contracts with a strong leveling process. When the loss of the position is greater than the margin, the insurance fund covers the loss of the position. The contract insurance fund comes from the balance funds generated by the forced closing of contracts. When the position is forced to close, the order is placed at the bankruptcy price to make a match in the market. If the actual transaction price is better than the bankruptcy price, the balance generated goes into the insurance fund.

In short, the Gate.io contract provides the user with an insurance fund, automatically provides the user with compensation for the loss of positions, and realizes zero allocation of contract losses.

Contract Function To Ensure Seamless Transactions

The Gate.io USDT perpetual contract hybrid margin borrowing function allows 0% interest on the collateral currency provided. Through this function, users can leverage the BTC in their spot account with 0% interest to borrow up to 100,000 USDT. Users do not need to sell their digital assets or transfer funds to the contract account. The margin will be automatically deducted from the spot account. It should be noted that the hybrid margin borrowing collateral provided cannot be transferred out. Hybrid margin borrowing is the value conversion of collateral to resist the risk of contract liquidation. No actual borrowing occurs, so there is no handling fee.

Gate.io’s perpetual contract supports a two-way position mode, that is, users can hold long and short positions on both sides of the same contract. The switching between one-way and two-way position modes is effective for all contracts settled by the user in one currency at the same time, provided that all contracts settled by the user in this currency have no positions and no pending orders.

The introduction of hybrid margin option, two-way positions and subsequent functions ensures actual benefits to users when trading contracts, while providing transactional security and stability. Compared with other contract products from competing platforms, Gate.io’s contracts have more diverse and innovative functions, reaffirming Gate.io’s commitment to innovation and consistent upgrades to the services it offers.

Millions Of Dollars In Rewards 

Gate.io has set aside millions of dollars in USDTest for eligible users to try out the platform. Users will be able to use these rewards to offset contract and trading fees, losses and other capital expenses. Both new and current users will be able to benefit from these rewards which will be distributed in the form of USDT or BTC. Users can earn these rewards through certain designated activities on the contract trading platform.

Additionally, these rewards will take precedence over the user’s own funds and the profits obtained while executing trades using USDTest. For example: User A has 100 USDTest in his account, holds a BTC/USDT position through contract transactions, which uses 80 USDTest, and does not close the position. After the USDTest expires in 30 days, the unused balance, in this case 20 USDTest in the account will automatically be recovered and burned.

The current Gate.io contract platform features many new upgrades. In order to provide an enhanced trading experience to its users, Gate.io has launched a series of reward programmes for users, these activities will allow users the opportunity to earn a variety of rewards. The ‘Newcomer Tutorial’ will help users improve their skills as traders, users who participate in these activities stand a chance to win massive rewards by joining other contract traders on the platform.

About Gate.io

Gate.io was founded in 2013 and has since grown to become a top 10 global cryptocurrency exchange by trading volume. Security remains the company’s highest priority and it has audit certificates available as proof of reserves. Its main products include spot, margin and contract trading in addition to derivatives, crypto loans, quantitative trading, initial exchange offering (IEO) investments and has a dedicated NFT marketplace.

Gate.io relies on stable technical support and a large array of listed coins and tokens. The more mainstream cryptocurrencies have increased trading volume and thus support contract trading with over 150 cryptocurrencies currently supported. The daily transaction volume of perpetual contracts regularly exceeds $2 billion with a large number of Gate.io users worldwide making use of the service. Because of this, Gate.io has invested a lot of money in security to ensure the safety of user assets used on the platform. The increased popularity of contract trading on Gate.io is just the tip of the iceberg as the platform regularly develops new products to cater for user demand such as the introduction of its dedicated NFT Magic Box marketplace, Startup IEO platform and new Copy Trading platform. Consistent innovation is a priority for Gate.io.

