How the DYDX Buyback Program Works

The buyback program began in April 2025 and is funded directly by trading fees from the decentralized exchange (DEX). Each quarter, the Foundation allocates a portion of its revenue to purchase DYDX tokens from the open market.

This strategy supports the token economy and channels growth back to the community. In addition, it helps balance rewards between traders, stakers, and protocol contributors.

The next phase will target an additional 1.12 million DYDX tokens. After each repurchase, the Foundation stakes most of the tokens through its Treasury SubDAO. This move limits liquidity and helps maintain a stable token economy.

DYDX Supply Continues to Shrink

So far, the program has removed 5.42 million DYDX tokens from circulation, according to data on buyback.dydx.trade. This steady reduction in supply has created a deflationary effect, which could support the DYDX price in the long term.

Furthermore, the buyback program encourages investor trust and signals that the project is focused on sustainable growth.

Main results of the buyback program include:

• A lower circulating supply of DYDX

• Stronger investor confidence

• Higher staking participation

• Long-term ecosystem sustainability

As a result, dYdX’s buyback model has become an example of financial discipline within the DeFi sector.

Buybacks Gain Popularity Across DeFi

More DeFi protocols are now adopting token buyback models to manage supply and reward loyal users. The dYdX Foundation stands out by redirecting a portion of trading fees toward its buyback plan. This transparent and consistent model strengthens the link between protocol success and token value.

Moreover, analysts believe that steady buybacks could help stabilize the DYDX price over time. However, external market conditions and global liquidity will still play a major role. In the long run, dYdX’s framework may become a reference point for sustainable token economics in decentralized governance.

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What Is a Crypto Launchpad?

Sometimes referred to as a crypto incubator, a launchpad is a blockchain-based decentralized platform. Projects offer tokens to investors before going public.

• Investors: Can buy tokens at lower prices and profit as their value grows.

• Founders: Gain exposure and raise early-stage funding.

Trusted launchpads thoroughly review projects and only list approved ones. Investors usually verify their identity through KYC (Know Your Customer), reducing fraud risks and ensuring security.

How Does a Launchpad Work?

Launchpads act as a bridge between investors and projects. The general process includes:

1. Project Application & Evaluation: New projects apply, evaluated by security, team, and tech criteria.

2. Community & Promotion: Approved projects are promoted to potential investors.

3. Token Sale: Occurs via Allowlist, staking, or KYC participation.

4. Listing: After the sale, tokens become tradable on exchanges.

Launchpads enhance transparency and fairness, minimizing manipulation and ensuring balanced token distribution.

Types of Launchpads

• IDO (Initial DEX Offering): Decentralized exchange token sales. Examples: FireStarter, BSCPad, Seedify, Polkastarter.

• IEO (Initial Exchange Offering): Centralized exchange-based sales. Example: Binance Launchpad.

• ICO (Initial Coin Offering): Independent token sale model, often older and riskier.

• INO (Initial NFT Offering): NFT collection fundraising. Examples: Only1, Seedify.

• IGO (Initial Game Offering): Gaming and metaverse token sales. Examples: Gamestarter, PlayPad.

How to Join a Launchpad?

Participation methods vary depending on the platform type:

• Allowlist Application: Register for a chance to buy tokens.

• Stake-to-Participate: Stake platform tokens for eligibility.

• Lottery System: Random selection among stakers.

• Guaranteed Allocation: Direct access based on staking amount.

Always review each platform’s participation rules carefully.

What Is a Crypto Presale?

A crypto presale offers tokens to early investors before the official launch, usually at lower prices. Investors gain early access and potential profit opportunities, while projects secure early funding and community backing. However, presales carry risk—token values can drop or projects may fail to deliver.

• For Investors: Early access and potential gains.

• For Projects: Fundraising and community building.

Trusted launchpads mitigate risks through due diligence and KYC verification.

