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. The new proposal #313, which was approved by 59.38% of the community, charts a course to increase the buyback allocation up to 75% of the protocol’s net fees.
This marks a change in the way protocol revenue is distributed and indicates the community’s intention to link token economic incentives more directly to platform performance.
In addition to 75%, the protocol’s revenue share will include 5% for Treasury SubDAO and 5% for MegaVault.
DYdX had already launched a buyback program in March 2025 and token issuances were scheduled to decline in June. The increasing buyback allocation is therefore part of a broader refinement of the token economy aimed at adjusting circulating supply and improving network security.
“Starting today, 75% of the 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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