DYDX

dYdX Community Launches DYDX Buyback Program

dYdX Community Launches DYDX Buyback Program

Leave a Comment / Buyback Program, DYDX, News /

Key Takeaways: 25% of Net Protocol Fees Allocated to Buybacks – dYdX will use 25% of net protocol fees to systematically buy back $DYDX from the open market and stake it. Ongoing governance discussions explore the possibility of increasing buybacks up to 100% of net protocol fees. The program aligns with dYdX’s expansion into Spot […]

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dYdX jumps 8% after introducing token buyback program to bolster network security

dYdX jumps 8% after introducing token buyback program to bolster network security

Leave a Comment / DeFi, DEX, DYDX, Tokens /

Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market. These tokens will be staked

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