Advantages of Using Launchpads:

• Lower listing fees

• Strong security and KYC

• Quick token access

• Supportive community

Disadvantages of Using Launchpads:

• Price volatility

• Potential scams (rug pulls)

• Token vesting/lock periods

• High gas fees during peak times

Launchpad vs. Launchpool

Though often confused, they serve different purposes:

• Launchpad: Early token purchase for new projects (e.g., Binance Launchpad, Polkastarter).

• Launchpool: Stake tokens to earn new rewards (e.g., PancakeSwap, TrustPad).

In short: Launchpad = Invest; Launchpool = Stake for rewards.

Top Launchpad Platforms & Tokens

Top Launchpad Coins by Market Cap:

• PancakeSwap (CAKE)
• Jupiter (JUP)
• Raydium (RAY)
• Bounce (AUCTION)
• Pump.fun (PUMP)
• Solidus Ai Tech (AITECH)
• ChainGPT (CGPT)
• DAO Maker (DAO)

Conclusion:

Crypto launchpads are essential for connecting investors with early-stage blockchain projects. Choosing the right launchpad provides both safety and profitability, allowing investors to access early opportunities while projects gain community support and funding.

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Toly’s New Perpetual DEX Initiative

According to shared information, Yakovenko’s personal GitHub account hosts a newly discovered repository called “Percolator.” The repository description states, “A sharded perpetual exchange protocol for Solana,” suggesting the development of a continuous contract-based decentralized exchange protocol on Solana.

The project includes modules like Router Program and Slab Program, indicating a scalable DEX architecture designed for low-latency execution. While there is no official confirmation whether Yakovenko is directly a co-founder or lead developer of this DEX, developers and analysts in the SOL community interpret his active GitHub contributions as a strategic step for the Solana DeFi ecosystem.

GitHub Code Updates Draw Attention

Yakovenko’s commits under the username “aeyakovenko” include code related to perpetual trading mechanisms, liquidity pools, and match engine modules.
Contributors to the GitHub repository include aeyakovenko (Anatoly Yakovenko) and claude (Claude). This highlights Yakovenko’s active role in the development process and suggests the project may still be in a test phase.

Meanwhile, the BULK team recently raised $8 million in seed funding for another Solana-based perpetual DEX, with Yakovenko listed among the investors.

Many users and developers also view Toly’s initiative as the start of a new era of decentralized perpetual exchanges on Solana. However, until official announcements are made, the project should still be considered an early-stage initiative.

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Binance Alpha and Institutionally Supported Projects 

Aster: Listed on Binance Alpha, introduced on September 29, 2025, with a $9,990 USDC deposit promotion. This demonstrates Binance’s close monitoring of the project. Spot listing is not yet available. 

Hyperliquid (HYPE): A decentralized perpetual trading platform, currently listed on Binance.US. Spot listing on Binance Global is not yet available. 

Cronos (CRO): Native token of Crypto.com’s Cronos Chain, compatible with Ethereum Virtual Machine (EVM). Not listed on Binance Alpha but tradable via Web3 Wallet and some DEXs. 

STBL (STBL): Listed on Binance Alpha on September 16, 2025, and also traded on Kraken. Spot listing is not yet available. Founded by Reeve Collins, one of Tether’s original founders, STBL supports its USST stablecoin with real-world assets such as U.S. Treasury bills. 

Pre-Sale and Web3 Wallet Accessible Projects 

Drift (DRIFT): Drift is listed on Binance Alpha and is also available on Binance Futures. However, it has not yet been listed on Binance Spot. Built on the Solana ecosystem, Drift is a decentralized perpetual exchange project offering high liquidity through its on-chain orderbook model. 

AI16Z (AI16Z): AI-focused project, tradable with USDT via Binance Web3 Wallet. Spot listing not available. 

Click to Trade with 10% Discount on Binance Futures!

Things to Consider 

• Alpha or Square listing ≠ Spot listing. 
• Presale numbers and user counts are mostly project-reported; independent verification is recommended. 
• This list is prepared as of October 2025; situations may change rapidly. 
• For official listing updates, monitor Binance Announcements. 

