Loading...What is dYdX?
dYdX is a leading decentralized trading platform in the DeFi ecosystem that specializes in derivatives and margin trading. Built on a custom Layer-1 blockchain using the Cosmos SDK, dYdX provides traders with a professional-grade experience featuring high leverage options, deep liquidity pools, and competitive fee structures. The platform was among the first to offer decentralized margin trading and derivatives, while also pioneering concepts like flash loans and DEX aggregators back in 2018.
The platform operates under community governance through the DYDX token, emphasizing transparency and user-driven decision making in its operations. dYdX aims to create a financial ecosystem that removes traditional barriers while maintaining professional trading standards. With the upcoming dYdX Unlimited launch this November, the platform is introducing several significant upgrades including instant market listings, the MegaVault liquidity engine, improved trading rewards, and lifetime affiliate commissions.
dYdX Surge Program Airdrop Details
The dYdX Surge Program is a major nine-month trading competition officially launched by the dYdX community in partnership with Chaos Labs. With an allocation of up to $20 million in DYDX tokens, this program stands as one of the most substantial incentive initiatives in the DeFi space. The program will run until December 2025, divided into nine monthly seasons with rewards distributed at the end of each season.
Unlike traditional airdrops that might simply reward wallet holders or one-time actions, the dYdX Surge Program requires active participation on the platform. Rewards are tied to a transparent public leaderboard system where users earn points through trading activity. The program specifically rewards taker trades (those that remove liquidity from the orderbook), with higher rankings on the leaderboard resulting in larger DYDX token rewards.
How to Participate in the dYdX Surge Program
- Set up a dYdX account – If you haven’t already, create an account on the dYdX platform
- Connect your wallet – Link a compatible crypto wallet to your dYdX account.
- Deposit funds – Transfer cryptocurrency to your dYdX account for trading.
- Start trading as a taker – Execute trades that take liquidity from the order book (market orders typically function as taker orders).
- Check the leaderboard – Monitor your position on the Surge Program leaderboard to track your progress.
- Explore boost opportunities – Look for ways to boost your points through additional activities such as staking or trading on specific markets.
- Continue trading through each season – Maintain activity throughout the monthly seasons to maximize rewards.
- Receive rewards – DYDX tokens will be distributed at the end of each monthly season based on your leaderboard ranking.
There’s no need to manually sign up for the program or claim rewards – participation is automatic for all traders on the platform, and rewards are distributed automatically at the end of each season.
Understanding the Reward Structure
The dYdX Surge Program distributes rewards across three key categories:
- General (50% of rewards): Based on trading fees paid by takers.
- Retail (25% of rewards): Reserved exclusively for taker activity through the official dYdX web and mobile interfaces.
- Activation (25% of rewards): Designed to boost participation in newly launched features, support key market activity, reward DYDX stakers, and re-engage historical users.
Latest Update: dYdX Yapper Leaderboard Rewards on Kaito
Kaito has launched rewards for dYdX engagement on their Yapper platform:
- $50,000 in monthly rewards for top 100 participants
- Simply engage in discussions about dYdX on Kaito Yapper
- Create quality content to improve your leaderboard position
- Monitor your ranking to ensure you remain in the top 100
dydx Airdrop Campaign (Expired)
- Visit the dydx rewards page.
- Connect your ETH wallet.
- If you’re eligible, then you will see your rewards under “Allocation”.
- Users who have traded on dYdX protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow/supply pools by the snapshot time are eligible for the airdrop.
- The snapshot was taken on July 26, 2021, at 00:00:00 UTC.
- Eligible users need to achieve certain trading milestones as mentioned in this post on Layer 2 Perpetuals within the first 28 days of Epoch 0 to unlock the rewards. Epoch 0 went live on August 3rd, 2021 at 15:00:00 UTC and will end on August 31st, 2021 at 15:00:00 UTC.
- Unlocked rewards can be claimed from September 8th, 2021 at 15:00:00 UTC.
- For more information regarding the airdrop and trading milestones, see this post.
dYdX Surge Program FAQs
How long does each Surge season last?
Each season in the dYdX Surge Program lasts approximately one month, with the entire program spanning nine months until December 2025.
Do I need to sign up separately for the Surge Program?
No, participation is automatic for all traders on the dYdX platform. There is no separate registration process required.
Can maker orders (limit orders that add liquidity) earn Surge points?
No, only taker orders that remove liquidity from the order book will generate points for the Surge Program leaderboard.
How often are rewards distributed?
Rewards are distributed at the end of each monthly season based on your final leaderboard position for that period.
Conclusion
The dYdX Surge Program represents a significant opportunity for active traders to earn DYDX tokens through normal trading activity. With $20 million in tokens allocated over nine months, the potential rewards are substantial, especially for consistent participants who optimize their trading strategies to maximize points.
Estimated Value
n/a
Tokens per Claim
Min 310.75 DYDX
Max. Participants
Unlimited
