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Will dYdX Buyback Program Pump DYDX Crypto In April?

  • dYdX, a decentralized trading platform, has launched a buyback initiative to repurchase DYDX tokens from the market.
  • The program allocates 25% of net protocol fees, potentially repurchasing $11 million worth of DYDX tokens annually.
  • The buyback utilizes a Time-Weighted Average Price strategy and stakes the tokens to validators, cutting circulating supply and reinforcing network security.
  • Future upgrades and a potential increase in the buyback rate to 100% could further impact the value of DYDX crypto.

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