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deBridge Foundation launched a reserve fund to buy back DBR Token using all protocol revenue.
PANews July 24 news, according to The Block report, the deBridge Foundation has launched a reserve fund, using 100% of protocol revenue to buy back its native DBR Token from the public market. As of July 24, the fund has acquired 1.3% of the total supply of DBR since its launch in June, worth nearly $3 million. The deBridge overall treasury currently holds $30.1 million in assets, covering DBR, USDC, SOL, and ETH. In addition, the fund is also exploring yield strategies and has launched a public dashboard to track assets and yields in real-time.