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The SPAC will be led by Palihapitiya as chairman, while Social Capital managing partner Steven Trieu will serve as CEO. The filing specifies the sale of 25 million shares at $10 each. Shares will trade under the AEXA ticker on the New York Stock Exchange. 

DeFi and AI at the Forefront 

Although Palihapitiya long promoted Bitcoin as a hedge against inflation, he now emphasizes the integration of traditional finance with decentralized finance. The management team highlights DeFi’s ability to remove intermediaries and deliver clear value to clients. Circle’s recent IPO serves as a prominent example of this transition. 

The SPAC leaders acknowledge that mainstream adoption of crypto and stablecoins took longer than expected. However, the path forward appears inevitable, and this initiative aims to accelerate financial innovation. 

Palihapitiya’s SPAC History 

Palihapitiya previously led multiple SPACs with mixed outcomes. Successful mergers include SoFi Technologies, while Social Capital Suvretta Holdings II, III, and IV were liquidated. Despite these results, the new SPAC targets four strategic sectors. DeFi and AI are seen as high-growth areas, whereas energy and defense meet rising global demand. 

The SPAC’s name reflects Palihapitiya’s earlier statement that “crypto is dead in America.” Now, with American Exceptionalism Acquisition Corp A, he returns to the crypto space with a renewed strategic tool. The Cayman Islands-based company has not disclosed a specific target but will prioritize ventures aligned with Palihapitiya’s expertise. 

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Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Details about the airdrop and other information will be shared soon through Binance’s official channels.

Eligible users will be able to claim their airdrops using Binance Alpha Points from the Alpha Events page once trading begins.

Click to Register on Binance Exchange with a Discount!

What is Overlay Protocol (OVL)? 

Overlay Protocol is a decentralized finance (DeFi) protocol that facilitates trading against market predictions and price fluctuations. The platform leverages on-chain data to provide a reliable, transparent, and decentralized trading infrastructure. 

Users can perform leveraged trades on various assets that are not possible in traditional markets, utilize risk management tools, and earn rewards. Overlay Protocol also offers earning opportunities for liquidity providers, aiming to expand the DeFi ecosystem. 

The OVL token is the native token of this system and is used as collateral. When a position is profitable, new OVL tokens are minted, and when it incurs a loss, tokens are burned to rebalance the system. This mechanism helps Overlay Protocol overcome liquidity issues seen in traditional markets and aims to create derivative markets for a broader range of assets. 

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Team and Investors 

Balancer’s founding team consists of experienced names from the tech and finance sectors. The project gained early support from prominent investors and partners. 

• Founder: Fernando Martinelli 
• Mike McDonald: Co-founder and CTO of Balancer 

Key Investors and Partners: 

Investors: Major crypto funds such as Pantera Capital, Alameda Research, and Blockchain Capital have invested in Balancer, signaling strong confidence in the project. 

Strategic Partners: Integrations with DeFi giants like Aave and Gnosis Protocol enabled innovative features such as “Boosted Pools.” Balancer is also integrated with chains like Polygon zkEVM, Avalanche, and Base, strengthening its multichain strategy and broadening its user base. 

Project Vision 

Balancer’s core idea is to bring flexibility and customization to liquidity pools in decentralized finance (DeFi). Unlike traditional AMMs, Balancer allows for pools with unequal token ratios, offering broader use cases. This enables users to build diversified portfolios and perform more efficient swaps. 

How the Project Works 

• The protocol is based on a system of pools where users can act as liquidity providers (LPs) and perform token swaps. 
• Pools: Smart contracts combining multiple tokens. These pools range from fixed-weight to dynamic-fee types. 
• Routers: Interfaces that simplify complex interactions with the Vault, making the user experience more accessible. 
• Vault: The central component that manages all token and liquidity activities. All pools operate on top of the Vault. 

