COINOTAG News reports that, on December 31, the dYdX Foundation confirmed progress following the November 13 vote to allocate 75% of Protocol Revenue to the DYDX buyback program.
The foundation disclosed that cumulative purchases total approximately 7.5 million DYDX tokens, representing roughly $1.35 million in aggregate value.
Looking ahead, the next scheduled tranche targets the acquisition of about 1.78 million DYDX tokens, signaling a continued emphasis on supply-side management within the token buyback initiative.
Industry observers state the policy is designed to align incentives and reinforce governance and liquidity within the dYdX ecosystem.
Source: https://en.coinotag.com/breakingnews/dydx-foundation-buys-7-5-million-dydx-worth-1-35m-announces-next-1-78-million-dydx-buyback
