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For a very long time, decentralized buying and selling felt difficult and unclear for many customers. However over the past market cycle, on-chain buying and selling platforms have develop into extremely liquid, user-friendly, and outfitted with all of the important instruments merchants count on. This shift is clearly mirrored within the rising variety of customers shifting from CEXs to DEXs.
One of many main examples is dYdX — a decentralized change with over $1.5 trillion buying and selling quantity, that not solely matches CEX-level comfort but in addition goes additional with initiatives just like the Surge Program, which has launched with $20M in prizes for its merchants. On this overview, you’ll be taught in regards to the core particulars of the occasion and take part.
What’s the dYdX Surge Program?
The dYdX Surge Program is a large buying and selling competitors with a $20 million prize pool, launched by dYdX in collaboration with Chaos Labs in April 2025. This can be a long-term marketing campaign operating over 9 months and structured as a seasonal competitors — with every season lasting one month.
Every season, merchants earn factors for utilizing the dYdX change, with a major concentrate on perpetual futures buying and selling (each commerce counts). A key element is that rewards are usually not based mostly on PnL or ROI, however relatively on taker buying and selling quantity and costs paid — making this system accessible to a wider viewers, not simply skilled merchants.
For instance, the primary two seasons are already full. In Season 1 alone, 2,806 merchants shared 2.26 million DYDX tokens (~$1.43M), with 627 merchants incomes over $100 every, and the highest dealer receiving $184,550. In Season 2, dYdX merchants obtained over $1.44 million in payouts.
Reward Mechanics: How the $20M Is Distributed
The general prize pool of dYdX Surge is as much as $20 million in DYDX, the native token of the dYdX ecosystem, which is used to reward merchants and performs a key position in staking, safety, and governance on the dYdX Chain.
As talked about above, the complete occasion is split into 9 month-to-month seasons, throughout which dYdX customers earn factors and compete on a clear, real-time leaderboard managed by Chaos Labs. On the finish of every season, as much as $2.2 million in rewards is distributed amongst contributors.
What standards decide how factors are earned in dYdX Surge? Whereas reward allocation could barely fluctuate from season to season to enhance the general steadiness and equity of this system, the core logic stays constant. Under is the present reward allocation together with the point-earning standards for the continued third season.
Basic prize allocation — 45%
Factors are distributed based mostly on buying and selling charges paid by customers as takers (executing market orders). Moreover, there are boosted markets — buying and selling pairs for which merchants earn factors at twice the speed of normal markets. The boosted tokens could change every season; for the present season, they’re:
There may be additionally a each day buying and selling exercise bonus: each buying and selling day provides +1.67% of the bottom Basic reward (to be eligible, no less than $1 in charges should be paid that day).
Retail prize allocation — 40%
Factors on this allocation are awarded for taker exercise on dYdX (market orders) executed through the official dYdX net or cell interfaces. Not like the Basic allocation, factors listed here are earned based mostly on buying and selling quantity, not on charges paid.
Activation prize allocation — 15%
Contributors can earn additional factors by growing their stDYDX steadiness through the Surge season in comparison with the earlier season.
stDYDX is a token you obtain whenever you stake your DYDX tokens to a dYdX Chain validator from the identical pockets you employ for buying and selling. The important thing requirement is that your present stDYDX steadiness should be increased than it was within the earlier season.
Key Particulars of the Surge Program
The Position of the Surge Program within the dYdX Ecosystem
dYdX Surge is without doubt one of the most main and longest-running incentive campaigns in decentralized buying and selling. Not like many applications, it doesn’t take PnL or ROI under consideration when calculating factors, making it extra accessible to all varieties of merchants. Surge additionally stands out with its versatile and community-governed reward construction, specializing in precise platform utilization, rewarding energetic customers, and supporting sustainable progress.
One other key benefit is full decentralization — there’s no must register, full KYC, or manually declare rewards. Merchants merely use a non-custodial pockets to take part. Rewards are distributed mechanically on the finish of every season. The system is totally clear, with a publicly up to date leaderboard maintained by Chaos Labs.
How one can Take part within the dYdX Surge Program
- Go to dYdX.commerce and join your pockets. After signing a transaction, a dYdX Chain handle might be mechanically created and linked to your pockets.
- Make a deposit utilizing any supported token and community. One of the widespread and handy choices is USDC.
- Go to the ‘Commerce’ tab, select a buying and selling pair, and begin buying and selling. For every taker commerce, you’ll earn factors within the dYdX Surge Program based mostly in your buying and selling quantity and costs paid.
- Increase your factors by:
- Buying and selling boosted markets (AIXBT, KAITO, SUI, XRP)
- Buying and selling each day to activate the each day bonus
- Staking DYDX beneath the ‘DYDX’ tab to earn extra staking factors
- Observe your factors. When you’ve made a commerce you may monitor your earned factors in a number of methods:
About dYdX
dYdX is a number one decentralized buying and selling platform for perpetual futures, supporting over 200 buying and selling pairs with a few of the deepest liquidity, quick and seamless order execution, and industry-leading low charges.
Since launching in 2018, dYdX has develop into one of the crucial extensively used platforms in decentralized perpetual buying and selling, with a complete buying and selling quantity exceeding $1.5 trillion to this point. dYdX was additionally the primary change to construct perpetual futures buying and selling on a decentralized change (DEX).
The platform options an intuitive and highly effective buying and selling interface with every little thing merchants want — together with superior order varieties, a number of margin modes, danger administration instruments, charting and evaluation instruments, and leverage as much as 50x.
Conclusion
The dYdX Surge Program exhibits how decentralized finance can provide inclusive and clear incentives for merchants, with out counting on only one metric like revenue or buying and selling quantity. Since every little thing occurs in a decentralized manner, dYdX Surge has a community-driven and versatile reward construction that may be adjusted by way of on-chain voting. This system is accessible to each inexperienced persons and skilled customers, aiming for long-term engagement and regular progress of the complete dYdX ecosystem.
To be taught extra in regards to the dYdX Surge, observe the official assets:
dYdX Web site | Obtain dYdX App | X | Discord | Weblog
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