dYdX Community Approves 75% of Revenue for Buybacks

TLDR: dYdX community approves 75% of protocol fees to fund DYDX buybacks under proposal #313. Previous buyback allocation of 25% is replaced by a three-fold increase to 75%. Additional allocations see 5% directed to Treasury SubDAO and 5% to MegaVault. The model links protocol revenue directly to token demand and supply dynamics. The dYdX Foundation [...]

The post dYdX Community Approves 75% of Revenue for Buybacks appeared first on Blockonomi.