💡🧠🌏 - The DYDX Buyback program feels right to people across the globe.
😁 @dYdX recently announced an interesting move: starting from March 24, they will use 25% of the protocol's revenue each month to buy back $DYDX. This action is not just about reducing circulation; it also conveys a signal of long-term optimism and commitment to doing things right.
First of all, this operation uses the real money earned by the protocol for the buyback, rather than relying on issuing new tokens to inflate the supply. This approach is actually quite helpful for stabilizing the token's value, avoiding the inflation model, and is more sustainable.
More importantly, dYdX's buyback this time also expresses their confidence in the growth of their platform. The larger the platform, the more revenue the protocol generates, and the buyback can increase accordingly, creating positive incentives for the entire $DYDX ecosystem.
From the community's perspective, this mechanism can also enhance consensus. Holding the tokens not only allows you to look forward to future price increases, but you can also feel that the project team is taking responsibility for the token holders through their actions.
Many people often say, "projects need to have long-termism," but few actually implement it. dYdX's move this time can be seen as a practical example of long-termism, which is worth paying attention to. Backpack

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