DYDX启动代币回购计划，将花费25％的净协议费来回购DYDX令牌

DEFI协议DYDX已宣布启动代币回购计划。该协议计划将其净协议费用的25％用于回购DYDX令牌

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

DEFI协议DYDX已宣布启动代币回购计划。

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.

该协议计划将其净协议费的25％用于从公开市场上回购DYDX令牌。该协议在今天的公告中指出，此举将增强对令牌的信心。

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.

根据DYDX的说法，获得的代币将用于积分来提高网络安全性，这与令牌在协议生态系统中的重要作用相符。

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.”

由于今年收入的平台面临下降，朝代币回购的收入消息可能是反弹所需的推动力。它说：“该计划标志着DYDX令牌学的重要里程碑，将平台增长与生态系统中的DyDX令牌的作用相结合。”

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.

同时，该公告还详细介绍了协议收入的全部分配，并指出过去一年中所有收入已分配给了生态系统参与者。

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.

通过回购计划，现在有40％的收入将用于存放奖励，Megavault的25％，其USDC流动性计划和10％的财政部子公司。

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.

该公告指出，分配结构确保协议产生的所有收入都将重新投资到生态系统中，以提高其安全性和治理，并确保其长期可持续性。它补充说，分配给回购的百分比可能会在后来增加到100％。

DYDX surges 8% after news of buyback

回购消息后，dydx飙升了8％

Following news of the buyback, the DYDX token saw an almost 8% increase in value, taking its price to $0.715.

在回购的消息之后，DYDX代币的价值增长了近8％，其价格为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.

对于今年大部分时间都在努力的代币而言，这是一个可喜的发展，目前逐年下跌51％。 Coingecko数据显示，令牌比其高峰价格$ 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，采用回购的举动与当今Defi行业的共同趋势保持一致，其中多个项目修改了他们的标记学以启用令牌回购计划。

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.

领先的贷款协议AAVE正在努力实施适应性学，其中包括一个回购计划，该计划将使该协议每周购买价值100万美元的AAVE代币，持续六个月。其他项目，包括Hypliquid，Jupiter和UnisWap，还计划启动类似的程序。

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.

兴趣并不完全令人惊讶，因为代币回购对代币产生了持续的需求，通常会导致代币循环供应的价格上涨和降低。尽管对这种做法也有一些批评，但加密货币行业中的许多人认为这是任何项目的看涨标志。

dYdX set to launch new products as part of its evolution

DYDX将作为其发展的一部分推出新产品

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.

同时，代币回购只是分散衍生品交易协议计划的众多倡议之一。它在公告中指出了正在开发的新创新，包括现货交易，EVM支持和多资产利润率。

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.

所有这些产品旨在提高协议的采用，从而使其总价值锁定（TVL）从11.2亿美元的高峰降至2.79亿美元。导致TVL下降的因素之一是决定在2023年从以太坊转移到自己的Layer-1网络。

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.

尽管现在有86％的令牌供应在DYDX L1网络上，但尚未从以太坊中桥接14％。这些剩下的令牌的持有人可能需要在2025年6月之前结束对以太坊跨链桥的支持，以迅速采取行动。