deBridge Implements Strategic Token Buyback Program - $DBR token price surge 20%
deBridge Foundation established a treasury fund using 100% of protocol revenue to buy DBR tokens from the market.
Since launching in June, they've acquired 1.3% of total supply worth $3.2 million and manage a $28.6 million diversified treasury. The foundation actively yield farms through DeFi protocols: $5.7M on Aave, $4.67M ETH staked via Lido, and $6.5M on Kamino Finance.
The announcement triggered a 20% DBR price surge, aligning with the broader DeFi trend of protocols using revenue for token buybacks to enhance investor returns.