Get Your Share of the $5 million Incentives Program

dYdX Foundation
Aug 5, 2024

Season 6 of the dYdX Launch Incentives Program is nearing its end! Traders still have time to grab a share of the $5 million incentives pool.

Powered by Chaos Labs, this program rewards traders based on their dYdX Chain activity. Simply put: trade more, earn more.

This season uses a points system with several key features:

  1. DYDX Staker Bonus: Stakers, including those with Liquid Staking Tokens (stDYDX from Stride and stkDYDX from pStake), can earn up to 50% more points, based on their average staked amount.
  2. Front-End Boost: Trades via web, iOS, or Android apps get a 1.5x points multiplier, applied at season's end.
  3. Market Diversity Incentive: Non-major markets (excluding BTC, ETH, and SOL) offer 2x points, promoting wider market activity.

Additional program highlights:

  • New Deposit Bonus: First 1,000 new accounts with highest taker volume get a $100 bonus.
  • Trading Leagues: Continue as before, with $800,000 in prizes.
  • Market Maker Rewards: $1 million for market makers contributing over 0.25% of maker volume. Rewards will be based on contributions to trading volume, especially in less liquid markets and during periods of volatility. The detailed formula for reward calculation can be found in the supplemental LP reward formula provided by Chaos Labs.

The program caters to all trader levels, with users moving between tiers based on performance. This competitive structure encourages ongoing improvement.

Season 6 builds on past successes, gathering data to shape future incentives and meet community needs. This season will end between August 18- 28!

Ready to join? Head to dydx.trade to participate in season 6 of the Launch Incentives Program.

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The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.

The dYdX Chain software is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof) “AS IS, WHERE IS”.

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