Contacts

Head of Comms

• Diksha Sharma
• Gate.io
• diksha@mail.gate.io

SINGAPORE, Singapore, 9th September, 2021, Chainwire

Gate.io, a leading digital asset exchange, announced that their perpetual contracts have been offering an insurance fund of more than 1,000 BTC; It automatically provides users with through-position compensation, and provides up to 100 times leverage on BTC in addition to leveraging solutions for ETH, EOS, LTC, BCH, BSV and hundreds of other popular digital assets. Users are able to leverage 20-100 times on long and short services; using the global multi-platform comprehensive index price as the closing index, users can rest assured that they’ve chosen the right platform that incorporates stable operations and risk management.

The longest bull run to date in the global cryptocurrency market came to an almost abrupt end in May, having surged for nearly a year. The May 19 market crash pushed the industry to enforce stronger supervision with tighter control on the products being offered to clients. Many crypto exchanges added new restrictions, focusing on lowering the maximum amount of leverage users were able to use on futures contracts and cancelling high leverage products, most choosing to cap products at a 20 times leverage.

Global regulatory pressure, policy changes and other bad news hit one after the other. Although institutions and users alike have grown accustomed to bad news and uncertainty over the years, this time was different. In an effort to get ahead of regulatory and policy changes, deleveraging certain products became the norm for most crypto exchanges. Besides regulatory hurdles, exchanges remain highly competitive and as such Gate.io has come to rely on its contract offerings to bolster its competitive advantage over industry peers.

“Gate.io Perpetual Contracts are financial derivatives specifically for cryptocurrencies. The biggest difference between perpetual contracts and traditional futures is that there is no delivery date, and users can hold positions indefinitely, so it is closer to spot trading. Users only need to pay attention to buying up and buying down, providing greater leverage than traditional futures contracts and supporting forward contracts, dual currency contracts, and reverse contracts, realizing long and short two-way operations. Gate.io currently supports contract trading in BTC and USDT as settlement currencies,” Marie Tatibouet, CMO at Gate.io, said in a statement. 

In order to reduce the transaction costs of users’ contracts, Gate.io has launched a ladder fee structure on contracts, which is intended to significantly reduce the single Taker rate, so that ordinary users can enjoy the lowest transaction fees. For professional market customers, Gate.io has also opened an independent application channel, and market customers can continue to enjoy generous single Maker fee rewards.

Gate.io perpetual contract transaction fees are divided into two directions: Taker: 0.075%; Maker: -0.025%. Users can not only not pay the fee, but also get the fee back as a reward.

Generally speaking, that is, all Maker users can earn fees while also earning revenue. On the other hand, the ladder fee structure is far lower than the fees that competing platforms only offer on high volume trading, and it is one of the more competitive fee structures in the contract market. It allows users to enjoy a high-quality contract service experience of top exchanges at industry low rates.

Zero Share Contract To Provide Insurance Fund

The Gate.io contract uses an insurance fund to ensure the smooth completion of contracts with a strong leveling process. When the loss of the position is greater than the margin, the insurance fund covers the loss of the position. The contract insurance fund comes from the balance funds generated by the forced closing of contracts. When the position is forced to close, the order is placed at the bankruptcy price to make a match in the market. If the actual transaction price is better than the bankruptcy price, the balance generated goes into the insurance fund.

In short, the Gate.io contract provides the user with an insurance fund, automatically provides the user with compensation for the loss of positions, and realizes zero allocation of contract losses.

Contract Function To Ensure Seamless Transactions

The Gate.io USDT perpetual contract hybrid margin borrowing function allows 0% interest on the collateral currency provided. Through this function, users can leverage the BTC in their spot account with 0% interest to borrow up to 100,000 USDT. Users do not need to sell their digital assets or transfer funds to the contract account. The margin will be automatically deducted from the spot account. It should be noted that the hybrid margin borrowing collateral provided cannot be transferred out. Hybrid margin borrowing is the value conversion of collateral to resist the risk of contract liquidation. No actual borrowing occurs, so there is no handling fee.

