The dYdX community voted in favor of an updated buyback program on its governance forum on Thursday.
Under previous governance, 25% of the protocol’s net revenue was allocated to buying back DYDX on the open market and then staking the tokens. New Proposition #313, approved by 59.38% of the community, charts a path forward to increase the buyout allowance up to 75% of net protocol fees.
This marks a change in how protocol revenue is distributed and indicates the community’s intention to more directly tie token economic incentives to platform performance.
In addition to the 75%, the protocol’s revenue share will include 5% going to Treasury SubDAO and 5% to MegaVault.
DYdX had already launched a buyback program in March 2025 and token issuance was expected to decrease in June. The increase in the redemption allowance is therefore part of a broader symbolic refinement aimed at tightening circulating supply and improving network security.
“Starting today, 75% of protocol fees will be used to repurchase DYDX on the open market,” the dYdX team said in an article on X.
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