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.