Gate.io’s perpetual contract supports a two-way position mode, that is, users can hold long and short positions on both sides of the same contract. The switching between one-way and two-way position modes is effective for all contracts settled by the user in one currency at the same time, provided that all contracts settled by the user in this currency have no positions and no pending orders.

The introduction of hybrid margin option, two-way positions and subsequent functions ensures actual benefits to users when trading contracts, while providing transactional security and stability. Compared with other contract products from competing platforms, Gate.io’s contracts have more diverse and innovative functions, reaffirming Gate.io’s commitment to innovation and consistent upgrades to the services it offers.

Millions Of Dollars In Rewards 

Gate.io has set aside millions of dollars in USDTest for eligible users to try out the platform. Users will be able to use these rewards to offset contract and trading fees, losses and other capital expenses. Both new and current users will be able to benefit from these rewards which will be distributed in the form of USDT or BTC. Users can earn these rewards through certain designated activities on the contract trading platform.

Additionally, these rewards will take precedence over the user’s own funds and the profits obtained while executing trades using USDTest. For example: User A has 100 USDTest in his account, holds a BTC/USDT position through contract transactions, which uses 80 USDTest, and does not close the position. After the USDTest expires in 30 days, the unused balance, in this case 20 USDTest in the account will automatically be recovered and burned.

The current Gate.io contract platform features many new upgrades. In order to provide an enhanced trading experience to its users, Gate.io has launched a series of reward programmes for users, these activities will allow users the opportunity to earn a variety of rewards. The ‘Newcomer Tutorial’ will help users improve their skills as traders, users who participate in these activities stand a chance to win massive rewards by joining other contract traders on the platform.

About Gate.io

Gate.io was founded in 2013 and has since grown to become a top 10 global cryptocurrency exchange by trading volume. Security remains the company’s highest priority and it has audit certificates available as proof of reserves. Its main products include spot, margin and contract trading in addition to derivatives, crypto loans, quantitative trading, initial exchange offering (IEO) investments and has a dedicated NFT marketplace.

Gate.io relies on stable technical support and a large array of listed coins and tokens. The more mainstream cryptocurrencies have increased trading volume and thus support contract trading with over 150 cryptocurrencies currently supported. The daily transaction volume of perpetual contracts regularly exceeds $2 billion with a large number of Gate.io users worldwide making use of the service. Because of this, Gate.io has invested a lot of money in security to ensure the safety of user assets used on the platform. The increased popularity of contract trading on Gate.io is just the tip of the iceberg as the platform regularly develops new products to cater for user demand such as the introduction of its dedicated NFT Magic Box marketplace, Startup IEO platform and new Copy Trading platform. Consistent innovation is a priority for Gate.io.

Contacts

Head of Comms

• Diksha Sharma
• Gate.io
• diksha@mail.gate.io

SAN FRANCISCO, USA, 7th September, 2021,

Campaign aimed at highlighting the benefits of faster download speeds through a tokenized p2p protocol 

– BitTorrent, a leader in peer-to-peer protocols and products, today announced the Golden Wallet Sweepstakes. From now through October 11th, four lucky winners will receive 1M BTT, and one grand prize winner will receive 10M BTT.

Eligible participants can enter by downloading the free or Pro version of any BitTorrent or µTorrent client that contains a BitTorrent Speed wallet, then activating the Golden Wallet Sweepstakes following the steps outlined when launching BitTorrent Speed for the first time. In addition to entering the Sweepstakes, participants who activate the Speed wallet can begin to enjoy faster download speeds while receiving rewards in BitTorrent (BTT) tokens. 

“Millions of users throughout the world have discovered the benefits of a tokenized BitTorrent protocol through the use of BTT,” said Justin Sun, founder of TRON. “By launching the Golden Wallet Sweepstakes, we hope to drive additional awareness about an important BTT use case, which helps drive faster download speeds and a more healthy BitTorrent ecosystem overall.”

