deBridge Snapshot Taken, Teasing Changes for Season 2

deBridge, one of DeFi’s most trusted and liquid cross-chain bridge platforms, has finally announced the completion of its inaugural season of rewards.

The protocol confirmed the Season 1 rewards snapshot was taken at 21:00 UTC, July 23rd, with any user points accrued following the snapshot being directed to their Season 2 allocations.

deBridge Closes the Door on a Successful Season 1

Proclaiming itself as DeFi’s internet of liquidity, deBridge considers its Season 1 rewards campaign a resounding success. 

Attracting over 250,000 users and successfully executing over $2B of bridging volume across more than 2.3M transactions, deBridge rapidly grew to become one of the most popular cross-bridges in the blockchain industry.

Notably, deBridge attracted vast inflows from alternative blockchains to the Solana network. Throughout June, deBridge led rival bridges in inflow volume, narrowly edging out Wormhole and facilitating the transfer of over $154M worth of digital assets.

“Natural Synergy with Solana”

In an exclusive statement to SolanaFloor, Jonnie Emsley, deBridge CMO, contended that “there is a natural synergy with Solana and our infrastructure”, highlighting the network’s high-performance focus as a key strength of the network.

Additionally, the team noted that deBridge and the Solana community were a “match made in heaven”, underscoring that “the Solana community has a very similar vision of DeFi to us [deBridge].”

This belief is further reinforced by the upcoming launch of DBR, the protocol’s native token. The DBR TGE is anticipated for mid-August, where the token will initially launch in the Solana ecosystem.

deBridge Season 2 Begins Immediately, Final Season One Suprise

With Season One officially coming to an end, the stage is set for the continuation of deBridges ongoing incentives program. Season 2 continues exactly where Season 1 left off, with users earning points as a reward for bridging liquidity across various blockchains via the deBridge protocol.

Speaking with SolanaFloor, Emsley confirmed that all existing points multipliers present in Season 1 will be carried over into Season 2. Additionally, deBridge has also teased the introduction of an upcoming “league” system, adding a new layer of complexity to the incentives program.

As a final, unexpected gift, deBridge has announced an intriguing retrospective multiplier that rewards new users, who were likely to have been excluded from multipliers.

Any new user who wasn’t eligible for any multipliers, but used the protocol on three separate days, has been granted a 1.1x multiplier on all accrued points.

All eyes now turn to the deBridge TGE. Loosely scheduled for mid-August, the DBR launch will be hosted through Jupiter’s LFG launchpad.

Read More on SolanaFloor:

Circle gives Lulo Finance the nod of approval

Lulo Joins the Circle Alliance, Reinforcing DeFi Credibility

How Do Airdrops Work?