KEY TAKEAWAYS
- dYdX launches Season 9 of the Surge Program, continuing fee rebates and fee-free trading on SOL and BTC markets.
- The $1,000,000 UI Trader reward pool is discontinued to focus on sustainable on-chain participation.
- A new Liquidation Rebate Pilot Program offers gamified incentives for traders, with $1 million in DYDX rebates available.
- Fee-free trading holidays are enabled for BTC and SOL markets, though other fees remain unchanged.
Starting in December, the dYdX community has officially launched Season 9 of the Surge Program, continuing its commitment to providing fee rebates and maintaining fee-free trading on SOL and BTC markets. According to Chaos Labs, traders will continue to receive 50% rebates on positive trading fees through the end of the year.
In a significant change, the $1,000,000 UI Trader reward pool will be discontinued. This decision is part of an ongoing transition towards rewards that emphasize sustainable on-chain participation. The evolution of the Surge Program reflects the dYdX community’s dedication to building a decentralized trading ecosystem that is sustainable, scalable, and owned by traders.
New Liquidation Rebate Pilot Program
For the first time, the dYdX community is introducing a Liquidation Rebate Pilot Program, running from December 1 to December 31, 2025. This program adds a gamified incentive layer for traders who are liquidated on dYdX. Participants will earn liquidation points for each qualifying event, allowing them to compete on leaderboards and become eligible for rebates paid out after the end of the month.
Traders can now turn liquidations into rewards, earn points, and claim their share of $1 million in DYDX rebates this December. Full details of the program are available here.
Fee-Free Trading Continues
The dYdX community has voted to enable maker and taker fee-free holidays for BTC and SOL perpetual markets. This update follows the community-approved v9.4 release of the dYdX protocol, which allows select markets to enjoy reduced or even zero trading fees during specific time periods.
It is important to note that while trading fees are reduced, other fees such as gas, bridging, slippage, or third-party fees remain unchanged and the fee discounts are subject to change.
Why This Matters: Impact, Industry Trends & Expert Insights
dYdX has launched Season 9 of its Surge Program, introducing new incentives and a Liquidation Rebate Pilot Program to enhance trader engagement and support decentralized trading.
A VTrader report highlights that the Surge Program’s evolving incentive models are part of a broader trend in DeFi, focusing on sustainable growth and liquidity enhancement. This aligns with dYdX’s transition towards rewards that emphasize sustainable on-chain participation.
Expert insights from Money.com underscore dYdX’s position as a leading platform for derivatives trading, thanks to its high-performance Layer-2 scaling solution and advanced trading features. This supports the platform’s initiatives to enhance trader experience and engagement through its Surge Program.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.

