dYdX Chain cumulatively spends nearly $1.9 million in fees to acquire and stake 2.8M tokens under 'buyback program'
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Quick Take
- dYdX Chain has been repurchasing and staking its native tokens using protocol revenue under a governance-approved program launched in March.
- To date, $1.88 million in fees has been utilized to purchase 2.87 million DYDX tokens, all of which have been staked with validators on the dYdX Chain.
dYdX is redirecting trading fees to buy back and stake DYDX tokens, creating a self‑reinforcing loop that cuts supply, and links revenue to token demand.
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