DYDX（DYDX）代币回购计划启动了，旨在重新投资其生态系统

分散的金融（DEFI）交易平台DYDX于3月24日宣布了其第一个代币回购计划，旨在重新投资其生态系统

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem and enhance security and governance.

分散的金融（DEFI）交易平台DYDX于3月24日宣布了其第一个代币回购计划，旨在重新投资其生态系统并增强安全性和治理。

According to the announcement, 25% of the protocol’s net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market.

根据该公告，该协议的净费用中有25％致力于在公开市场上每月回购其本地Dydy（DYDX）代币。

Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko. The token has gained more than 21% over the past two weeks.

宣布之后，DyDX飙升了10％以上，并在撰写本文时的交易约为0.731美元。在过去的两周中，令牌上涨了21％以上。

DYDX spikes on buyback news. Source: CoinGecko

dydx在回购新闻中尖峰。资料来源：Coingecko

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New dYdX distribution model

新的DYDX分销模型

Previously, dYdX distributed 100% of its platform revenue to ecosystem participants. Under the new allocation model, 25% will be used for token buybacks, another 25% will fund its USDC liquidity provision program, MegaVault, 10% will be directed to its treasury, and the remaining 40% will continue as staking rewards.

此前，DYDX将其平台收入的100％分配给了生态系统参与者。在新的分配模型下，将有25％用于代币回购，另外25％将资助其USDC流动性提供计划，Megavault，10％将直接用于其财政部，其余40％将继续作为Stage Rewards继续。

dYdX noted that the current allocation of 25% to token buybacks could increase, with ongoing community discussions potentially pushing this percentage to as high as 100% over time.

DYDX指出，目前对代币回购的25％的分配可能会增加，随着时间的推移，持续的社区讨论可能会将这一百分比提高到100％。

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The platform currently holds a total value locked (TVL) of $279 million, according to DefiLlama. It generated $1.29 million in revenue from fees in February and $1.09 million so far in March.

根据Defillama的数据，该平台目前的总价值锁定为2.79亿美元。它从2月的费用中获得了129万美元的收入，到目前为止，该收入为109万美元。

Token buybacks get 25% of revenue, which has been dropping. Source: DefiLlama

代币回购获得了25％的收入，这已经下降了。资料来源：Defillama

‘DeFi festival’ waits for summer to end

“ Defi Festival”等待夏天结束

The DeFi industry commonly references the DeFi summer of 2020 as a benchmark, characterized by rapid user growth driven by yield farming and decentralized applications.

Defi行业通常将2020年夏季的Defi引用为基准，其特征是用户生长迅速，由产量耕作和分散应用程序驱动。

In a recent interview with Cointelegraph, dYdX Foundation CEO Charles d’Haussy predicted that the next significant DeFi boom would occur shortly after summer, potentially beginning as early as September and lasting “months and months.”

DYDX基金会首席执行官Charles D'Haussy在最近接受Cointelegraph的采访中预测，下一个重大的Defi Boom将在夏季后不久发生，可能早在9月开始，持续到“几个月和几个月”。

dYdX existed in mid-2020 primarily as a DeFi platform for spot trading, lending, borrowing, and margin trading. Its popularity popped in 2021 following the launch of its layer-2 perpetual futures exchange and the introduction of its native DYDX token.

DYDX在2020年中期存在于2020年中，主要是用于现货交易，贷款，借贷和保证金交易的Defi平台。它的受欢迎程度在2021年推出了2层永久期货交换和引入本机DYDX代币之后爆发。

In its 2024 ecosystem report, dYdX projected that the decentralized derivatives market would expand to $3.48 trillion by 2025, up from $1.5 trillion in derivatives volume processed by decentralized exchanges (DEXs) in 2024.

DYDX在其2024年的生态系统报告中预计，分散的衍生品市场将扩大到2025年的3.48万亿美元，高于2024年分散交易所（DEX）处理的1.5万亿美元的衍生品数量。

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