Sign in Subscribe

Live Feed

dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The dYdX community has voted to increase the buyback allocation from 25% to 75% of net protocol fees. This decision, supported by 59.38% of participants, signifies a strategic shift in the distribution of protocol revenue, aiming to align token-economic incentives with platform performance. Previously, the allocated funds were used to repurchase DYDX tokens on the open market, which were then staked. The updated plan includes 5% earmarked for the Treasury SubDAO and another 5% directed to the MegaVault. The decision to enhance the buyback program is part of a broader strategy to refine tokenomics, reduce circulating supply, and bolster network security, especially as the buyback program had been initiated earlier in March 2025 and token emissions were set to decline in June. Under this new agreement, the dYdX team confirmed that 75% of protocol fees would be utilized for buying back DYDX tokens immediately.

Source 🔗

Read next

China State-Backed Hackers Used AI To Launch First Massive Cyberattack

Anthropic has revealed that it disrupted the first large-scale cyberattack driven largely by AI, attributed to a Chinese state-sponsored group known as GTG-1002. The operation utilized Anthropic's Claude Code to conduct reconnaissance, exploit vulnerabilities, and extract data from thirty targeted companies, including large tech firms and government agencies.

China State-Backed Hackers Used AI To Launch First Massive Cyberattack

Anthropic reported a significant cyberattack where Chinese state-sponsored hackers utilized its AI model, Claude Code, to conduct large-scale espionage. This operation uncovered the first major cyber-intrusions driven mainly by AI, marking a pivotal moment in cybersecurity. The hackers, identified as part of the GTG-1002 group, executed reconnaissance and data extraction

China State-Backed Hackers Used AI To Launch First Massive Cyberattack

Anthropic has reported a significant cyberattack attributed to a Chinese state-sponsored group known as GTG-1002, which leveraged its AI system, Claude Code, for large-scale cyber intrusions. This unprecedented attack represents a shift in how threat actors utilize AI, moving from AI as a mere advisor to AI executing operations autonomously.