dYdX community approves proposal to increase "protocol fee buyback ratio from 25% to 75%"
ChainCatcher reported that the decentralized trading platform dYdX announced, according to the results of a community vote, that the proportion of protocol fees used for repurchasing $DYDX tokens will be increased from 25% to 75%. This policy has taken effect today, which means that 75% of the fees collected by the protocol will now be directly used to repurchase DYDX tokens on the open market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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