KEY TAKEAWAYS
- dYdX launches Season 10 of its Surge Program, offering fee rebates and loss rebates for perpetual traders.
- The dYdX community approves the renewal of the Surge Rewards Program and partners with CryptoLearningClub for program operations.
- Fee-free trading continues on SOL and BTC perpetual markets, with a 50% rebate on positive trading fees throughout January.
- The $1 million Loss Rebate Pilot Program is extended, providing DYDX rebates for liquidation events.
dYdX has kicked off the New Year by launching Season 10 of its Surge Program, which continues to offer fee rebates for all perpetual traders. The program includes ongoing loss rebates and fee-free trading on the SOL and BTC perpetual markets.
The dYdX community has approved the renewal and extension of the Surge Rewards Program. Additionally, they have voted to onboard CryptoLearningClub (CLC) as a contributing team. CLC will assist in program operations, including execution, reward calculations, and performance reporting, in collaboration with dYdX Labs. More details about the renewed Surge Program can be found here.
Fee Rebates and Trading Incentives
Throughout January, all perpetual traders will continue to receive 50% rebates on positive trading fees. These rewards are distributed at the end of each month. The SOL and BTC perpetual markets will remain fee-free for all traders during this period. Following a community vote, dYdX has extended the maker and taker fee holidays for these markets. However, other fees, such as gas, bridging, slippage, and third-party fees, remain unchanged and the fee discounts are subject to change.
Loss Rebate Pilot Program Extension
The $1 million Loss Rebate Pilot Program has been extended through January after a community vote. This program offers eligible traders the opportunity to earn DYDX rebates from liquidation events. Launched with a featured leaderboard last month, the program introduces a gamified incentive layer for perpetual traders who experience liquidations on dYdX.
Following a community vote, the first bi-weekly distribution for the first half of December is now underway, partially rebating liquidation losses for the most affected traders. Subsequent distributions will continue on a bi-weekly schedule, including a second December round. Traders can check their eligibility and claim their loss rebates before the January 31st deadline.
Why This Matters: Impact, Industry Trends & Expert Insights
dYdX has launched Season 10 of its Surge Program, continuing to offer fee rebates and extending its loss rebate pilot program to enhance trading incentives.
A recent industry report highlights the trend towards lower costs on Layer 2 solutions and alternative chains like Solana, which are becoming increasingly attractive due to their lower transaction fees. This aligns with dYdX’s strategy of offering fee-free trading on the SOL and BTC perpetual markets, potentially increasing their competitive edge.
A report by AInvest highlights that trading incentives, such as those offered by dYdX, have been effective in boosting liquidity and institutional participation in perpetual futures markets. This supports the impact of dYdX’s renewed Surge Program in potentially enhancing market depth and trader engagement.
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