In August 2021, the decentralized DYDX trading platform announced its token of the same name via Airdrop to its users. Since then, the protocol has passed a long way, for example by deploying V5 of its protocol in 2024. Now Dydx announces the back -to -token repurchase program to better harmonize the DYDX with the protocol growth.
- Dydx surprised by launching the monthly return program, which aims to strengthen the value of its Dydx token by strategic purchase.
- This program reinvests 25% of the cost of a net protocol for the purchase of chips, with the possibility to increase this share to 100% in the future.
The Coin Journal offers this promotional article in cooperation with DYDX.
DYDX: Decentralized Exchange
Active since 2017, Dydx has long been part of decentralized Kador exchanges. It is particularly characterized by its markets and other options that traders appreciate. With several hundred different markets, DYDX offers a rich platform that competes with centralized exchanges.
So well that his trading platform now records more than $ 100 million in daily volume.
In parallel, Dydx redistributes 100 % of income generated by protocol. The latter are therefore divided between Stuking, Megavault and Subdao cash flows protocol. As a result, platform users can benefit from its growth at several levels.
However, revenue distribution is preparing for development with notification and Redemption Program. Its goal? Send the token token token and check the token emissions better.
DYDX announces the monthly back -off program
This Monday, March 24, starts the Dydx teams on a week. Indeed announced the surprise of everyone Redemption Program.
The aim of the redemption and destruction programs Reduce the offer in circulation by obtaining chips on the market. For the protocol, the aim is to ensure that the value of the DYDX token benefits from the growth of the platform.
The aim of this “Dydx Redemption Program” in practice is to use in practice 25 % net cost of the DYDX tokens’ purchase protocoland every month.
“This structure ensures that the log receipt is strategically reinstated in the ecosystem, which strengthens the safety, management and long -term viability of the network.» »» »
The DYDX costs will now be distributed as follows:
- 10 %: Treasure Subdao;
- 25 %: Megavault
- 25 %: Redemption Program;
- 40 %: Stocking Awards.
And Dydx doesn’t have to stop there. Her teams really believe that this share of 25 % could Increase up to 100 % Eventually. The Dao decision of course.
“While the initial contribution deals with 25 % of the cost of the net protocol, the current discussion in the community is exploring the possibility to increase this percentage up to 100 % over time.» »
In practice he generated a protocol 46 million USDC in 2024. This program therefore Could buy more than $ 11 million from Dydx tokens per year.
Long -term settlement
As Dydx explains in his advertising, he focuses on this programin the long run to align the trading platform and tokens Dydx.
So far, the costs generated by the protocol have been redistributed to users, but do not affect DYDX delivery.
As a result, with the introduction of the DYDX repurchase program, it will continue to reward its users and have an impact on the DYDX token emissions by part of its income.
The program, which is in line with the wider strategy of increasing the usefulness of the token and at the same time controls its program. Since 2023, Token Dydx has gained usefulness by becoming the native cryptocurrency of the Dydx chains. The show also slows down at the protocol level with a drop of 50 % in June 2025.
Blessings for 57,000 DYDX holders and who reflect the beliefs of the community concerning the long -term future of the token.