dYdX

Explore dYdX (DYDX) token rights, holder benefits, governance power, and revenue distribution on DefiLlama.

dYdX (DYDX) Token Rights & Governance

75% of net protocol revenue is allocated to the Treasury and used toward dydx buyback program

Holders can vote on revenue allocations, market listings, parameter changes, & software upgrades

DYDX is the staking and governance token of the dYdX Chain, used to delegate to validators for network security, vote on protocol enhancements, and access value accrual from trading fees. 75% of protocol fees are used to buy back DYDX