On-Chain Vote Created on Extending dYdX Launch Incentives Program
On-Chain Vote Created on Extending dYdX Launch Incentives Program
⏳ Crucial Vote Ahead...
The dYdX community is voting on a proposal to extend the Launch Incentives Program for an additional three months, covering two trading seasons. The program, which aims to boost trading activity and expand the user base on the dYdX Chain, has been successful in generating more trading fees than its cost. The proposal suggests allocating an additional $10 million from the Community Treasury to fund the extension. The vote ends on April 28, 2024.
⛓️ On-Chain Vote Created ⛓️ 🗳️ Should the Community extend the Launch Incentives Program for an additional 3 months? Vote ends April 28, 2024 5:21 UTC mintscan.io/dydx/proposals… Proposal summary🧵👇
dYdX Launches $20M Surge Trading Program
dYdX has launched Surge, a 9-month trading program offering up to $20M in total rewards, with $2M distributed monthly through December 2025. Key features: - Rewards based on overall platform engagement, not just P&L - Multiple earning opportunities for all participant levels - Monthly competitions with consistent reward distribution - Focus on ecosystem value creation and community participation The program aims to incentivize sustained platform activity rather than short-term trading gains. Participants can earn points through various platform interactions, with rewards distributed based on leaderboard rankings. Learn more: [dYdX Surge Program](https://www.dydx.xyz/blog/dydx-surge)
dYdX Expands Market Offerings with New Listings
dYdX continues to expand its trading options through Instant Market Listings. Recent additions include $IQ (IQAICOM), $AERGO, $WCT (WalletConnect), and several other tokens. The platform now features over 180 tradable markets, with new listings being added regularly through their permissionless listing system. MegaVault provides liquidity across all markets while offering yield opportunities to depositors. The platform maintains steady growth in both market offerings and trading volume.
dYdX Launches Token Buyback Program and 2025 Roadmap
dYdX has implemented a significant tokenomics update through its first-ever buyback program. Key points: - 25% of net protocol fees now allocated to buying and staking $DYDX tokens - New fee distribution: 40% staking rewards, 25% buybacks, 25% MegaVault, 10% treasury 2025 Development Roadmap: - Immediate focus on indexer reliability and faster deposits - New mobile interface and trading features coming - Integration with IBC Eureka to enable Ethereum connectivity - Plans for spot trading and multi-asset margining [Learn more about the buyback program](https://www.dydx.xyz/blog/dydx-buyback-program)
Critical DYDX Bridge Migration Deadline Approaching
**Important Notice**: Over 110M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. @NethermindEth has proposed to discontinue bridge support in approximately 45 days. After this deadline, **unbridged tokens may become non-convertible**. Key Information: - Proposal details: [View on Mintscan](https://www.mintscan.io/dydx/proposals/189) - Migration guide: [How to Bridge](https://www.dydx.foundation/how-to-bridge/overview) **Action Required**: Token holders should complete migration before the bridge closure to maintain token convertibility.
dYdX Foundation CEO Joins The Zeall Show for DeFi Discussion
Charles Haussy, CEO of dYdX Foundation, is featured on The Zeall Show hosted by @0xa8l for an in-depth discussion about decentralized finance (DeFi). This follows a series of high-profile DeFi conversations on the platform, including a recent interview about DeFi options with Stryke and Orange Finance. The live discussion explores: - Current state of DeFi - dYdX's role in the ecosystem - Future developments in decentralized exchanges Watch the conversation here: [The Zeall Show](https://www.youtube.com/watch?v=yfKBznNrZC8)