More details about the Golden Wallet Sweepstakes can be found here, while eligible Sweepstakes torrent clients can be downloaded here: µTorrent Classic, µTorrent Web, BitTorrent Classic, BitTorrent Web.  

The Golden Wallet Sweepstakes begins on September 7, 2021, at 4:00 PM PT and ends on October 11, 2021, at 4:00 PM PT. There is no entry fee or purchase obligation to be eligible to win. Participants can also enter by email. Void where prohibited, please visit the official rules page for more information.

About TRON and BitTorrent

Founded in 2004, BitTorrent is one of the largest decentralized peer-to-peer networks in the world, with almost 100 million active users driving 22% of upstream and 3% of downstream traffic globally.

TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON ecosystem has gained incredible traction in recent years, with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition, TRON boasts the largest circulating supply of stable coins across the globe, overtaking USDT on Ethereum in April 2021. 

Contacts

• Anjali George
• Tron
• anjali@tron.network

Panama City, Panama, 7th September, 2021,

deBridge, a cross-chain interoperability and liquidity transfer protocol, is delighted to announce the closing of a $5.5 million funding round to bring the new era of cross-chain interoperability.

deBridge is thankful to have the support and backing from great partners including lead strategic partner ParaFi. The round also saw participation from Animoca Brands, Huobi Ventures, Lemniscap, Crypto.com Capital, MGNR, IOSG, Fundamental Labs, bitScale, DFG, Chorus, SkyVision Capital, The LAO, GSR, AngelDAO, NeptuneDAO, D64, Axia8 Ventures, Mounir Benchemled, Gabby Dizon, Santiago R. Santos, and others. 

deBridge was started as the team experienced problems with cross-chain interoperability and swaps themselves, and there was no unified and convenient solution. The project commenced during the Chainlink Spring 2021 Hackathon, where the team took the grand prize among more than 140 talented teams worldwide.

“The raised capital will help build infrastructure and decentralized services that allow any protocol to expand to any blockchain networks to achieve greater scalability, while seamlessly interconnecting protocol components in different ecosystems”, according to co-founder and project lead Alex Smirnov. 

The first step will be the mainnet launch later this year which will support Ethereum, BSC, HECO, Polygon, and Arbitrum. The first phase of the protocol will enable projects and users to perform cross-chain swaps and bridging and to start integrating with or build on top of deBridge. 

“As DeFi becomes a multi-chain phenomenon, decentralized bridges that can transfer value between distinct ecosystems will become increasingly important. We are excited to support the deBridge team as they build a product that enables the movement of capital between Ethereum, Arbitrum, and beyond” –Nick Chong, investment analyst at ParaFi Capital.

“With the advent of a mature multi-blockchain environment, a cohesive web for cross-chain communication has become not only a need, but a necessity. Due to its technically sophisticated nature, the ever-evolving notion of “interoperability” is still seen as one of the toughest nuts to crack in the blockchain world. We believe that Alex and the deBridge team have what it takes to tackle the ecosystem fragmentation and bring us closer to user-friendly and efficient multichain vision as the crypto industry moves towards the mainstream adoption.” –Roderik van der Graaf, managing partner at Lemniscap

deBridge is looking forward to working with their fantastic supporters to facilitate cross-chain interoperability in the blockchain ecosystem and to allow projects and users to build innovative products and primitives, including cross-chain composability of smart contracts and bridging of any arbitrary asset—your favorite NFTs included.

About deBridge

deBridge is a cross-chain interoperability and liquidity transfer protocol that allows truly decentralized transfer of assets between various blockchains. The cross-chain intercommunication of deBridge smart contracts is powered by the network of independent oracles/validators which are elected by deBridge governance. deBridge protocol is an infrastructure platform and a hooking service which aims to become a standard for:

• Cross-chain composability of smart contracts
• Cross-chain swaps
• Bridging of any arbitrary asset
• Bridging of NFTs

Contacts

• Alex Smirnov
• info@debridge.finance