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deBridge Foundation launched a reserve fund to buy back DBR Token using all protocol revenue.
PANews July 24 news, according to The Block report, the deBridge Foundation has launched a reserve fund, using 100% of protocol revenue to repurchase its native DBR Token in the open market. As of July 24, since its launch in June, the fund has acquired 1.3% of the total supply of DBR, worth nearly 3 million USD. The deBridge overall treasury currently holds 30.1 million USD in assets, covering DBR, USDC, SOL, and ETH. In addition, the fund is also exploring yield strategies and has launched a public dashboard to track assets and yields in real-time.
DBR21.28%