dYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

The dYdX community voted to approve an increase in the buyback allocation of protocol revenue from 25% to 75%. This decision, supported by 59.38% of voters, delineates a new approach to how the protocol uses its earnings, emphasizing a more direct correlation between revenue and token-holder incentives. Besides the increased buyback allocation, 5% of the protocol's revenue will go to the Treasury SubDAO and another 5% to the MegaVault. The initiative is part of a broader strategy to refine tokenomics, which includes measures to regulate the supply of DYDX tokens and bolster network security. Implementing this change, the dYdX team announced that, effective immediately, 75% of protocol fees would be dedicated to purchasing DYDX tokens on the open market. This adjusted buyback program reflects the community's ongoing commitment to enhancing the platform's performance and the overall value of its digital tokens.

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