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dYdX Launches Token Buyback Program, Prices Booming

  • dYdX has introduced a buyback program to repurchase $DYDX tokens using 25% of net protocol fees.
  • The announcement resulted in a 10% price surge for $DYDX, reflecting market optimism about the token's future value.
  • The buyback program aims to strengthen the ecosystem and benefit token holders as the protocol expands with additional features.
  • The program's initial 25% allocation could increase in the future, potentially leading to decreased circulation of tokens and increased network security.

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