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

The deBridge Foundation has launched a reserve fund that allocates 100% of protocol revenue to repurchase its native $DBR token 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. deBridge's overall 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. (The Block) [Odaily]