dYdX Governance Approves Increasing Buyback Allocation to 75% of Protocol Revenue
On November 13, 2025, dYdX governance approved Proposal #313 to raise the buy-back allocation to 75% of net protocol fees, up from the previous 25%. This decision passed with 59.38% community approval during the vote that day.
Under the new allocation, 75% of protocol revenue will be used for buybacks to repurchase DYDX tokens on the open market. Additionally, 5% of revenue will be allocated to the Treasury SubDAO and another 5% to the MegaVault.
This move is part of a tokenomics refinement designed to tighten the circulating supply and strengthen network security by better aligning incentives with platform performance. dYdX had launched its buy-back program earlier in March 2025, and token emissions were scheduled to decrease in June 2025.
The change took effect immediately as of November 13, 2025. The governance discussion and details of the proposal are documented on the dYdX governance forum as part of the community's decision-making process.
