deBridge

deBridge is a cross-chain interoperability and liquidity transfer protocol that will enable truly decentralized frameworks resulting in reliable and secure cross-chain features that haven’t been available in the past. From the mainnet launch, deBridge will support Ethereum, Polygon, Binance Smart Chain, HECO, and Arbitrum, with the goal to connect to other valuable chains in the near future. deBridge utilizes a locking and minting approach where the native token is locked/unlocked in deBridge smart contract in the native chain and wrapped asset (deAsset) is minted/burnt in secondary chains where deAssets are 1:1 backed by collateral in the native chain. The protocol allows users or smart contracts to transfer not only assets, but also any arbitrary information or transaction data, that will be executed in the target chain by keepers for a small fee. deBridge smart contracts treat transactions only as valid if a minimum number of confirmations from validators is achieved. Each validator operates a Chainlink oracle node that performs cross-chain relaying of data between deBridge smart contracts in different chains. Together, validators form a decentralized oracle network (DON) designated to solve the current problem of cross-chain interoperability. deBridge is fully blockchain and technology-agnostic and will facilitate interoperability and liquidity transfers between any existing blockchains and smart contracts. Adding support to the new chains is a seamless process that doesn’t influence or pause the current operations of the protocol. deBridge is an infrastructure platform and a hooking service that allows any existing protocol to instantly scale up to any other chains — L1s, L2s, and sidechains — as well as to interconnect protocol components in different ecosystems. The protocol allows bridging any arbitrary data that will facilitate projects and developers to integrate with or build applications using deBridge. This includes swaps and transfer of assets, NFTs, oracle data, cross-chain governance voting, and areas that we’re yet to explore. The consensus among validators is achieved on the smart contract level which guarantees fast and asynchronous execution of all cross-chain transactions that pass through the protocol. It grants high throughout and guarantees fast execution of the cross-chain transactions. Slashing and delegated staking mechanics act as a backbone for protocol security and make all validators financially responsible for fault-tolerance relaying of cross-chain transactions. Users no longer need to bear the risk of funds being stuck as any delays will put validators’ collateral under the risk of slashing. There’s no longer a need to look for a specific bridge for each blockchain. The deBridge protocol is a unified standard where users specify the original and destination chains in a single UI.