dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue
CoinDesk
dYdX governance approved raising the token buy-back allocation from 25% to 75% of net protocol fees.Summary
The dYdX community voted to approve proposal #313, significantly increasing the allocation of net protocol revenue dedicated to repurchasing DYDX tokens on the open market from 25% to 75%. This move is part of a broader tokenomics refinement intended to tighten circulating supply and enhance network security, tying token incentives more directly to platform performance. The remaining protocol revenue sharing will allocate 5% to the Treasury SubDAO and 5% to the MegaVault. The dYdX team confirmed that 75% of protocol fees will now be used for open market buybacks.
(Source：CoinDesk)