dYdX community backs 75% revenue allocation to buybacks, up to 5% DYDX/year
The dYdX community voted to redirect 75% of protocol revenue into DYDX token repurchases, a sizable increase from prior allocations. According to the approved proposal on Nov. 13, 2025, the buyback mechanism can repurchase as much as 5% of the total DYDX supply each year, subject to actual protocol revenue and execution timelines.
This change matters because it materially shifts treasury policy toward supply reduction and market support, potentially lowering circulating supply and reducing selling pressure from protocol revenue. Market impact will depend on revenue performance and the cadence of repurchases, so holders and traders should watch on-chain buyback disclosures and governance updates. The vote signals a clearer, buyback-focused tokenomics approach that could strengthen confidence among investors if sustained over multiple revenue cycles.