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dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The dYdX community has voted to increase the buy-back allocation for DYDX tokens from 25% to 75% of net protocol fees. This decision was approved by 59.38% of community members on the governance forum. The prior model saw 25% of net revenue used for buying back DYDX on the open market and staking the tokens. The new proposal reflects the community's intention to enhance token-economic incentives aligned with platform performance. Following this allocation, 5% will go to the Treasury SubDAO and another 5% to the MegaVault. This adjustment is part of a broader effort to refine tokenomics, tighten circulating supply, and improve network security. The update on the buy-back program signifies a strategic shift in how protocol revenue is distributed, effective immediately. The team announced that starting today, 75% of protocol fees will be used for buybacks.

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