DYDX啟動代幣回購計劃，將花費25％的淨協議費來回購DYDX令牌

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用的25％用於回購DYDX令牌

DeFi protocol dYdX has announced the launch of a token buyback program.

DEFI協議DYDX已宣布啟動代幣回購計劃。

The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market. In an announcement today, the protocol stated that the move would reinforce confidence in the token.

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。該協議在今天的公告中指出，此舉將增強對令牌的信心。

According to dYdX, the acquired tokens would be used for staking to improve network security, which aligns with the token’s significant role in the protocol ecosystem.

根據DYDX的說法，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。

With the platform facing declining revenue this year, the news of revenue going towards token buyback could be the boost it needs to rebound. It said: “This initiative marks a significant milestone for dYdX tokenomics, further aligning platform growth with the role of the DYDX token in the ecosystem.”

由於今年收入的平檯面臨下降，朝代幣回購的收入消息可能是反彈所需的推動力。它說：“該計劃標誌著DYDX令牌學的重要里程碑，將平台增長與生態系統中的DyDX令牌的作用相結合。”

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

同時，該公告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了生態系統參與者。

With the Buyback program, 40% of the revenue will now go towards staking rewards, 25% for MegaVault, its USDC liquidity program, and 10% for the Treasury SubDAO.

通過回購計劃，現在有40％的收入將用於存放獎勵，Megavault的25％，其USDC流動性計劃和10％的財政部子公司。

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.

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.

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。

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.

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。

dYdX set to launch new products as part of its evolution

DYDX將作為其發展的一部分推出新產品

Meanwhile, the token buyback is merely one of the many initiatives the decentralized derivatives trading protocol has planned. In its announcement, it noted new innovations under development, including Spot Trading, EVM support, and Multi-asset Margining.

同時，代幣回購只是分散衍生品交易協議計劃的眾多倡議之一。它在公告中指出了正在開發的新創新，包括現貨交易，EVM支持和多資產利潤率。

All these products are designed to boost the protocol’s adoption, which has seen its total value locked (TVL) drop to $279 million from its peak of $1.12 billion. 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.

所有這些產品旨在提高協議的採用，從而使其總價值鎖定（TVL）從11.2億美元的高峰降至2.79億美元。導致TVL下降的因素之一是決定在2023年從以太坊轉移到自己的Layer-1網絡。

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.

儘管現在有86％的令牌供應在DYDX L1網絡上，但尚未從以太坊中橋接14％。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。