PANews reported on May 21 that according to The Block, the cross-chain interoperability protocol deBridge announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion. The token distribution plan includes allocating 20% to community launch and its community, with a circulating supply of 1.8 billion DBR at launch. Of the remaining supply, 26% is allocated for ecosystem support, 20% to core contributors, and 17% to strategic partners. deBridge aims to decentralize governance power to the community through DAO. DBR token holders can pledge their tokens to participate in DAO governance votes to determine protocol parameters, including electing active validators, setting minimum consensus thresholds, and the deployment and upgrade of smart contracts. The DAO will also manage the project's treasury and ecological reserves, and its responsibilities will gradually increase.
The launch of the DBR token follows deBridge’s April launch of a points program that retroactively distributes points to over 200,000 existing users based on past activity, including partner projects that have integrated the deBridge protocol, such as Jupiter, Solflare, Zeta Markets, Banana Gun, and Birdeye. The launch of the DBR token comes ahead of an upcoming vote on Jupiter’s LFG platform, which will see the Jupiter community decide whether deBridge will serve as a crowdsale platform for DBR through a Jupiter-based liquidity pool. If the vote passes, deBridge will launch on the LFG platform within three months.