Tag: than incentive-heavy liquidity
dYdX Community Approves Major Shift: 75% of Protocol Revenue Now Goes to DYDX Buybacks
The dYdX Foundation has confirmed a major change to the protocol’s revenue distribution. The community has officially voted to approve the proposal to allocate 75% of protocol revenue to DYDX buybacks. The shift takes effect immediately, marking one of the largest redistributions since the chain’s launch. The update moves the protocol from a 25% buyback model to a 75% model. In practice, this means three out of every four dollars earned through trading fees will now be used to purchase DYDX on the open market. The change is designed to increase direct buying pressure, tighten token supply over time, and The post dYdX Community Approves Major Shift: 75% of Protocol Revenue Now Goes to DYDX Buybacks appeared first.
The New York Times
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