deBridge Foundation Launches Reserve Fund, Repurchases DBR Tokens with All Protocol Revenue

On July 24 (UTC+8), the deBridge Foundation launched a reserve fund that will use 100% of 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 $DBR supply since its launch in June, worth nearly $3.00M. The overall deBridge treasury now holds $30.10M in assets, covering $DBR, USDC, SOL, and ETH. In addition, the fund is exploring yield strategies and has launched a public dashboard to track assets and yields in real time. (Source: Odaily) [MetaEra]