標題：DYDX啟動了第一個DYDX回購程序

該計劃的功能可提高DYDX系統中的令牌信譽。該平台通過系統的DYDX令牌購買實現了長期的可持續性

Decentralized exchange dYdX has begun its first-ever DYDX buyback program. Starting April 1, 25% of net protocol fees will be used to purchase DYDX tokens from the open market every month. The initiative functions to strengthen the role of the token within the dYdX ecosystem.

分散的交易所DYDX已開始了有史以來第一個DYDX回購計劃。從4月1日開始，每月將使用25％的淨協議費來從公開市場上購買DYDX令牌。該計劃的功能可以增強令牌在DYDX生態系統中的作用。

This integration allows the platform to achieve long-term sustainability through systematic DYDX token purchases and stakeholder deployments. The buyback program marks a crucial development in dYdX’s token operating system. Protocol revenue previously distributed its entire amount to members of the ecosystem.

這種集成使平台可以通過系統的DYDX代幣購買和利益相關者部署來實現長期的可持續性。回購計劃標誌著DYDX令牌操作系統的關鍵發展。協議收入先前將其全部金額分發給了生態系統成員。

A new structured buyback system allows the DYDX token to gain benefits directly from protocol success. The updated revenue distribution model operates through Treasury SubDAO allocation of 10% while MegaVault receives 25% and both the buyback program gets 25% and staking rewards secure 40%. Both governance functions and network expansion benefits from this strategic investment model of funds reinvestment.

一個新的結構化回購系統允許DYDX令牌直接從協議成功中獲得收益。更新的收入分銷模型通過美國國庫單案分配為10％，而Megavault則獲得25％，而兩個回購計劃都獲得25％，並且Stricking Rewards可肯定40％。治理功能和網絡擴展都受益於這種資金再投資的戰略投資模型。

Critical period for dYdX arrives because the buyback program adds support to its ongoing service expansions. The platform expands with EVM support and multi-asset margining and spot trading capabilities made possible through IBC Eureka. Multiple upgrades presently underway at the decentralized exchange will introduce a fresh influx of traders according to expectations.

DYDX的關鍵時期到來是因為回購計劃為其正在進行的服務擴展增加了支持。該平台隨著IBC Eureka提供了EVM支持和多資產利潤率和現貨交易功能的擴展。目前，分散交易所正在進行的多次升級將根據預期引入新的交易者湧入。

The main features of dYdX Unlimited entered public availability beginning in November 2024 while enhancing user trading benefits. The launch of the new mobile trading application took place in February 2025. DYdX demonstrated its market growth through its $270 billion trading volume while earning $46 million in net protocol fees in 2024.

DYDX Unlimited的主要功能從2024年11月開始在增強用戶交易效益的同時，進入了公共可用性。新移動交易申請的啟動於2025年2月進行。 DYDX通過其2700億美元的交易量展示了其市場增長，同時在2024年獲得了4,600萬美元的淨協議費用。

This initiative demonstrates its effects on both DYDX token distribution and its future value retention. The current total token unlock reached 85% by March 1, 2025 while the emission rate will cut by 50% during June 2025. All releases of tokens will finish by June 2026. Regular token buybacks together with decreased new emission levels might result in token market stability and potentially rising value during the mentioned period.

該計劃表明了它對DYDX代幣分佈及其未來價值保留的影響。目前的令牌解鎖到2025年3月1日達到85％，而在2025年6月的排放率將降低50％。所有令牌的發行率都將在2026年6月之前完成。定期的代幣回購以及新的排放水平降低可能會導致代幣的市場穩定性，並在上述期間內降低。

The dYdX Layer 1 network launched in 2023 as a dedicated blockchain platform that significantly influenced DYDX token development. The total supply of tokens includes 86% located on the dYdX Chain alongside 14% still stored on Ethereum as ethDYDX. The dYdX Community has suggested discontinuing cross-chain bridge service in June 2025 which will eliminate all unbridged ethDYDX supply from circulation. The deadline approaches so token holders need to perform token bridging.

DYDX 1層網絡於2023年推出，是一個專用的區塊鏈平台，該平台極大地影響了DYDX令牌開發。代幣的總供應包括位於DYDX鏈上的86％，還有14％仍在以太坊上存儲為Ethdydx。 DYDX社區建議在2025年6月停用跨鏈橋服務，這將消除所有未框架的Ethdydx供應。截止日期臨近，因此令牌持有人需要執行令牌橋接。

Community governance served as the mechanism to introduce all major decisions in the dYdX ecosystem including the introduction of the buyback program. Numerous discussions have begun to explore increasing buyback distribution to use 100% of net protocol fees. A release of this change would speed up the reduction of circulating tokens while simultaneously boosting network security.

社區治理是在DYDX生態系統中引入所有主要決定的機制，包括引入回購計劃。許多討論已經開始探索不斷增加的回購分配，以使用100％的淨協議費用。此更改的發布將加快減少循環令牌，同時提高網絡安全性。

The long-term strategy of dYdX becomes feasible through their strong financial support and ongoing innovation and dedicated community network. The platform demonstrates its dedication to constructing a sustainable decentralized trading ecosystem through its buyback program.

通過強大的財務支持和持續的創新和專門的社區網絡，DYDX的長期戰略變得可行。該平台展示了通過其回購計劃構建可持續分散交易生態系統的奉獻精神。