It is a thrill to announce the launch of DBR, the governance token of the deBridge ecosystem, is now live. Starting today, more than 490,000 users, including deBridge Season 1 points holders and LFG vault users, will be able to claim DBR tokens on the deBridge Foundation page.
Read this blog post to understand the launch of DBR, plan for DBR’s utility, and how you can claim DBR tokens.
deBridge is decentralizing
It’s now time to move further towards decentralization, handing power over to the community through a thriving governance system. DBR holders will help shape the decisions of the protocol, making it more inclusive for the community. deBridge governance will be in charge of managing the Treasury, ecosystem reserves, and helping shape the direction of deBridge’s development.
DBR holders will be able to stake DBR in order to participate in DAO governance voting and participate in decision-making on strategic protocol parameters. Please note staking will be available at a later point for all our users.
After the delegated staking and slashing module is live, staked DBR can be re-staked for validators of deBridge messaging to increase their slashable collateral which acts as an insurance against downtime, censorship, and collusion. Strategic partners and core contributors won’t be able to stake locked tokens until they are vested.
The deBridge DAO will also take on more and more responsibilities, including governance and upgradability of the smart contracts.
How to claim DBR tokens
All the eligible users can claim their DBR tokens. Head over to https://debridge.foundation to claim your allocation. This includes both the deBridge Season 1 points holders and the LFG Vault users. Read more to find out how you can claim your allocation onchain.
Side Note: Eligible users who’ve initiated the claim-to-CEX flow can view their DBR balance in the respective exchanges.
- Proceed to https://debridge.foundation & connect your eligible EVM or Solana wallet.
2. If you are in the top 10% of the wallets, you can choose "claim 50% with bonus" or "claim fast with penalty" as desired.
3. Click on “Connect recipient address and claim” to connect your Solana wallet (only available for EVM wallet). Please note that the connected Solana wallet will receive DBR tokens.
4. Next, click on “Claim” and confirm the transaction in your wallet. You will receive the stipulated amount of DBR tokens based on the chosen claim speed.
DBR is live on multiple CEXes
Starting today, DBR is live on Meteora, Kraken, Kucoin, Gateio, HTX, Bybit, Bitget, MEXC, Bitrue, Coinone, Crypto.com, Backpack, Bitvavo, Aevo, Drift Protocol, Cube, BitMart, BingX, and many more exchanges.
Frequently Asked Questions (FAQs)
Q1. What happens if I choose to claim later with a bonus?
A: You’ll be able to claim 50% of tokens now with 50% available after 6 months. All DBR penalties will be redistributed as a bonus to participants who choose to vest.
Q2. Can I still claim all my DBR tokens?
A: Yes, you can claim all of your DBR tokens immediately, minus a 20% penalty.
Q3. Where can I see the claimed DBR tokens?
A: All claimed DBR tokens will be available in your connected Solana wallet.
Q4. What happens to the participants of the LFG launch?
A: All the LFG launch participants who deposited USDC in the vault will be able to claim 50% of their DBR tokens starting today (October 17) at 8 AM (UTC)
Q5. How can I claim DBR for participation in the LFG launch?
A: Thank you for participating in the DBR’s launch on LFG. You can now claim 50% of your allocation, with 50% vested for 6 months.
Q6. Can I claim DBR tokens from multiple eligible EVM wallets in a single Solana wallet?
A: Yes, you can claim DBR tokens from multiple EVM wallets in a single Solana wallet.
Q7. Where can I get support for DBR claiming?
A: You are welcome to join our discord for any questions. Open a ticket and we will help you out. https://discord.gg/debridge