DYDX介紹了令牌回購計劃，以增強網絡安全並增強實用性

根據3月24日的公告，該協議表示，將分配其每月淨費用的25％，以從公開市場購買DYDX令牌。

Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX.

分散的交易交易所DYDX推出了一個令牌回購計劃，以增強網絡安全性並增強其本地令牌DYDX的效用。

According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market. These tokens will be staked to boost the network’s resilience directly.

根據3月24日的公告，該協議表示，將分配其每月淨費用的25％，以從公開市場購買DYDX令牌。這些令牌將被放置，以直接提高網絡的彈性。

dYdX hinted that the buyback allocation could expand in the future, potentially reaching 100% of protocol revenue if the program proves successful.

DYDX暗示，回購分配將來可能會擴大，如果該計劃成功，則可能達到協議收入的100％。

“If the program performs well, we may increase the buyback to claim all of the protocol's revenue for staking and network security,” the exchange stated.

交易所表示：“如果該計劃的運行良好，我們可能會增加回購，以索取該協議的所有積分和網絡安全收入。”

The initiative aligns with broader trends in the DeFi sector, where platforms are seeking to enhance their token utility and stability. Prominent DeFi protocols like Aave and Jupiter are also experimenting with buybacks to improve their token utility and market performance.

該倡議與衛生部門的更廣泛趨勢保持一致，在該領域，平台正在尋求增強其令牌效用和穩定性。諸如AAVE和木星之類的著名違規協議也正在嘗試回購，以改善其令牌實用程序和市場績效。

Revenue distribution model

收入分配模型

Meanwhile, the buyback program has also prompted a reshuffle in dYdX’s revenue distribution model.

同時，回購計劃還促使DYDX的收入分銷模式進行了改組。

Under the new framework, staking rewards will claim 40% of total earnings, while the recently introduced MegaVault and the buyback initiative will each receive 25%. The remaining 10% will go to the Treasury SubDAO, an entity responsible for financial sustainability and long-term growth.

在新的框架下，Staging Rewards將索取總收入的40％，而最近引入的Megavault和回購計劃將分別獲得25％。其餘的10％將用於財政部的財政部，這是一個負責財務可持續性和長期增長的實體。

Following the announcement, the DYDX token price climbed by over 8%, trading around $0.73, according to CryptoSlate data.

宣布這一消息後，DYDX代幣價格上漲了8％以上，交易約為0.73美元。

However, despite this recent gain, DYDX remains significantly below its all-time high of nearly $14.83, representing a decline of roughly 78%.

然而，儘管最近獲得了收益，但DYDX仍顯著低於其歷史最高近14.83美元，約為78％的下降。

DYDX tokenomics

dydx tokenomics

This buyback announcement comes at a critical point in the evolution of DYDX’s tokenomics.

此回購公告是在DyDX的標記學發展中的關鍵時刻。

The protocol explained that its community had successfully transitioned from Ethereum to its custom Layer 1 blockchain, the dYdX Chain, in 2023.

該協議解釋說，其社區已於2023年成功地從以太坊過渡到其自定義的第1層區塊鏈DYDX鏈。

Following the event, approximately 86% of its tokens reside on the new network. However, roughly 14% remain on Ethereum as ethDYDX tokens.

活動之後，其代幣的大約86％位於新網絡上。但是，作為Ethdydx令牌，大約有14％的人保留在以太坊上。

Due to this situation, the project has repeatedly urged users to migrate their ethDYDX tokens before June 2025, when the Ethereum bridge may be discontinued. Failure to do so could render unbridged tokens inactive.

由於這種情況，該項目一再敦促用戶在2025年6月之前遷移其Ethdydx令牌，屆時以太坊橋樑可能會停產。如果不這樣做可能會導致無主動的代幣。

As of March 1, 2025, the decentralized protocol stated that it has already unlocked around 85% of the total DYDX token supply. From June 2025, token emissions will drop by 50%, with the final unlock scheduled for June 2026.

截至2025年3月1日，該分散協議表示，它已經解鎖了約85％的DYDX令牌供應。從2025年6月開始，令牌排放量將下降50％，最終解鎖定於2026年6月。