dYdX community reshapes token economics with 75% buyback allocation
The dYdX community, represented by the dYdX Foundation, has approved a significant change to its protocol fee allocation. Proposal #313, which garnered around 59.38% support, increases the buyback allocation to 75%, up from the previous 25%.
This shift takes effect immediately across the dYdX Community ecosystem. The new model directly links protocol revenue to token demand and supply dynamics. Here's how the fees are now distributed: 75% goes towards DYDX buybacks, 5% to the Treasury SubDAO, and another 5% to the MegaVault. This change is set to have a notable impact on the DYDX token's market dynamics.
With the dYdX community's backing, proposal #313 has successfully increased the buyback allocation to 75%. This move is expected to influence DYDX token demand and supply, with the new fee structure now in effect across the dYdX Community ecosystem.
