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dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The dYdX community recently voted to increase the buy-back allocation from 25% to 75% of net protocol fees, as reflected in a new governance proposal approved by 59.38% of the community. Previously, the protocol allocated a quarter of its revenue for repurchasing and staking DYDX tokens. This decision indicates a significant shift towards integrating the economic incentives of the ecosystem with its performance metrics. Along with the new buy-back rate, 5% of the protocol revenue will also be allocated to a Treasury SubDAO and another 5% to a MegaVault, which aims to enhance the financial structure of the platform. The move is part of a broader strategy to refine tokenomics by tightening supply and bolstering network security. The dYdX team announced that starting immediately, 75% of protocol fees will be directed towards buying back DYDX on the open market, further showcasing a commitment to improved governance and economic stability within the protocol.

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