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v4
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v4

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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About the dYdX Foundation

Legitimacy and Disclaimer

Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.

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 (including dYdX Unlimited) 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 (including dYdX Unlimited) 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 (including dYdX Unlimited) 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, i ncluding dYdX Unlimited (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 dYdX Unlimited), 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, including dYdX Unlimited) “AS IS, WHERE IS”.

Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone.  Users should conduct their own research and due diligence before making any decisions.  The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.

Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of  any component of the dYdX Unlimited software (including the MegaVault).

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