dYdX proposes a new plan to use 100% of net trading fees for DYDX buybacks, with a proposed 3-month trial period
According to ChainCatcher, a new proposed initiative has appeared on the dYdX community forum, suggesting that 100% of dYdX's net trading fees be used for DYDX token buybacks to enhance token value accumulation. The plan is set to undergo a three-month experimental trial.
Currently, dYdX Chain allocates net trading fees as follows: 25% for DYDX buybacks, 40% for staking rewards to validators and stakers, 25% for Megavault liquidity, and 10% to the treasury. The proposal is scheduled for formal submission on November 3.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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