dYdX community votes to triple token buyback allocation to 75%
The dYdX community has voted to significantly increase the buyback allocation of DYDX tokens. The new mechanism, approved with 59.38% support, will use 75% of protocol revenue for token buybacks, directly linking revenue to token demand. Previously, the buyback allocation stood at 25%. The new model, approved through proposal #313, ties protocol performance to circulating supply dynamics. It also allocates 5% of protocol fees to the Treasury SubDAO and the MegaVault, preserving ecosystem funding and staking incentives. The dYdX Foundation has received approval to use the increased 75% of protocol revenue to buy back DYDX tokens on the open market. This change takes effect immediately across the dYdX Community ecosystem. The dYdX community's vote to increase the buyback allocation to 75% is expected to have a significant impact on DYDX token demand and supply dynamics. The additional allocations to the Treasury SubDAO and MegaVault ensure continued ecosystem funding and staking incentives.
