DYDX启动了首届回购计划，分配了25％的净协议费用来回购DYDX令牌

这一战略举动将该平台的净协议费用的25％分配为从公开市场每月回购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已发起了首次回购计划，将该平台的25％的净协议费用转移到每月从公开市场上回购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.

该计划由DYDX社区投票并通过，将看到美国财政部使用时间加权的平均价格（TWAP）策略以旨在最大程度地减少市场影响的方式来回购DYDX代币。

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.

购买后，代币将锁定在DYDX协议中，并用于将其存放到验证器中，减少DYDX的循环供应并加强网络的安全性。

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

此举是因为交易者敏锐地观察了发展的发展，并猜测了其对DyDX 4月份价格的潜在影响。

How the dYdX Crypto Buyback Works and Affects the Market

DYDX加密回购如何有效和影响市场

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.

据该街区称，DYDX社区而不是基金会决定将平台协议费用的四分之一传递给购买DYDX代币。

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

这些购买将由美国财政部通过TWAP策略来处理，旨在保持市场影响最小。

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

购买后，该程序将将令牌存储给验证者，进一步削减循环供应并提高网络安全性。

“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基金会首席执行官查尔斯·霍西（Charles D'Haussy）说：“该计划将社区的兴趣与平台的增长联系起来，并加强了DYDX代币在本生态系统中的作用。”

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.

发射有一些有趣的反应。 DYDX的投篮命中率上升了7-10％，达到0.76美元，尽管后来定居为0.71美元，而交易量则飙升了270％至4110万美元。

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

BTC价格高于87,000美元的价格，DyDX等AltCoins通常会从更广泛的加密市场中获得线索。

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

如果四月带来集会，那么回购将在DYDX中推动更大的举动。

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，影响取决于收入。据报道，DYDX在2024年的交易量中有2700亿美元，但今年的数字可能会较低，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帖子声称，回购每年可能会达到1750万美元，而峰值量可能会减少推动力。

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

长期用品缩小供应量，但是短期泵需要强大的购买和交易者炒作。

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

这将社区与平台的增长联系起来，并加强了$ dydx代币在本生态系统中的作用。

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，就会产生更多的费用，从而使回购并将其放在DYDX验证器中。

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.

该倡议是直接与其社区和经济令牌合作的分散交易平台的重要一步，以促进加密货币行业内的长期增长和稳定。

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

DYDX社区投票通过在公开市场上购买$ DYDX令牌的平台协议费用的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.

财政部将采用时间加权的平均价格（TWAP）策略来处理这些购买，以最大程度地减少市场影响和回购代币，以高效和竞争力。

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.

购买后，代币将锁定在DYDX协议中，并用于将其存放到验证器中，减少$ dydx的循环供应并加强网络的安全性。

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.

该倡议是一项重要的，尤其是考虑到它是由DYDX社区投票并通过的。它还强调了社区参与在下一代分散交易平台发展中所发挥的作用。

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社区还正在考虑将回购率提高到协议费用的100％，这一举动可以进一步提高DYDX令牌的价值。

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

根据Cryptonews的说法，提出了有关此效果的建议，目前正在讨论。

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，批准了频道25％的协议费用渠道收购和锁定DYDX代币的计划，目前正在启动。

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月提出了将回购率提高到协议费用的100％的提议，目前正在DYDX社区讨论。

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社区批准了频道25％的协议费用25％的协议费用的倡议。

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

社区成员提出了将回购率提高到协议费用的100％的提议，目前正在讨论。

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社区还正在考虑将回购率提高到协议Tokesn的100％，这一举动可以进一步提高DYDX令牌的价值。根据Cryptonews的说法，提出了有关此效果的建议，目前正在讨论。

The initiative to channel

渠道的主动性