DYDX DYDX announced the first program to purchase the distinctive symbol on March 24, with the aim of re -investing in its ecosystem to enhance security and governance.
According to advertisement25 % of the net protocol fees will be allocated for the monthly DydX re -purchases (DYDX (DYDX)Dydx) A symbol in the open market.
After this announcement, DYDX rose by more than 10 % and was trading at about $ 0.731 at the time of writing this report, according to Coingecko. The distinctive symbol has gained more than 21 % in the past two weeks.
DYDX Nails on Re -purchase news. source: Coingecko
Related to: DYDX explores the sale of derivative trading arm
New DYDX distribution form
Previously, DYDX distributed 100 % of the platform revenues to the ecosystem participants. Under the new customization model, 25 % will be used in symbolic repurchase operations, another 25 % of the USDC, MegavauT liquidity program will be funded, 10 % will be directed to its wardrobe, and the remaining 40 % will continue as vibrant rewards.
Dydx noted that the current 35 % allocation of symbolic purchases may increase, with the continuous community discussions that are likely to push this percentage to 100 % over time.
Related to: The stages of the Defi Market Return with increased derivatives
The platform currently contains a closed total value (TVL) of $ 279 million, According to To Devilia. Revenue has achieved $ 1.29 million in February and $ 1.09 million in March.
Avatar re -purchases get 25 % of the revenues, which have decreased. Source: Devillama
“Davi Festival” is waiting for the summer to finish
The Defi industry usually indicates the Defi summer for 2020 as a standard, characterized by the rapid user growth driven by the applications of revenue and decentralized applications.
in A recent interview with cointelegraphCharles de House, CEO of Dydx Foundation, predicted that the next Defi mutation will happen shortly after the summer, and may have started early in September and permanent “months and months”.
DYDX was in mid -2012 in the first place as the DEFI platform For immediate trading, lending, borrowing and margin circulation. Its popularity emerged in 2021 after the launch of its future exchange in the second layer and the introduction of its original DYDX symbol.
In the 2024 ecosystem report, Dydx It is expected that the decentralized derivative market will expand To $ 3.48 trillion by 2025, up from $ 1.5 trillion in derivatives treated by decentralized stock exchanges (Dexs) in 2024.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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