{"time":1728122116613,"blocks":[{"id":"dzxVN1sTaG","type":"paragraph","data":{"text":"Before I begin, please note that none of the following should be considered financial advice. This post has been written for educational purposes only, please conduct your own research."}},{"id":"Z62KPx5Ans","type":"delimiter","data":{}},{"id":"eFmo8z0Bo5","type":"header","data":{"text":"An Overview","level":1}},{"id":"J6tgPy7Sbf","type":"paragraph","data":{"text":"(For those unfamiliar with the term, TGE stands for 'token generation event', and is a little similar to the IPO in traditional finance.)"}},{"id":"dHzIEF0RYc","type":"image","data":{"caption":"","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://pbs.twimg.com/media/GY9V-LZWYAAq4Sf?format=jpg&name=900x900"}}},{"id":"y6ItEbE0Gv","type":"paragraph","data":{"text":"The initial token distribution will occur through three channels, and will begin trading on October 17th."}},{"id":"8MIcBSAWwC","type":"list","data":{"style":"ordered","items":["LFG Vault ","S1 Airdrop Claims","Token Unlocks"]}},{"id":"TQrCYn-yNX","type":"paragraph","data":{"text":"These three routes amount to an initial circulating 1.8B tokens, 18% of the 10B maximum supply."}},{"id":"MlOQLE_0xr","type":"paragraph","data":{"text":"I'll cover each bullet in turn below."}},{"id":"JhKLOXSUFq","type":"header","data":{"text":"1. LFG Vault","level":1}},{"id":"DDbSBTJzu8","type":"paragraph","data":{"text":"200M tokens or 2% of the maximum supply will be released from the 'Community and Launch' wallet through the LFG Vault."}},{"id":"uMlVe65r72","type":"paragraph","data":{"text":"In short, the LFG Vault is a vehicle to 'sell' tokens at a pre-defined price."}},{"id":"HNlmbRBsFe","type":"paragraph","data":{"text":" Deposits will open to select wallets on October 15th, and will remain open for the following 24 hours."}},{"id":"TmHzKnJYcI","type":"image","data":{"caption":"","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://pbs.twimg.com/media/GY9JF1YXIAA3Hmz?format=jpg&name=900x900"}}},{"id":"eGYEONwv37","type":"paragraph","data":{"text":"200M $DBR tokens will be sold to a maximum of $5M USDC, which is the LFG Vault deposit cap."}},{"id":"f0y1UW1yzE","type":"paragraph","data":{"text":"$5M/200M equals $0.025 per token, or a fully diluted value (FDV) of $250M."}},{"id":"n4Q_hh_qnp","type":"paragraph","data":{"text":"Eligible wallets are also subject to a deposit limit of $25K USDC. (per wallet)"}},{"id":"T74uyE45vr","type":"paragraph","data":{"text":"Participants will have access to 50% of their tokens on Oct 17th, and the rest after 6 months, to ensure long-term alignment and avoid dumping."}},{"id":"PUeZOnMp51","type":"header","data":{"text":"LFG Vault Eligibility ","level":2}},{"id":"NUEfLTE44B","type":"paragraph","data":{"text":"There are two sets of wallets which are eligible for the sale."}},{"id":"5nfGHg5ioV","type":"list","data":{"style":"ordered","items":["Users that used DeBridge on 10+ separate days before the S1 snapshot.","The top 10% of $JUP stakers, a net stake of ~690 tokens."]}},{"id":"-Q5GFXyeiU","type":"image","data":{"caption":"","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://pbs.twimg.com/media/GY9PaXvWUAACKai?format=jpg&name=900x900"}}},{"id":"TCzOYu-Foq","type":"paragraph","data":{"text":"You can check LFG Vault eligibility via the $DBR airdrop checker: https://debridge.foundation/checker"}},{"id":"V2gD2ww9Dc","type":"header","data":{"text":"LFG Vault FAQs","level":2}},{"id":"TkG4UJLCyA","type":"paragraph","data":{"text":"What happens if there are more than $5M in deposits?"}},{"id":"Qjgh31s835","type":"list","data":{"style":"unordered","items":["Tokens will be distributed pro-rata, and excess deposits returned."]}},{"id":"qMxkg8Tt2i","type":"paragraph","data":{"text":"What happens if there are fewer than $5M in deposits?"}},{"id":"34B8qqByFX","type":"list","data":{"style":"unordered","items":["The unsold $DBR will be returned to the 'Community and Launch' wallet. "]}},{"id":"4Uzlp4mgPj","type":"paragraph","data":{"text":"Do I need to rush to deposit?"}},{"id":"ZX7HPA-trp","type":"list","data":{"style":"unordered","items":["No, deposits will be open for 24 hours and distributed pro-rata. "]}},{"id":"jY88fe8M7S","type":"paragraph","data":{"text":"In the case I change my mind?"