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dYdX Token Price Rises After the Introduction of Buy Back Program 

  • dYdX has introduced a Buyback Program, allocating 25% of fees to buy and stake its tokens to enhance security and utility.
  • dYdX Token price rose 7% to $0.72 following the news, boosting investor confidence in the token.
  • The Buyback Program aims to improve network security and strengthen dYdX tokenomics.
  • Discussions are ongoing to increase the percentage of net fees used for buybacks from 25% to 100%.

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