dYdX Increased Its Buyback Program to 75%

Important Decision from the dYdX Community

dYdX community approved an updated buyback program in a vote held on Thursday in the governance forum. The proposal started with the allocation of 25% of net protocol revenue for the buyback of DYDX tokens from open markets.

The new proposal was named Proposal #313 and was accepted by 59.38% of the community. With this change, the buyback allocation aims to increase to up to 75% of net protocol fees.