Key Notes

The protocol could repurchase up to 5% of total supply annually at current prices, creating sustained buying pressure.

Historical DeFi buyback announcements show tokens outperform by 13.9% on average following such decisions.

MegaVault's negative 16.7% returns prompted the reallocation, with 59.38% community approval backing the strategic shift.

The DYDX community has passed a governance vote to redirect most protocol revenue toward buying back DYDX tokens. Starting on Nov. 13, 2025, 75% of fees will fund open-market repurchases, up from the 25% set earlier in 2025.

Based on a report from Nethermind Research posted on the dYdX governance forum, the move aims to create buying pressure and address token price weakness. Nethermind, which received a grant from dYdX to analyze

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