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- 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event - 5 Days Left!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Developers of the Surprise Altcoin Announced the Completion of the Token Buyback Program!
The dYdX Foundation announced that it has bought back a total of 2.86 million DYDX tokens as part of the buyback program it launched in March, with these purchases totaling a value of 1.87 million dollars.
In the next buyback round within the scope of the program, 593,570 DYDX will be acquired, and all of these tokens will be used for staking purposes.
As a reminder, in its announcement on March 24, 2025, dYdX stated that it would use 25% of the net transaction fees generated by the protocol each month for the buy out of DYDX from the market.
The buyback program was initiated by the Treasury SubDAO, a subsidiary of the dYdX Treasury, and implemented in accordance with proposal number (231 approved by community vote. The DYDX tokens purchased under the program are staked to support network security.
The dYdX ecosystem, which has generated a total of 5.05 million dollars in protocol fees, allocated 25% of this revenue for buybacks. So far, 1.25 million DYDX tokens obtained from buybacks have been staked, bringing the total amount of DYDX staked across the network to 295.39 million. With the program, the annual estimated return of DYDX tokens is )APY#225 ve # at 3.08%.