dYdX begins vote on allocating 75% of protocol revenue to buybacks

The dYdX Foundation announced via X that it has started a governance vote on a proposal to allocate 75% of protocol revenue to a buyback program. The proposal also calls for allocating 5% of revenue to the Treasury subDAO and another 5% to the Megavault. Voting is set to end at 12:20 p.m. UTC on Nov. 13.