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deBridge Foundation Launches Reserve Fund for DBR Token Repurchase

The deBridge Foundation's reserve fund utilizes 100% of protocol revenue, acquiring 1.3% of DBR supply valued at nearly $3 million since June 24, while holding $30.1 million in assets.

ETH
SOL
USDC

Summary

The deBridge Foundation's reserve fund has repurchased 1.3% of its native DBR tokens, valued at nearly $3 million, since its launch on June 24. The fund currently holds $30.1 million in assets, including DBR, USDC, SOL, and ETH, while exploring yield strategies and providing a public dashboard for real-time asset tracking.

Terms & Concepts
  • DBR tokens: The native tokens of the deBridge protocol, utilized within its ecosystem for governance and utility.
  • USDC: A stablecoin pegged to the US dollar, commonly used for transactions in the cryptocurrency space.
  • SOL: The native cryptocurrency of the Solana blockchain, known for its high throughput and low transaction costs.