dYdX Foundation: Since the launch of the buyback program, a total of $1.87 million worth of DYDX tokens have been repurchased

ChainCatcher news, according to a tweet from the dYdX Foundation, since the launch of the DYDX buyback program in March, 2.86 million DYDX tokens have been repurchased, worth 1.87 million USD. The next round will repurchase 593,570 DYDX tokens, with 100% of the repurchased tokens used for staking.

Previously reported, on March 24, dYdX officially stated that it would use 25% of the net fees from the dYdX protocol each month to repurchase DYDX tokens from the open market, further strengthening its long-term commitment to the ecosystem.