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The dYdX community has launched a DYDX token buyback plan, using 25% of the protocol's revenue for the buyback, with DYDX rising over 10% in a short time.
PANews March 24 news, the dYdX community launched its first DYDX Token buyback plan, with 25% of the protocol's net income allocated for the buyback plan. Although the initial allocation uses 25% of the net protocol income for the buyback, the community is discussing the possibility of increasing this proportion to 100%. As a result of this news, DYDX rose more than 10% temporarily.