According to @dydxfoundation, a live governance forum proposal would allocate 100% of net protocol fees to DYDX token buybacks for a three-month experimental trial from Nov 1, 2025 to Jan 31, 2026, with discussion hosted on the dYdX forum, source: dYdX Foundation on X, Oct 29, 2025; dYdX forum. For traders, if approved, this redirects all net fees into continuous DYDX buybacks during the stated window, creating mechanical buy-side flow equal to net fees while the policy is active, with the initiative currently at the proposal stage pending community decision, source: dYdX forum; dYdX Foundation on X, Oct 29, 2025.

According to dYdX Foundation, the Treasury SubDAO has repurchased more than 5 million DYDX since April using 25% of protocol fees, with program details and live metrics available at buyback.dydx.trade; source: dYdX Foundation on X, Oct 27, 2025. According to dYdX Foundation, the next scheduled buyback is set at 1.12 million DYDX, a concrete size that traders can monitor for on-chain activity timing and liquidity tracking; source: dYdX Foundation on X, Oct 27, 2025. According to dYdX Foundation, traders can track execution and cumulative repurchases in real time via buyback.dydx.trade to inform DYDX order flow monitoring; source: dYdX Foundation on X, Oct 27, 2025.

According to dYdX Foundation, community governance directs 25% of protocol fees to open-market DYDX buybacks, and more than 5 million DYDX have been purchased since April 2025 with most of the tokens staked via the Treasury SubDAO, source: dYdX Foundation, Oct 22, 2025. Traders can track DYDX buybacks and staking status in real time at buyback.dydx.trade to monitor program activity, source: dYdX Foundation, Oct 22, 2025.

According to dYdX Foundation, community governance has initiated a program that directs 25% of protocol fees to open-market DYDX buybacks, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638. Since April 2025, over 5 million DYDX have been purchased, with most of these tokens staked via the Treasury SubDAO, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638. The foundation provides a real-time tracker at https://buyback.dydx.trade for monitoring buybacks, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638.