Wu Blockchain (@WuBlockchain): The dYdX Foundation announced that the dYdX community has voted to approve the proposal to "allocate 75% of protocol revenue to DYDX buybacks." Effect…
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- DYDX+85Positive
The dYdX Foundation announced that the dYdX community has voted to approve the proposal to "allocate 75% of protocol revenue to DYDX buybacks." Effective immediately, 75% of dYdX protocol fees will be used to repurchase DYDX tokens on the open market. The proposal also stipulates that 5% of protocol revenue will be allocated to the Treasury SubDAO and another 5% to the MegaVault. https://t.co/FB0cBuJ9sN