dYdX Community Approves Increase of Buyback Allocation to 75%
- 59.38% of the dYdX community voted in favor of proposal #313, increasing buy-back allocation from 25% to 75% of net protocol revenue.
- The new allocation will direct 5% of protocol revenue to the Treasury SubDAO and another 5% to the MegaVault.
- The buy-back program was initially launched in March, with token emissions set to decline in June.
- The change aims to tighten circulating supply and enhance network security through improved tokenomics.
This decision reflects the community’s desire to align token-economic incentives with platform performance, marking a significant shift in how protocol revenue is distributed.
Starting today, 75% of protocol fees will be used for buying back DYDX on the open market, reinforcing the commitment to enhancing network security and value.(Source)
