dYdX Buyback Rate Increased to 75%: What is the Price Impact?

The dYdX community has made a significant shift in the platform's token economy by approving that 75% of the protocol revenues be allocated for DYDX buybacks. According to the announcement made by the dYdX Foundation, the community unanimously accepted the long-discussed new buyback proposal. With this development, a large portion of the protocol revenues will now be used directly to buy back DYDX tokens from the market. This decision is considered one of the most comprehensive steps taken to strengthen the economic structure of the platform.

According to the previous governance model, only 25% of the protocol revenues were spent on DYDX buybacks. With the approval of the new proposal number 313, this ratio has been increased to 75%, providing a radical improvement in the buyback policy. The proposal was supported by 59.38% of the community. Additionally, 5% of the revenue will be transferred to the Treasury SubDAO, and 5% will go to the MegaVault. This change demonstrates the desire of the dYdX ecosystem to more closely align token-focused incentives with platform performance.

When combined with the buyback program launched on March 1, 2025, and the token emission reduction implemented in June, it is clear that the new ratios serve the goals of tightening the circulating supply and enhancing network security. The dYdX team stated in an announcement made through X, "Starting today, 75% of the protocol fees will be used for DYDX buybacks." It is believed that this step could lead to a more stable price structure for DYDX and a stronger ecosystem in the medium and long term.

According to CoinGecko data, DYDX price has decreased by 3% due to the pullback in Bitcoin prices. It is thought that the increase in buybacks could be effective in price transformation. At the time of writing, DYDX is trading at $0.30. Considering the circulating supply and the strong fundamentals of the project, there are critical price levels and market dynamics that investors should take into account.