dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The dYdX community has approved an updated buyback program, raising the buyback allocation from 25% to 75% of net protocol fees. This decision received support from 59.38% of voters on the governance forum. Under the new framework, a significant portion of protocol revenue will be utilized to buy back DYDX tokens on the open market before staking them. This shift reflects a desire to align token economic incentives more closely with platform performance. Beyond the buyback, the remaining revenue distribution involves 5% allocated to the Treasury SubDAO and another 5% to the MegaVault. This change follows dYdX's previous buyback program initiated in March 2025 and aims to decrease circulating supply while strengthening network security. The dYdX team emphasized that starting today, 75% of the protocol fees will be employed to repurchase DYDX.

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