About Nethermind Research Nethermind DeFi Research provides technical research and advisory services to venture capital firms, hedge funds, and protocol teams. Our focus areas include protocol due diligence, quantitative modeling, tokenomics design, and risk analysis. All outputs are grounded in cry…

I agree - burning should be part of buybacks. The circulating supply must be minimised. Also the approach towards rewarding should be changed completely - to some points OR fees reducing schema (the more you trade - the less are the fees) or so. Otherwise we are just doing buybacks of the tokens wh…

[image] Stakecito Labs: If higher buybacks and burns lead to a higher DYDX price We shouldn’t plan the long term strategy of dYdX based on pure speculation. Buybacks were introduced around March this year and since then the DYDX token price dropped by over 50%. It is worrying to see many tryi…

Sharing this here as well from the other discussion : The Treasury SubDAO executes the Buy & Stake program approved by the DAO (stage 1 & 2 ) — buying DYDX (open market + OTC) and staking it with validators, increasing the delegated stake and strengthening the network security. Execution results (la…

[image] KPK: At present, 25% of dYdX protocol revenue is allocated to DYDX Buybacks, resulting in roughly $386k/month in realised purchases (3-month average). So currently with 25% revenue share for buybacks it was around $386k/month for buybacks while the Treasury subDAO in your buy & stake …

the best way its to increase the staking by 10% and the buyback by 25%. 50% buyback 50% staking rewards 0% treasury 0% mégavault We are increasing the revenue for stakers on one hand, and reducing the amount of DYDX available on the market, which then ends up being staked with our validators. I…

So to summarise, we have 2 buybacks happening in parallel at this moment: With the 25% revenue share for buybacks, this equates to about $386k per month spent on buying back DYDX tokens. (This is based on approximate annual revenue of ~$20M, though exact figures fluctuate with trading volume.) …

Additional thoughts on “95% to stakers, 5% to Treasury” model: The Treasury’s 5% allocation, though smaller, could be amplified so that with higher yields, the Treasury’s staked holdings earn more rewards, which can be reinvested into buying more DYDX (compounding effect ish).

[image] staza: Separately, the Treasury subDAO’s “buy & stake” program spent around $700k per month on buybacks. This program uses Treasury funds to buy DYDX tokens and then stake them. It’s effectively an additional buyback mechanism, but the bought tokens are staked rather than distributed. Th…

Why did you put the proposal onchain in a rush and so unprofessionally without addressing all the valid arguments and concerns? @KPK @staza @RealVovochka and many others presented clear arguments against this proposal and why it puts at risk the integrity and security of dYdX affecting very negative…

Also, I would study Uniswap’s recent proposal which involves activating fee switch to divert a portion of protocol swap fees toward benefiting UNI token holders. However, this is not through direct revenue sharing. Instead, the fees are routed to a smart contract called the “token jar,” where UNI h…

[DRC] Revenue Share on dYdX

Proposals

staza November 22, 2025, 6:03pm 41

@nethermind We have a major unstaking event happened right after this proposal passed - 10M tokens will be unstaked on 11.12.
The effect of no term changes which you purposed must be analyzed in a greater details.

https://analytics.smartstake.io/dydx

2 Likes

DRC to return DYDX token's yield utility [Discussion]

Topic		Replies	Views
80% of fees to buybacks for 3 months Proposals community-input , drc	75	1747	November 7, 2025
Analysis and Proposals on dYdX Chain and DYDX Tokenomics: Protocol Revenue Distribution Proposals	4	1047	December 3, 2024
DRC to return DYDX token's yield utility [Discussion] Proposals drc	47	1030	December 19, 2025
[DRC] dYdX Treasury SubDAO DYDX Buyback Program Proposals	8	1704	March 13, 2025
A new 50/50 allocation between Stakers and Buybacks to amplify DYDX’s impact. Governance/DAO Discussions	3	209	October 28, 2025

[DRC] Revenue Share on dYdX

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