dYdX Foundation Announces Progress on DYDX Buyback Initiative

According to BlockBeats, the dYdX Foundation reported that since the approval of the proposal on November 13 to allocate 75% of protocol revenue for DYDX buybacks, approximately 7.5 million DYDX tokens have been repurchased, totaling around $1.35 million. The next phase will involve the buyback of 1.78 million DYDX tokens.