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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
Waddup Degens. I’m sure at this point you’ve bridged over to the $Degen L3, bought some bonding curve memecoins, maybe made some gains, and you’re thinking β€” great! Bag secured. Time to bridge back to Baseβ€”WAIT. There’s a 7 day delay???? Ohhhhh hell nahhhhhh
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
https://bridge.degen.tips Rugged again by the official bridge. What if I told you there was a way to bridge back to Base instantly? That’s exactly what the team behind DeRamp is trying to do.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
DeRamp is a cross-chain bridge that uses an arbitrage-based protocol to ensure users can safely onramp and offramp onto the Degen L3 chain – reducing the off-ramp time from 7 days to just a few minutes.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
DeRamp v1 uses a native token β€” $DR β€” to allow users to instantly bridge between the Base and Degen L3 networks. Users will trade their native token for $DR on the source chain, interact with the DeRamp v1 contract, and receive $DR on the destination chain.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
$DR is burnt whenever sent to the DeRamp contract, ensuring the supply of $DR remains constant. Now on to Tokenomics.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
100,000 $DR will be minted. - 45% will be pooled on the Base L2 for liquidity and locked. - 45% will be pooled on the Degen L3 for liquidity and locked. - 10% will be allocated in a multisig to the DeRamp team for community growth, infrastructure maintenance and logistics.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
Every time that someone buys/sells $DR on Uniswap or DegenSwap, a 2% tax will be taken and locked in a multisig contract to be used for $DR buybacks and liquidity provisioning to keep the price stable on both networks.
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cousinape πŸ”΅πŸŽ©πŸΉ  pfp
cousinape πŸ”΅πŸŽ©πŸΉ
@cousinape
Every time someone uses the bridge on the DeRamp v1 protocol, a 2% fee will be taken and equitably distributed amongst all holders of $DR.
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