Dydx, token for decentralized derivatives, exchanged Dydx, almost 7% jumped to $ 0.72 after the platform introduced a repurchase program, which dedicated 25% of its monthly protocol fees to buy tokens in the open market.

The move is part of a broader effort to strengthen the token’s role in the network’s security and economic model in the midst of a prolonged downward Dydx that has lost more than 78% of its value in the last 12 months.

The repurchases mark a shift in how Dydx allocates its protocol revenue, with 40% going to stackers, 25% to the new program, 25% to its market -supporting megavault and 10% against the Treasury initiatives.

The exchange reported $ 46 million in net protocol revenue in 2024 from over $ 270 billion in trade volume, according to a press release. Government discussions are already investigating the possibility of increasing the repurchase share to as much as 100% of protocol fees.

Tokens, purchased as part of the program, is set to be set in “a long period of time to improve network security,” a DydX representative Coindesk said.

Token’s supply dynamics also change, with emissions falling to half that starts in June. Most Dydx tokens are already unlocked, with the rest scheduled to west in mid-2026, the press release says.

A pending proposal can also remove unbroved Ethereum-based Dydx-tokens from circulation, if not transferred to the Dydx layer 1 in June.