The dYdX community voted in favor of an updated buy-backs program on its governance forum on Thursday.
Under earlier governance, 25% of net protocol revenue was allocated to repurchasing DYDX on the open market and then staking the tokens. The new proposal, which received a 59.38% approval from the community, plans to increase the buy-back allocation to 75% of net protocol fees.
This marks a shift in how protocol revenue is distributed and indicates the community’s intention to tie token-economic incentives more directly to platform performance.
In addition to the 75%, protocol revenue sharing will include 5% going to Treasury SubDAO and 5% to the MegaVault.
DYdX had already launched a buy-back program in March 2025, and token emissions were scheduled to decline in June. The rising buy-back allocation is part of a broader tokenomics refinement aimed at tightening circulating supply and enhancing network security.
“Starting today, 75% of protocol fees will be used to buy back DYDX on the open market,” said the dYdX team in a post.
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