Doubler Lite Deploys On Arbitrum One Mainnet, Initiates 500,000 DBR ‘Liquidity Airdrop’ For Participants
In Brief
Doubler Lite announced its launch on the Arbitrum mainnet, aiming to enhance asset yield management and initiated “Liquidity Airdrop” event.
Asset yield rights separation protocol Doubler Lite (DBR) announced its launch on the Arbitrum mainnet, aiming to enhance asset yield management.
Arbitrum One is a Layer 2 decentralized blockchain operating system that supports smart contracts and is based on proof-of-stake (PoS) principles, designed to improve scalability and efficiency.
Simultaneously with the launch, the protocol began a five-day “Liquidity Airdrop” event, distributing 500,000 DBR tokens aimed at encouraging community participation in testing the mainnet product, with a limit of $200 worth of cryptocurrency assets per individual contribution.
To take part, individuals must hold C tokens in their wallets. Snapshots of these tokens will be taken at the end of the Liquidity Airdrop, and wallets containing the assets will be eligible for receiving rewards. The airdrop will be distributed on July 25th, with a maximum of 1,000 DBR tokens per address.
Users have the option to acquire C tokens by minting them after inputting their ETH or wETH on the input page, with a maximum asset value set at 200 USDT. Alternatively, C tokens can also be purchased on the secondary market.
Doubler Unveils DBR Tokenomics, Allocates 10% For Community Airdrop
Doubler Lite employs a generalized martingale strategy to capture external returns, distributing the protocol’s profits and losses according to the tokenization of yield rights. Its primary goal is to provide risk hedging and return optimization for assets through innovative solutions. Additionally, it offers alternative trading assets based on yield rights for secondary market traders.
The project is backed by venture capital firms such as Youbi Capital, Bixin Ventures, and Mask Network, along with other notable investors, providing strong financial and strategic support.
Recently, the project introduced the DBR tokenomics, detailing a total token supply of 100 million. Of this, 40% is designated for liquidity rewards, 15% for the ecosystem fund, 15% for investors, 10% for a community airdrop to incentivize early participants and supporters during the testnet ITO phase, 10% for core contributors, 5% for consultants, and 5% for marketing and liquidity efforts.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
