The dYdX Foundation announced that the dYdX community has voted to approve the proposal to "allocate 75% of protocol revenue to DYDX buybacks." Effective immediately, 75% of dYdX protocol fees will be used to repurchase DYDX tokens on the open market. The proposal also stipulates that 5% of protocol revenue will be allocated to the Treasury SubDAO and another 5% to the MegaVault. https://t.co/FB0cBuJ9sN ...

According to Etherscan, after nearly four months of inactivity, dYdX: Rewards Treasury burned 24.066 million DYDX tokens today at 13:13, worth approximately $15.7 million. To date, around 123 million DYDX tokens have been burned, with a total burn value of approximately $79.42 million. https://t.co/TkDgS9lTHN ...