dYdX Chain's Launch Incentives Program Enters Season 5 with Innovations

🔥 Multipliers, Bonuses, Leagues!

By dYdX
Jun 20, 2024, 5:00 PM
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The dYdX Chain's 6-month Launch Incentives Program has allocated $20 million in DYDX tokens to incentivize trading activity on the platform over four seasons.​ On June 7, 2024, the community voted to distribute $5 million in DYDX to 4,142 unique addresses in Season 4, and the program was extended for two more seasons with an additional $10 million budget.​ Season 5 introduces key innovations, including higher rewards for DYDX stakers and stDYDX/stkDYDX holders, multipliers for trades via web or mobile apps, and multipliers for trading in non-major markets.​ Other updates include a first deposit bonus for new accounts, trading leagues with an $800,000 prize pool, and $1 million in rewards for market makers contributing to volume, especially in less liquid markets.​ The Launch Incentives Program has successfully driven adoption and trading activity on the dYdX Chain, as reported by Chaos Labs.​

Sources

Season 5 of the dYdX Chain Launch Incentive Program powered by @chaos_labs is in full swing! $5M in DYDX earmarked for traders (subject to a governance vote) This season includes multiple innovations: 1⃣ Multiplier for DYDX Stakers (Directly or via LSTs) 2⃣ Multiplier for

Chaos Labs
Chaos Labs
@chaoslabs

1/ @dYdX Chain Launch Incentives Program Weekly Update 🥇🥈🥉 Season 5 has commenced with daily volumes above $500m/day and over $150bn in cumulative volume on dYdX Chain! Read on to see everything that happened on dYdX Chain in the past week 👇

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