DYDX啟動了首屆回購計劃，分配了25％的淨協議費用來回購DYDX令牌

這一戰略舉動將該平台的淨協議費用的25％分配為從公開市場每月回購DYDX令牌。

Decentralized trading platform dYdX has launched its inaugural buyback initiative, diverting 25% of the platform’s net protocol fees to repurchase DYDX tokens from the open market on a monthly basis.

分散的交易平台DYDX已發起了首次回購計劃，將該平台的25％的淨協議費用轉移到每月從公開市場上回購DYDX令牌。

This program, voted on and passed by the dYdX community, will see the Treasury SubDAO use a Time-Weighted Average Price (TWAP) strategy to buyback DYDX tokens in a manner that is designed to minimize market impact.

該計劃由DYDX社區投票並通過，將看到美國財政部使用時間加權的平均價格（TWAP）策略以旨在最大程度地減少市場影響的方式來回購DYDX代幣。

Once purchased, the tokens will be locked in the dYdX protocol and used to stake to validators, reducing the circulating supply of DYDX and bolstering the network's security.

購買後，代幣將鎖定在DYDX協議中，並用於將其存放到驗證器中，減少DYDX的循環供應並加強網絡的安全性。

The move comes as traders are keenly watching the development and speculating on its potential impact on DYDX’s price in April.

此舉是因為交易者敏銳地觀察了發展的發展，並猜測了其對DyDX 4月份價格的潛在影響。

How the dYdX Crypto Buyback Works and Affects the Market

DYDX加密回購如何有效和影響市場

The dYdX community, not the Foundation, decided to channel a quarter of the platform’s protocol fees into buying DYDX tokens, according to The Block.

據該街區稱，DYDX社區而不是基金會決定將平台協議費用的四分之一傳遞給購買DYDX代幣。

These purchases will be handled by the Treasury SubDAO with a TWAP strategy, aiming to keep market impact minimal.

這些購買將由美國財政部通過TWAP策略來處理，旨在保持市場影響最小。

After purchase, the program will stake the tokens to validators, further cutting the circulating supply and boosting network security.

購買後，該程序將將令牌存儲給驗證者，進一步削減循環供應並提高網絡安全性。

“This initiative directly links the community's interest to the platform's growth and reinforces the role of the DYDX token in this ecosystem,” said Charles d'Haussy, CEO of the dYdX Foundation.

DYDX基金會首席執行官查爾斯·霍西（Charles D'Haussy）說：“該計劃將社區的興趣與平台的增長聯繫起來，並加強了DYDX代幣在本生態系統中的作用。”

The launch was met with some interesting reactions. DYDX shot up 7-10% to reach $0.76, though it later settled at $0.71, while trading volume soared 270% to $41.1 million.

發射有一些有趣的反應。 DYDX的投籃命中率上升了7-10％，達到0.76美元，儘管後來定居為0.71美元，而交易量則飆升了270％至4110萬美元。

With BTC price above $87,000, altcoins like DYDX often take cues from the broader crypto market.

BTC價格高於87,000美元的價格，DyDX等AltCoins通常會從更廣泛的加密市場中獲得線索。

If April brings a rally, the buyback could fuel an even bigger move in DYDX.

如果四月帶來集會，那麼回購將在DYDX中推動更大的舉動。

However, the impact depends on revenue. dYdX reportedly saw $270 billion in 2024 trading volume, but this year’s numbers might be lower, and volumes vary monthly.

但是，影響取決於收入。據報導，DYDX在2024年的交易量中有2700億美元，但今年的數字可能會較低，而且每月量有所不同。

Some X posts claim buybacks could hit $17.5 million yearly with peak volume, but a quiet month lessens the push.

一些X帖子聲稱，回購每年可能會達到1750萬美元，而峰值量可能會減少推動力。

Staking shrinks supply long-term, but a short-term pump needs strong buying and trader hype.

長期用品縮小供應量，但是短期泵需要強大的購買和交易者炒作。

This ties the community to the platform's growth and reinforces the role of the $DYDX token in this ecosystem.

這將社區與平台的增長聯繫起來，並加強了$ dydx代幣在本生態系統中的作用。

The higher the volume on dYdX, the more fees will be generated, which allows for more tokens to be bought back and staked to dYdX validators.

DYDX上的音量越高，就會產生更多的費用，從而使回購併將其放在DYDX驗證器中。

The initiative is a significant step in decentralized trading platforms engaging directly with their community and economic tokens to foster long-term growth and stability within the cryptocurrency industry.

該倡議是直接與其社區和經濟令牌合作的分散交易平台的重要一步，以促進加密貨幣行業內的長期增長和穩定。

The dYdX community voted to channel 25% of the platform's protocol fees into buying $DYDX tokens on the open market.

DYDX社區投票通過在公開市場上購買$ DYDX令牌的平台協議費用的25％。

The Treasury SubDAO will be handling these purchases with a Time-Weighted Average Price (TWAP) strategy to minimize market impact and buyback tokens in a manner that is designed to be efficient and competitive.

財政部將採用時間加權的平均價格（TWAP）策略來處理這些購買，以最大程度地減少市場影響和回購代幣，以高效和競爭力。

Once purchased, the tokens will be locked in the dYdX protocol and used to stake to validators, reducing the circulating supply of $DYDX and bolstering the network's security.

購買後，代幣將鎖定在DYDX協議中，並用於將其存放到驗證器中，減少$ dydx的循環供應並加強網絡的安全性。

The initiative is a significant one, especially given that it was voted on and passed by the dYdX community. It also serves to highlight the role that community involvement is playing in the development of next-generation decentralized trading platforms.

該倡議是一項重要的，尤其是考慮到它是由DYDX社區投票並通過的。它還強調了社區參與在下一代分散交易平台發展中所發揮的作用。

The dYdX community is also considering increasing the buyback rate to 100% of protocol fees, a move that could further boost the value of the DYDX token.

DYDX社區還正在考慮將回購率提高到協議費用的100％，這一舉動可以進一步提高DYDX令牌的價值。

According to CryptoNews, a proposal to this effect was put forth and is currently being discussed.

根據Cryptonews的說法，提出了有關此效果的建議，目前正在討論。

The initiative to channel 25% of protocol fees into buying back and locking up DYDX tokens was approved in March 2024 and is now being launched.

2024年3月，批准了頻道25％的協議費用渠道收購和鎖定DYDX代幣的計劃，目前正在啟動。

The proposal to increase the buyback rate to 100% of protocol fees was put forth in February 2024 and is currently being discussed by the dYdX community.

2024年2月提出了將回購率提高到協議費用的100％的提議，目前正在DYDX社區討論。

The initiative to channel 25% of protocol fees into buying back and locking up DYDX tokens was approved by the dYdX community in March 2024.

2024年3月，DYDX社區批准了頻道25％的協議費用25％的協議費用的倡議。

The proposal to increase the buyback rate to 100% of protocol fees was put forth by community members and is currently being discussed.

社區成員提出了將回購率提高到協議費用的100％的提議，目前正在討論。

The dYdX community is also considering increasing the buyback rate to 100% of protocol tokesn, a move that could further boost the value of the DYDX token. According to CryptoNews, a proposal to this effect was put forth and is currently being discussed.

DYDX社區還正在考慮將回購率提高到協議Tokesn的100％，這一舉動可以進一步提高DYDX令牌的價值。根據Cryptonews的說法，提出了有關此效果的建議，目前正在討論。

The initiative to channel

渠道的主動性