dYdX Governance Approves Increase in Token Buyback Allocation to 75%

The dYdX protocol has approved a governance proposal to allocate 75% of net protocol revenue toward DYDX token buybacks, up from 25%. The measure passed with 59.38% approval on November 13 and aims to enhance value capture for token holders. The decision comes as the platform prepares to launch spot trading services for US users by year-end.