The dYdX community voted for an updated buyback program on their governance forum on Thursday.
Under previous governance, 25% of net protocol revenue was allocated to repurchasing DYDX on the open market and then staking the tokens. The new proposal #313, which 59.38% of the community approved, sets a course to raise the buyback award up to 75% of net protocol fees.
This marks a shift in how protocol revenue is distributed and indicates the community’s intent to tie token economic incentives more directly to platform performance.
In addition to the 75%, protocol revenue sharing will include 5% to Treasury SubDAO and 5% to MegaVault.
DYdX had already launched a buyback program in March 2025, and token emissions were scheduled to drop in June. The increasing buyback allocation is therefore part of a broader tokenomics refinement aimed at tightening circulating supply and increasing network security.
“Starting today, 75% of protocol fees will be used to buy back DYDX on the open market,” the dYdX team said in a post on X.
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