DYdX Governance Approves Buyback Increase to 75% of Protocol Revenue

Why It Matters

By directing three‑quarters of fees to token buy‑backs, dYdX intensifies price support and aligns stakeholder incentives with platform performance, potentially enhancing token value and ecosystem stability.

Summary

The dYdX community approved governance proposal #313, raising the buy‑back allocation from 25% to 75% of net protocol revenue, with 59.38% of voters in favor. The new structure also earmarks 5% of fees for the Treasury SubDAO and 5% for the MegaVault, shifting the majority of revenue toward repurchasing and staking DYDX tokens. The change follows a March 2025 buy‑back launch and a scheduled token‑emission cut in June, aiming to tighten circulating supply and bolster network security.