DYdX has decided to dedicate 25% of its protocol revenue to monthly token buybacks, enhancing its ecosystem. Following this announcement, the native DYDX token surged by 10%, trading around 0.731 USD.
The new revenue model not only supports buybacks but also allocates 25% for liquidity provision and 10% for the treasury. Community discussions may influence future buyback allocations to potentially reach 100%.
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