}},{"id":"K8cvkLd1Ku","type":"list","data":{"style":"unordered","items":["Withdrawals can be made at any time until the vault closes. "]}},{"id":"BmZ_ZZOD1d","type":"header","data":{"text":"2. S1 Airdrop Claims","level":1}},{"id":"CglnHd5IvK","type":"paragraph","data":{"text":"600M $DBR tokens (6%) will be available to eligible wallets on Oct 17th, as trading begins."}},{"id":"0oKHYVnhpY","type":"paragraph","data":{"text":"These allocations can be claimed either through Jupiter's launch page, or directly from a number of centralised exchanges, as part of DeBridge's 'claim-to-CEX flow."}},{"id":"ZAxGc5V2g9","type":"paragraph","data":{"text":"This novel feature is guaranteed to be popular with less experienced users, and is something I haven't seen before. "}},{"id":"Apcwhg3EXl","type":"paragraph","data":{"text":"Very cool!"}},{"id":"xEuFaZgqA7","type":"paragraph","data":{"text":"You can also check your airdrop allocation using the link above."}},{"id":"vkoa_dEcLb","type":"header","data":{"text":"3. Token Unlocks","level":1}},{"id":"r24bfwXGss","type":"paragraph","data":{"text":"Aside from 'Community and Launch', two other portions will emit tokens at the TGE, those being 'Ecosystem' and 'deBridge Foundation'."}},{"id":"iFUhebmWsF","type":"list","data":{"style":"unordered","items":["3% of the max supply will be available from 'Ecosystem' at TGE.","5% of the max supply will be available from 'deBridge Foundation' at TGE."]}},{"id":"H9aqRa_T9i","type":"image","data":{"caption":"","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://pbs.twimg.com/media/GY9SEr-XcAABCf5?format=jpg&name=900x900"}}},{"id":"lDvI4Dam0-","type":"paragraph","data":{"text":"6 months after the TGE, most allocations begin a 3 year quarterly vesting period."}},{"id":"h-oNppP4g9","type":"paragraph","data":{"text":"On this schedule, 100% of the tokens will be in circulation after 42 months."}},{"id":"8GvcKFFDPf","type":"image","data":{"caption":"","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://pbs.twimg.com/media/GY9T13fXMAAQOsR?format=jpg&name=900x900"}}},{"id":"YvNs9T4jay","type":"header","data":{"text":"Other Key Information","level":1}},{"id":"BLbV1Tnqo_","type":"paragraph","data":{"text":"I've already stated that the inital circulating supply will be 1.8B $DBR tokens, yet so far I've only detailed 1.6B. So where is the rest?"}},{"id":"eqGUlocIaU","type":"list","data":{"style":"unordered","items":["1% $DBR will be taken by @JupiterExchange as a launchpad fee, and distributed as ASR rewards.","1% $DBR alongside $3M USDC from the LFG Vault will provide liquidity in a Meteora Pool."]}},{"id":"0jh9wXNz78","type":"paragraph","data":{"text":"The @MeteoraAG LP position, and excess $USDC from the LFG Vault will be secured via the governance multi-sig."}},{"id":"BVzMszV8Cm","type":"paragraph","data":{"text":"In the case that the vault doesn't reach $3M in deposits, the protocol's treasury will plug the gap to bootstrap initial liquidity."}},{"id":"iCaQPOQkgG","type":"header","data":{"text":"Closing Thoughts","level":1}},{"id":"j9dEL2xssf","type":"paragraph","data":{"text":"With the launch date closing in quickly, the airdrop drought is soon to be over. "}},{"id":"5ZfvCuMqde","type":"paragraph","data":{"text":"For a crypto company, a TGE is arguably the most important, and most stressful period in its lifetime."}},{"id":"csuK5n-Dkm","type":"paragraph","data":{"text":"Good luck to the @deBridgeFinance and @deBridgeFdn teams, I hope it goes as smoothly as possible.GIF"}},{"id":"m7Z46WFrH5","type":"header","data":{"text":"Thank-you for reading!","level":1}},{"id":"JGMwx4j1Jx","type":"paragraph","data":{"text":"I hope you enjoyed this and found it informative.Do drop a follow on @X and join my @AccessProtocol pool for even more content like this!"}},{"id":"vekeJdjnKd","type":"paragraph","data":{"text":"Thanks for your support."}},{"id":"A6U33bM0Hx","type":"paragraph","data":{"text":"As always, stay safe and bullish."}},{"id":"mI-TcuMuFG","type":"paragraph","data":{"text":"ChefGunny."}},{"id":"gJyIgH9O0B","type":"header","data":{"text":"Links:","level":3}},{"id":"jIW1EFUK9o","type":"paragraph","data":{"text":"ChefGunny.sol (@ChefGunny_) on X - X"}},{"id":"8C5An7WkSp","type":"paragraph","data":{"text":"Access Protocol Hub - Access Pool\n\n"}}],"version":"2.30.6"}