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dYdX unveils buyback program for native token
DeFi platform dYdX has launched its first ever buyback program for native token DYDX. 25% of fee revenue will cater for the DYDX repurchases. The remaining will have 10% go to Treasury SubDAO, 25% to MegaVault and 40% to staking rewards. Decentralized finance platform dYdX has announced the launch of its first-ever buyback program for […] The post dYdX unveils buyback program for native token appeared first on CoinJournal.
- DeFi platform dYdX has launched its first ever buyback program for native token DYDX.
- 25% of fee revenue will cater for the DYDX repurchases.
- The remaining will have 10% go to Treasury SubDAO, 25% to MegaVault and 40% to staking rewards.
Decentralized finance platform dYdX has announced the launch of its first-ever buyback program for the native token DYDX.
dYdX will now see 25% of network fees go into a DYDX buy back program, with repurchases happening every month and on the open market.
“Starting today, 25% of net protocol fees will be allocated to monthly buybacks, systematically acquiring $DYDX from the open market and staking it to enhance network security,” the dYdX Foundation wrote in a blog post.
The first-ever $DYDX Buyback Program is here
