deBridge Launches Reserve Fund for DBR Token Buyback

The deBridge Foundation, creators of a well-known bridge protocol, has launched a Reserve Fund dedicated to using 100% of its protocol revenue for purchasing DBR tokens in the open market. This initiative aims to build long-term value and inform users about the over $30 million in DAO assets available. Since its launch in June, the Reserve Fund has managed to acquire 1.3% of the total supply of 10 billion DBR tokens, valued at approximately $3 million, as reported to The Block. The fund complements deBridge’s larger treasury, which contains $30.1 million distributed across DBR, USDC, SOL, and ETH as of July 24. In addition to buying back tokens, the initiative is investigating yield-generating strategies to enhance the overall value of the fund. The project revealed that Idle USDC stablecoins are deposited into the Aave lending protocol on Ethereum, while ETH is staked through Lido. On the Solana network, SOL and native USDC are utilized on Kamino Finance for returns. Furthermore, a public dashboard has been made available, tracking every purchase, balance, and real-time yield, offering the community an accessible audit trail of the foundation's financial activity. DBR is the governance token of the deBridge protocol, which debuted in late 2024 on the Solana blockchain as an SPL token. Launched in early 2022, deBridge serves as a cross-chain liquidity transfer solution connecting various networks, including Solana, Ethereum, and BNB Chain. It operates without requiring users to lock assets in exchange for wrapped tokens, a common method exploited by cybercriminals. Back in 2021, deBridge secured $5.5 million from investors like Animoca Brands and ParaFi Capital. According to data from DefiLlama, deBridge generates nearly $10 million in annual fees, with a current market cap for its DBR token exceeding $80 million. This buyback strategy reflects recent trends among decentralized platforms like dYdX, Pump.fun, and Raydium, which utilize their protocol revenue to enhance their native tokens, aiming to directly associate their value with network activity and foster ecosystem growth.