deBridge Foundation launches reserve fund to repurchase DBR tokens with all protocol revenue

On July 24, according to The Block, the deBridge Foundation launched a reserve fund to use 100% of the protocol revenue to repurchase its native $DBR tokens on the open market. As of July 24, the fund has acquired 1.3% of the total supply of $DBR since its launch in June, worth nearly $3.00 million. The deBridge treasury now holds $30.10 million in assets, covering $DBR, USDC, SOL, and ETH. In addition, the fund is also exploring income strategies and has launched a public dashboard to track assets and income in real time. [PANews]