The dYdX community has proposed a three-month trial in which 100% of the protocol fees will be used for DYDX buybacks.

The dYdX community has proposed a three-month trial from November 1, 2025 to January 31, 2026, to use 100% of the net transaction fees on the dYdX chain for DYDX buybacks to boost the token's value. During this period, validator and staker rewards will be paid from the community treasury to maintain network security and prevent fee dilution. This proposal aims to test higher price-to-earnings ratios and market capitalization efficiency, and will automatically revert to the original allocation after the trial. It is expected that approximately $5 million to $10 million worth of DYDX tokens will be repurchased over the three months. Community feedback will be incorporated into the formal governance proposal, which is scheduled to be submitted on November 3.