degen chain

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 — great! Bag secured. Time to bridge back to Base—WAIT. There’s a 7 day delay????

Ohhhhh hell nahhhhhh

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.

in the arena, buying things + building for a post-scarcity world 

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.

DeRamp v1 uses a native token — $DR — 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.

$DR is burnt whenever sent to the DeRamp contract, ensuring the supply of $DR remains constant.

Now on to Tokenomics.

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.

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.

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.

What’s more exciting is that v2 of the DeRamp bridge will be a native $DEGEN bridge, allowing you to swap between $DEGEN on the Degen L3 to $DEGEN on Base instantly. It'll use a liquidity provision model where LPs can lock $DEGEN on either network & receive fees on every txn made

Long-term holders of $DR will also receive fee rewards upon the release of DeRamp v2!

I’ve spoken to the team behind the project and they’re legit, doxxed devs who are trying to solve a real problem and stick around for a long time.

I recommend you take the protocol for a spin and find out yourself. Shoutout DeRamp and congrats on the launch!

CAs and project info below

$DR CA on Base: 0x3847d1391d3Cb7e5B12637336F952F98F22e1413
$DR CA on Degen: 0x194162cCC046D230cFAFd10c4f7e4AE648D5e82d

Website: https://www.deramp.tips/
Twitter: https://twitter.com/degenramp
Telegram: https://t.me/derampontg

Great fcking spot, the chain has been desperately needing a fresh working bridge after all the fud around DBRIDGE