deBridge Foundation launches reserve fund to repurchase DBR tokens with all protocol revenue

PANews reported on July 24 that according to The Block , the deBridge Foundation has launched a reserve fund to use 100% of the 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 supply of DBR since its launch in June , worth nearly $ 3 million. The deBridge treasury now holds $ 30.1 million in assets, covering DBR , USDC , SOL and ETH . In addition, the fund is also exploring income strategies and has launched a public dashboard to track assets and income in real time.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
U.S. stocks closed higher across the board, while crypto-related stocks showed mixed performance.
PANews Newsflash