dYdX Initiates Token Buyback Program
dYdX Initiates Token Buyback Program
🔄 DYDX Tokens Going Home
dYdX has officially launched its token buyback initiative, with @kpk_io executing the first purchase of 140,000 DYDX tokens through Binance. The program involves strategic small-volume acquisitions spread throughout the month.
This buyback initiative represents a significant step in aligning the protocol's long-term value with its native token.
Key Points:
- First purchase: 140k DYDX tokens
- Execution: Gradual buying strategy
- Platform: Binance
For detailed information about the buyback program, visit the official announcement.
$DYDX buybacks have begun. @kpk_io are buying small amounts of DYDX over the course of the month. The first purchase of 140k DYDX via Binance happened yesterday ⬇️
🚀 $DYDX buybacks have started! 146,507 DYDX bought via TWAP on Binance — and we're just getting started. Millions more to go. Strengthening security. Aligning incentives. Building for the future.
dYdX Continues Market Expansion with New Listings
dYdX has added several new markets through its Instant Market Listings feature: - Latest addition: $GORK token now available for trading - Recent launches include $WAL (Walrus Protocol), $HAEDAL, and $PROMPT - Two instant market listings added: $SIGN and $SKITTEN - Notable launches: $DEEP (DeepBook on Sui) and $VELO protocol The exchange now offers 180+ tradable markets, with instant liquidity provided through MegaVault. Users can launch new markets by depositing USDC into MegaVault, which acts as a master liquidity pool. [Launch markets on dYdX](https://dydx.trade/markets)
dYdX Founder Discusses DeFi's Dominance at Token2049 Dubai
At Token2049 Dubai, dYdX Founder Antonio Juliano participated in a panel addressing the growing influence of DeFi over traditional centralized finance (CeFi). Key takeaways: - DeFi infrastructure continues to mature rapidly - Permissionless trading evolution shows significant progress - DeFi is positioned to overtake CeFi in market dominance This follows Juliano's recent appearance on Nasdaq's Trade Talks series, where he discussed DeFi adoption and Instant Market Listings. The full Nasdaq interview can be found at [Trade Talks](https://www.nasdaq.com/videos/future-chain-and-infrastructure-next-financial-era).
dYdX Continues Engineering-First Recruitment Drive
dYdX, the decentralized exchange platform, is actively expanding its engineering team. The company emphasizes its engineering-centric culture and commitment to technical excellence. Key highlights: - Engineering Manager Xiaomeng highlights team culture and impact potential - Multiple positions open for technical roles - Focus on cutting-edge crypto technology development Interested candidates can apply at [dYdX Careers](https://job-boards.greenhouse.io/dydx)
Critical dYdX Bridge Shutdown Timeline Announced
**Important Notice**: Over 110M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. Nethermind has proposed terminating bridge support in approximately 31 days. After this deadline, **unconverted tokens may become non-transferable**. Key Information: - Deadline: ~31 days remaining - Affected: 110M+ unmigrated ethDYDX tokens - Action Required: Bridge to native $DYDX For migration instructions, visit the [official bridging guide](https://www.dydx.foundation/how-to-bridge/overview). View proposal details on [Mintscan](https://mintscan.io/dydx/proposals/189).
dYdX Surge Trading Competition Season 1 Concludes, Season 2 Begins
The first season of dYdX's Surge Trading Competition has concluded, with Season 2 now underway. Key highlights: - Season 1 rewards distribution scheduled for next week - Total prize pool of $20M distributed over 9 months - Monthly rewards of up to $2M in $DYDX - Program rewards overall platform engagement, not just trading P&L - Competition runs through December 2025 The Surge program aims to incentivize ecosystem participation through multiple earning opportunities. Traders can track their performance on the [official leaderboard](https://community.chaoslabs.xyz/dydx-v4/risk/leaderboard). *New participants can join Season 2 to compete for their share of rewards.*