Sure, here is a set of bullet points summarizing the key facts: – DYDX governance vote redirects 75% of fees to token buybacks. – Implementation starts on November 13, 2025. – The proposal received 59.38% approval. – Aims to address token price weakness and create buying pressure. – Historical buyback announcements led to average 13.9% token gains. – Current DYDX price: $0.32, up 4% in the last 24 hours. – Nethermind Research references MegaVault’s negative returns as a factor. – Unanswered question remains if bought-back tokens will be burned or stored.

The DYDX community approved a governance vote to increase protocol revenue allocation for buying back DYDX tokens from 25% to 75%, effective November 13, 2025. This aims to create market pressure and address token price weakness.

Nethermind Research identified MegaVault's negative returns as a reason for reallocating funds.
The protocol could potentially repurchase up to 5% of total supply annually at current prices.
Historical data suggests DeFi buyback announcements typically result in an average 13.9% token performance increase.

The vote received 59.38% approval with over 89 million DYDX tokens supporting the change.

An unanswered question remains on whether repurchased tokens will be burned or held in a treasury account.

Context and Comparisons

This move follows dYdX’s experimental buyback plan announced recently.
Similar strategies are being pursued by other DeFi projects like ether.fi and Aave.
Uniswap has also seen positive market reactions following governance proposals.

As of now, DYDX trades at $0.32, down 75% year-over-year but up 4% in the last 24 hours. Analysts suggest that the buyback could help reduce supply pressure and aid in token recovery if revenue stays around $20 million annually.