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deBridge Foundation is launching a Reserve Fund, which will use all protocol revenue to buy back the DBR token
BlockBeats News, July 24th, according to The Block, the deBridge Foundation has launched a Reserve Fund, dedicating 100% of protocol revenue to buy back its native DBR token on the open market. As of July 24th, the fund has already repurchased 1.3% of the total DBR supply since its launch in June, amounting to nearly $3 million. The deBridge treasury now holds $30.10 million in assets, including DBR, USDC, SOL, and ETH. Furthermore, the fund is exploring yield strategies and has launched a public dashboard to provide real-time tracking of assets and yields.
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