{"id":18771,"date":"2025-03-24T12:46:48","date_gmt":"2025-03-24T12:46:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18771"},"modified":"2025-03-24T12:46:48","modified_gmt":"2025-03-24T12:46:48","slug":"dydx-token-jumps-7-after-derivatives-exchange-protocol-dydx-starts-buyback-program","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18771","title":{"rendered":"DYDX Token Jumps 7% After Derivatives Exchange Protocol dYdX Starts Buyback Program"},"content":{"rendered":"<div>\n<p><a href=\"https:\/\/www.coindesk.com\/price\/dydx\" target=\"_blank\">DYDX<\/a>, the token of decentralized derivatives exchange <a href=\"https:\/\/www.coindesk.com\/learn\/what-is-dydx-understanding-the-decentralized-crypto-exchange\" target=\"_blank\">dYdX<\/a>, jumped nearly 7% to $0.72 after the platform introduced a buyback program, dedicating 25% of its monthly protocol fees to purchasing tokens on the open market.<\/p>\n<p>The move is part of a broader effort to reinforce the token\u2019s role in the network\u2019s security and economic model amid a prolonged downtrend for DYDX, which has lost more than 78% of its value in the last 12 months.<\/p>\n<p>The buybacks mark a shift in how dYdX allocates its protocol revenue, with 40% going to stakers, 25% to the new program, 25% to its market-supporting MegaVault and 10% toward treasury initiatives.<\/p>\n<p>The exchange reported $46 million in net protocol revenue in 2024 from over $270 billion in trading volume, according to a <a href=\"https:\/\/t.co\/8gGjTiQAAI\" target=\"_blank\">press release<\/a>. Governance discussions are already exploring the possibility of increasing the buyback share to as much as 100% of protocol fees.<\/p>\n<p>Tokens bought as part of the program are set to be staked for \u201can extended period of time to improve network security,\u201d a dYdX representative told CoinDesk.<\/p>\n<p>The token&#8217;s supply dynamics are also shifting, with emissions set to drop by half starting in June. Most DYDX tokens have already been unlocked, with the remainder scheduled to vest by mid-2026, the press release said.<\/p>\n<p>A pending proposal may also remove unbridged Ethereum-based DYDX tokens from circulation if not transferred to the dYdX layer 1 by June.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DYDX, the token of decentralized derivatives exchange dYdX, jumped nearly 7% to $0.72 after the platform introduced a buyback program, dedicating 25% of its monthly protocol fees to purchasing tokens on the open market. The move is part of a broader effort to reinforce the token\u2019s role in the network\u2019s security and economic model amid [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18771","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18771"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18771\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}