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Posted: 2025-05-14 08:37:33 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-14 08:39:53 UTC
Verified By
Rollup News
The dYdX team is conducting token buybacks, using 25% of the protocol's net fees to purchase dYdX tokens on the open market to strengthen network security, leading to optimism about the token's value increasing due to the platform's profitability.
dYdX token buybacks using 25% of protocol fees
Strengthening of network security through buybacks
Potential increase in token value due to platform profitability
Initial negative chart outlook