DEFI協議DYDX啟動令牌回購計劃，將其淨協議費的25％用於回購DYDX令牌

該協議計劃將其淨協議費的25％用於從公開市場上回購DYDX令牌。

DeFi protocol dYdX has announced the launch of a token buyback program. The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market.

DEFI協議DYDX已宣布啟動代幣回購計劃。該協議計劃將其淨協議費的25％用於從公開市場上回購DYDX令牌。

In an announcement today, the protocol stated that the move would reinforce confidence in the token and align it with the protocol’s broader vision. The acquired tokens would be used for staking to improve network security, which aligns with the token’s significant role in the protocol ecosystem.

該協議在今天的公告中指出，此舉將增強對令牌的信心，並與協議的更廣泛的願景保持一致。獲得的代幣將用於積分來提高網絡安全性，這與令牌在協議生態系統中的重要作用相符。

“This initiative marks a significant milestone for dYdX tokenomics, further aligning platform growth with the role of the DYDX token in the ecosystem,” dYdX said.

Dydx說：“這項計劃標誌著DYDX代幣學的重要里程碑，將平台增長與DyDX令牌在生態系統中的作用相結合。”

The protocol also detailed the full distribution of the protocol revenue, noting that all the revenue has been allocated to ecosystem participants in the past year.

該協議還詳細介紹了協議收入的全部分配，並指出過去一年中所有收入已分配給生態系統參與者。

40% of the revenue will go towards staking rewards, 25% for MegaVault, its USDC liquidity program, and 10% for the Treasury SubDAO. The announcement noted that the distribution structure ensures that all revenue generated by the protocol is reinvested into the ecosystem to improve its security and governance and ensure its long-term sustainability. It added that the percentage allocated to buyback could increase to 100% later.

收入的40％將用於存放獎勵，Megavault為25％，其USDC流動性計劃和10％的財政部子公司。該公告指出，分配結構確保協議產生的所有收入都將重新投資到生態系統中，以提高其安全性和治理，並確保其長期可持續性。它補充說，分配給回購的百分比可能會在後來增加到100％。

DYDX surges 8% after news of buyback

回購消息後，dydx飆升了8％

Following news of the buyback, the DYDX token saw an almost 8% increase in value, taking its price to $0.715. This is a welcome development for a token that has struggled for most of this year and is currently down 51% year-to-date. CoinGecko data shows the token is down 84% from its peak price of $4.51, reached back in March 2024.

在回購的消息之後，DYDX代幣的價值增長了近8％，其價格為0.715美元。對於今年大部分時間都在努力的代幣而言，這是一個可喜的發展，目前逐年下跌51％。 Coingecko數據顯示，令牌比其高峰價格$ 4.51下降了84％，到2024年3月。

Interestingly, the move to adopt buyback aligns with what appears to be the common trend in the DeFi sector today, with multiple projects modifying their tokenomics to enable token buyback programs.

有趣的是，採用回購的舉動與當今Defi行業的共同趨勢保持一致，其中多個項目修改了他們的標記學以啟用令牌回購計劃。

Leading lending protocol Aave is working on implementing Aavenomics, which includes a buyback program that will see the protocol buy $1 million worth of AAVE tokens weekly for six months. Other projects, including Hyperliquid, Jupiter, and Uniswap, also have plans to initiate a similar program.

領先的貸款協議AAVE正在努力實施適應性學，其中包括一個回購計劃，該計劃將使該協議每週購買價值100萬美元的AAVE代幣，持續六個月。其他項目，包括Hypliquid，Jupiter和UnisWap，還計劃啟動類似的程序。

The interest is not totally surprising as token buybacks create constant demand for tokens, usually leading to a price increase and reduction in the circulating supply of the token. While there have also been a few criticisms of the practice, many in the crypto industry consider it a bullish sign for any project.

興趣並不完全令人驚訝，因為代幣回購對代幣產生了持續的需求，通常會導致代幣循環供應的價格上漲和降低。儘管對這種做法也有一些批評，但加密貨幣行業中的許多人認為這是任何項目的看漲標誌。

Despite the token price struggling this year, dYdX has seen its TVL decline. At the start of the year, the protocol’s TVL stood at over $1 billion, but it has since dropped to $279 million.

儘管今年的代幣價格掙扎，但DyDX的TVL下降了。年初，該協議的TVL超過10億美元，但此後已降至2.79億美元。

One of the factors contributing to the decline in TVL was the decision to move away from Ethereum to its own Layer-1 network in 2023. Although 86% of the token supply is now on the dYdX L1 network, 14% has not been bridged from Ethereum. Holders of these remaining tokens may need to act fast with the community proposal for ending support for the Ethereum cross-chain bridge by June 2025.

導致TVL下降的因素之一是決定在2023年從以太坊轉移到其自己的1層網絡。儘管目前有86％的令牌供應在DYDX L1網絡上，但14％的供應尚未從以太坊橋接。這些剩下的令牌的持有人可能需要在2025年6月之前結束對以太坊跨鏈橋的支持，以迅速採取行動。