deBridge Launches Reserve Fund, Uses All Protocol Revenue to Buy Back Its DBR Token

According to The Block, the deBridge Foundation has launched a reserve fund that will use 100% of protocol revenue to purchase its $DBR tokens on the open market. Since its launch in June, the reserve fund has purchased 1.3% of the total $DBR supply (10.00B tokens), currently worth nearly $3.00M. According to details shared by the foundation, as of July 24, the fund coexists with deBridge's "vault" and holds multiple tokens such as $DBR, $USDC, $SOL, and $ETH, with a total value of $30.10M. [Foresight News]