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 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 🚨

Starting today, 25% of dYdX net protocol fees will be used to buy back DYDX tokens from the open market every month—reinforcing long-term commitment to the ecosystem.

More products. More growth. More value. pic.twitter.com/1XsD1uyb34

— dYdX (@dYdX) March 24, 2025

The DeFi protocol’s initiative follows a community vote, which passed a governance process with over 90% of votes in support. According to on-chain details, 40 out of 60 active validators and 587 accounts participated in the voting.

Buyback to boost DYDX tokenomics

dYdX Foundation, which supports the community-led development of the dYdX protocol, shared further details of the buyback program. Other than the staking of repurchased DYDX with dYdX Chain validators, the program will help bolster network security. The initiative will also be crucial to the network generating USDC reserves for the Treasury SubDAO.

According to the dYdX Foundation  other DeFi projects, including Aave and Jupiter, have also adopted similar token buyback mechanisms. These efforts stabilize prices and act as key boosters of community confidence. dYdX’s repurchase initiative will net approximately 1.55% of DYDX’s maximum supply per year.

“The introduction of the Buyback Program further reinforces $DYDX tokenomics at a key point in its emission schedule. As of March 1, 2025, 85% of $DYDX tokens have already been unlocked, with emissions set to decrease by 50% from June 2025. Since launching in 2021, $DYDX has reached a more advanced stage in its adoption cycle, with all token unlocks set to conclude by June 2026,” the foundation noted.

With 25% of fee revenue allocated for the repurchase, the remaining net protocol fees will be split into three. 10% will go to Treasury SubDAO, 25% to the MegaVault and 40% for staking rewards.

DYDX price

The buyback program is yet another key milestone for dYdX, which has seen significant traction across the ecosystem since its launch in 2021.

dYdX Unlimited going live in November 2024 and dYdX’s launch of a reimagined mobile trading feature in February 2025 are two of these steps. Having generated over $270 billion in trading volume and more than $46 million in net protocol fees in 2024, the resurgence and new buyback program could be major catalysts in 2025.

Expansion of services with spot trading, multi-asset margin, and Ethereum Virtual Machine support also stand out.

Per data from CoinGecko, DYDX traded around $0.74 at the time of writing on March 24, 2025. The altcoin’s price was up 8% in 24 hours, with trading volume +317% to over $41 million.