Roadmap 

Balancer’s roadmap emphasizes continuous innovation. The launch of V3 is a key milestone. Future plans include: 

• More network integrations 
• New pool types 
• Enhanced decentralized governance 

Past Milestones: 

2020: Balancer launched and introduced weighted pools, allowing for flexible token ratios beyond the standard 50/50. 

2021: Balancer V2 released with a single-vault architecture, lower gas fees, flexible pool types, and oracle integration. 

2024 & Beyond: Balancer V3 introduced a modular structure with developer-friendly features like hooks and customizable pools. 

Ecosystem 

The Balancer ecosystem hosts a variety of projects and products built on the protocol. 

Gyroscope and Xave: Developed custom pool types leveraging Balancer’s flexible architecture. 

veBAL: Represents locked BAL tokens, granting increased rewards and governance power to participants, supporting decentralization. 

What Is the BAL Token? 

BAL is the governance token of the Balancer protocol, giving holders the right to vote on protocol decisions. veBAL holders have increased voting power. 

BAL Token Distribution: 

• Liquidity Providers: Earn BAL based on emission schedules and veBAL voting. 
• Founders, Advisors, and Investors: 25 million tokens allocated with vesting schedules. 
• Ecosystem Fund: 5 million tokens for ecosystem growth and partnerships. 
• Balancer Labs Fund: 5 million tokens to support operations and development. 

Token Info: 

• Total Supply: 69.32M BAL 
• Max Supply: 96.15M BAL 
• Circulating Supply: 66.66M BAL 

BAL Token: Liquidity Mining & Governance 

BAL is a Proof-of-Stake (PoS) token distributed through liquidity provision and governance participation—not traditional mining. The protocol rewards users for contributing liquidity instead of computational power. 

Ways to Earn BAL: 

• Liquidity Provision: Users earn BAL by depositing assets into Balancer pools, offering passive income and supporting liquidity depth. 
• Governance Participation: BAL holders can vote on key protocol decisions, actively shaping the future of Balancer. 

What Makes Balancer Unique? 

Customizable Liquidity Pools: Users can create pools with any token ratio, offering flexibility compared to traditional AMMs. 

Ecosystem Incentives: BAL rewards attract liquidity providers and strengthen long-term protocol growth, while promoting decentralization through governance participation. 

Official Links 

• Website
• Twitter
• Medium
• Discord

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The post What Is Balancer (BAL)? A Flexible AMM Protocol Explained appeared first on Coin Engineer.

Starting July 24, 2025 at 09:00 UTC, the Bitlayer Booster Program will reward users who complete multi-phase tasks with a share of 30 million BTR tokens. To participate, users must have at least 61 Binance Alpha Points and be using the Binance Wallet (Keyless) system. 

In addition, eligible users will be able to subscribe to BTR tokens during the upcoming Pre-TGE event, gaining access before the token becomes publicly tradable. Details and dates for the pre-sale will be announced soon. 

Get ready to join the Booster campaign with @BitlayerLabs on #Binance Wallet!

Start Time: July 24th, 2025, at 09:00 (UTC).
Eligibility: Users with 61 or above Binance Alpha Points
Rewards: 30,000,000 BTR

Important Note: Tokens from the Booster Campaign are subject… pic.twitter.com/zsIwDdB9sl

— Binance (@binance) July 23, 2025

These exclusive events hosted by Binance present a valuable opportunity for early supporters of the innovative Bitlayer project. Users of Binance Wallet are already preparing to participate in both the airdrop campaign and the token subscription phase.

Click here to register on Binance with 20% trading fee discount!

What is Bitlayer (BTR)? 

Bitlayer is the first EVM-compatible Bitcoin Layer 2 rollup, combining the robust security of Bitcoin with the flexible programmability of Ethereum. It enables developers to build scalable smart contracts and decentralized applications (dApps) on the world’s most secure blockchain infrastructure. Bitlayer bridges Bitcoin’s reliability with the innovation of DeFi and Web3 ecosystems, offering a next-generation platform for decentralized development.

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