deBridge Launches Reserve Fund, Will Use All Protocol Revenue to Buy Back DBR Tokens

The deBridge Foundation has launched a reserve fund with plans to use all protocol revenue to repurchase its native governance token, $DBR, on the open market. Since its launch in June of this year, the fund has repurchased 1.3% of the total supply of 10 billion tokens, worth approximately $3.00 million. The fund is now merged with deBridge's total asset pool, with total holdings including $DBR, USDC, SOL, and ETH, with a total market value of approximately $30.10 million. The fund also implements yield strategies, utilizing platforms such as $Aave, Lido, and Kamino Finance to generate returns on idle assets, and has launched an on-chain real-time public dashboard to increase transparency. [TheBlock]