DYDX

dYdX’s governance has approved a proposal to raise the protocol’s DYDX buyback allocation from 25% to 75% of net revenue. The change directs a much larger share of earnings into token repurchases, potentially tightening supply and supporting price discovery.

DYDX governance approved redirecting 75% of protocol revenue to token buybacks starting November 13, 2025, tripling the prior 25% allocation to address recent price weakness.

dYdX governance passed proposal #313 on Nov. 13, increasing the share of net protocol revenue for DYDX buybacks from 25% to 75%, with 5% allocated to a Treasury SubDAO and 5% to the MegaVault. The change channels a much larger portion of revenue into token support while preserving dedicated funding for treasury and MegaVault functions.

dYdX DAO voted to direct 75% of protocol fees toward DYDX token buybacks, a major change to tokenomics that could increase buy-side pressure. The move, approved on Nov. 13, 2025, signals stronger revenue-to-holder alignment for the protocol.