Overlooked in October’s Perp DEX War, dYdX has just stunned markets after the governance process approved a sweeping update to its tokenomics framework, allocating 75% of all protocol revenue toward open-market DYDX token buybacks. The proposal, numbered #313, was passed by 59.38% of community voters on Thursday, marking one of the most aggressive revenue-to-buyback ratios..
The post dYdX Pass Landmark Buyback Allocating 75% of Revenue to DYDX Token Repurchases appeared first on 99Bitcoins.
Editor’s Analysis
Overlooked in October’s Perp DEX War, dYdX has just stunned markets after the governance process approved a sweeping update to its tokenomics framework, allocating 75% of all protocol revenue toward open-market DYDX token buybacks. The proposal, numbered #313, was passed by 59.38% of community voters on Thursday, marking one of the most aggressive revenue-to-buyback ratios..
The post dYdX Pass Landmark Buyback Allocating 75% of Revenue to DYDX Token Repurchases appeared first on 99Bitcoins.
continues to draw attention due to its market movement and investor sentiment. While this news is significant, it’s important to consider long-term fundamentals and avoid reacting solely based on short-term hype.
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