Overview
- Proposal #313 passed with roughly 59.38% support in a community governance vote.
- Effective immediately, 75% of net protocol fees will fund open-market DYDX repurchases.
- The previous 25% allocation to buybacks is replaced, with 5% now routed to the Treasury SubDAO and 5% to the MegaVault.
- Backers describe the move as a tokenomics refinement following a March buyback launch and scheduled emission declines in June.
- Market watchers anticipate sustained purchase pressure and possible supply reduction, with results dependent on buyback execution and fee generation.