Key Takeaways, Darling
What did the dYdX aristocracy decree?
Ah, the dYdX cognoscenti, with a flourish of their digital quills, have passed proposal #313 with a mere 59.38% approval. How quaint! They’ve tripled the token buyback allocation from a modest 25% to a grandiose 75% of net protocol fees. Bravo! 👏
How has DYDX price reacted, you ask?
Despite this audacious tokenomics coup, DYDX has taken a tumble, falling 3.53% to a humble $0.3060 on the day of the announcement. And since September? A dramatic 56% plunge from its lofty $0.70 perch. Oh, the irony! 😂
The dYdX elite, in a fit of financial panache, have voted to triple their token buyback allocation. From 25% to 75% of net protocol fees, no less! A landmark decision, announced with all the fanfare of a Victorian ball on Thursday.
Proposal #313, the darling of the season, passed with 59.38% approval after a three-day voting period that concluded on 13 November 2025. How very civilized! 🕴️
This measure, my dear reader, reshapes the very fabric of how this decentralized derivatives exchange distributes its protocol revenue. One of the most aggressive buyback programs in DeFi, you say? How delightfully bold! 🎩
“Starting today, 75% of protocol fees will be used to buy back DYDX on the open market,” the dYdX team proclaimed on X, with all the gravitas of a Shakespearean soliloquy.
dYdX team triples down on token economics, darling
This decision, a veritable seismic shift, marks a departure from the original buyback program launched in March 2025. The initial program, a mere 25% of trading fees, has already snapped up over 5 million DYDX tokens from the market. How quaintly modest! 🧐
Under the new regime, the protocol will funnel three-quarters of its revenue into open market purchases. The remaining fees? A mere 5% to the Treasury SubDAO and 5% to MegaVault, with staking rewards continuing from existing allocations. How very balanced! ⚖️
Analysts, those purveyors of prophecy, project the protocol could repurchase up to 5% of DYDX’s total supply annually at current price levels. With dYdX generating $46 million in net protocol revenue during 2024, this enhanced buyback program could significantly impact the circulating supply. How thrilling! 🎉
Strategic timing, my dear
The community, ever the strategists, timed this change with the precision of a Swiss watch. The tripled buyback allocation aims to create a supply squeeze effect, a financial pas de deux if ever there was one. 🕺
Nethermind Research, champions of this proposal, pointed to historical data showing DeFi tokens typically outperform by 13.9% on average following buyback announcements. They argued that tripling the allocation “would strengthen tokenomics while signaling confidence to the market.” How very reassuring! 🙌
The purchased tokens, like dutiful servants, will be staked to validators for extended periods, reinforcing network security while keeping them out of active circulation. How clever! 🛡️
Muted market response, alas
Despite this bullish tokenomics shift, DYDX traded at $0.3060 at the time of writing, down 3.53% on the day. The token, once a proud $0.70, has plummeted over 56% since September. Oh, the tragedy! 😢
The subdued reaction suggests traders remain cautious, though the enhanced buyback program could provide support by accumulating tokens at these lower prices. A silver lining, perhaps? 🌥️
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2025-11-14 00:45