dYdX has initiated a governance vote to allocate 75% of its protocol revenue for repurchasing DYDX tokens from the open market. This proposal aims to enhance token value and liquidity. Additionally, 5% of the revenue is earmarked for the Treasury subDAO to support ecosystem development, while another 5% is designated for the Megavault to provide staking rewards. The voting process is set to conclude on July 13 at 12:20 p.m. UTC.
dYdX Proposes Major Revenue Allocation for Token Buybacks
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