dYdX Launches Token Buyback Program, Allocating 25% of Net Protocol Revenue for Monthly DYDX Repurchases

Decentralized Trading Platform dYdX Announces First $DYDX Buyback Program

On Monday, decentralized trading platform dYdX announced the launch of its first $DYDX buyback program to enhance long-term confidence in the token and solidify its role within the ecosystem. Starting today, 25% of dYdX’s net protocol revenue will be allocated to monthly buybacks, systematically purchasing $DYDX from the open market and staking it to bolster network security.

dYdX stated that with the implementation of the buyback program, net protocol revenue will be allocated as follows:

• 10% — Treasury SubDAO, for financial sustainability programs
• 25% — MegaVault
• 25% — Buyback program
• 40% — Staking rewards

dYdX emphasized that this structure ensures that protocol revenues are strategically reinvested into the ecosystem, thereby strengthening network security, governance, and long-term sustainability. The team also revealed that the community is discussing the possibility of gradually increasing the buyback program’s allocation from 25% to 100%.

According to the announcement, as of March 1 of this year, 85% of the $DYDX tokens have been unlocked, and starting in June 2025, the emission will be reduced by 50%. All token unlocks are expected to conclude by June 2026. Additionally, the dYdX community treasury holds approximately 190 million DYDX tokens, accounting for 19% of the total supply. These funds are reserved for future community-driven initiatives to ensure the ongoing development and expansion of the protocol.

Following the announcement of the buyback program, the price of dYdX rose approximately 10% in a short period before experiencing a pullback. As of the time of this publication, the trading price of DYDX is around $0.73.