The post dYdX CEO Charles d’Haussy on Buybacks, Staking & Ecosystem appeared on BitcoinEthereumNews.com.

dYdX has announced its first-ever buyback program, committing 25% of protocol fees to buy DYDX on the open market. Based on last year’s revenue numbers, that could amount to over 11M in DYDX purchased per year.  In an exclusive interview, Charles d’Haussy, CEO of the dYdX Foundation, provided his view on the community initiative and shed light on exciting developments coming to the dYdX ecosystem, such as Wallet Integrations and the potential for Spot Trading, Multi-Asset Margining, and EVM Support.  (Disclaimer: The dYdX Foundation does not control, direct, or execute the buyback process. Instead, the buyback is driven and governed by the community.)  Understanding the Buyback Program: A Long-Term Commitment To The DYDX Token The Buyback program follows a “Buy & Stake” model. Here, 25% of net protocol revenue is allocated to repurchasing DYDX tokens and staking them to validators. This structure helps reduce the active circulating supply and strengthens the dYdX Chain’s security. “The Buyback Program is designed to align the interests of the dYdX community with the long-term growth of the dYdX protocol while enhancing network security. By allocating a portion of net protocol revenue—initially 25%—to buybacks, the dYdX community has voted to reinforce the DYDX token as a central part of the ecosystem,” Charles d’Haussy emphasized. This structured, systematic buyback program shows confidence in dYdX’s revenue model and future growth.  The protocol will consistently reinvest its earnings into the ecosystem by implementing a predictable, monthly buyback strategy. This will help improve the connection between protocol growth (270 billion trading volume in 2024) and the community, all while improving network security. The first-ever $DYDX Buyback Program is here 🚨 Starting today, 25% of dYdX net protocol fees will be used to buy back DYDX tokens from the open market every month—reinforcing long-term commitment to the ecosystem. More products. More…

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Filed under: News - @ March 25, 2025 6:26 am