DYDX介绍了令牌回购计划，以增强网络安全并增强实用性

根据3月24日的公告，该协议表示，将分配其每月净费用的25％，以从公开市场购买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推出了一个令牌回购计划，以增强网络安全性并增强其本地令牌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.

根据3月24日的公告，该协议表示，将分配其每月净费用的25％，以从公开市场购买DYDX令牌。这些令牌将被放置，以直接提高网络的弹性。

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，回购分配将来可能会扩大，如果该计划成功，则可能达到协议收入的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：“如果该计划的运行良好，我们可能会增加回购，以索取该协议的所有积分和网络安全收入。”

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.

该倡议与卫生部门的更广泛趋势保持一致，在该领域，平台正在寻求增强其令牌效用和稳定性。诸如AAVE和木星之类的著名违规协议也正在尝试回购，以改善其令牌实用程序和市场绩效。

Revenue distribution model

收入分配模型

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

同时，回购计划还促使DYDX的收入分销模式进行了改组。

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将索取总收入的40％，而最近引入的Megavault和回购计划将分别获得25％。其余的10％将用于财政部的财政部，这是一个负责财务可持续性和长期增长的实体。

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

宣布这一消息后，DYDX代币价格上涨了8％以上，交易约为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，尽管最近获得了收益，但DYDX仍显着低于其历史最高近14.83美元，约为78％的下降。

DYDX tokenomics

dydx tokenomics

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

此回购公告是在DyDX的标记学发展中的关键时刻。

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

该协议解释说，其社区已于2023年成功地从以太坊过渡到其自定义的第1层区块链DYDX链。

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

活动之后，其代币的大约86％位于新网络上。但是，作为Ethdydx令牌，大约有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.

由于这种情况，该项目一再敦促用户在2025年6月之前迁移其Ethdydx令牌，届时以太坊桥梁可能会停产。如果不这样做可能会导致无主动的代币。

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，该分散协议表示，它已经解锁了约85％的DYDX令牌供应。从2025年6月开始，令牌排放量将下降50％，最终解锁定于2026年6月。