[DRC] - Distribute DYDX Tokens for Season 12 of the dYdX Surge Program

dYdX Chain
1

Summary

This proposal seeks community approval to distribute 1,138,888.89 DYDX tokens from the dYdX Chain Community Treasury to qualifying users for Season 12 of the dYdX Surge Program.

For Season 12, the total reward pool amounts to $102,500 in DYDX, with the following allocation:

  • $50,000 in DYDX for the 100 eligible traders under the Liquidation Rebate Program.
  • $52,500 in DYDX for the winners of the BONK Trading Competition.

Abstract

In accordance with the dYdX Surge Renewal Proposal, CryptoLearningClub (CLC), with support from dYdX Labs, is responsible for analyzing seasonal trading data and providing recommendations for incentive distributions.

For Season 12, CLC conducted a detailed review of on-chain trading activity to ensure rewards are allocated to accounts engaging in genuine and organic trading, liquidation, and P&L activity. This analysis includes identifying and excluding behavior indicative of artificial volume generation or wash trading.

Specification

  1. We propose distributing $50,000 in DYDX (equivalent to 555,555.56 DYDX, calculated using a 7-day TWAP of $0.09) for the Liquidation Rebate Program in March, allocated proportionally to the top 100 eligible addresses with the largest realized liquidation losses.
  2. We propose distributing $52,500 in DYDX (equivalent to 583,333.33 DYDX, calculated using a 30-day TWAP of $0.09) for the BONK Trading Competition in March, allocated in accordance to their leaderboard position.

    Note: The original Season 12 announcement referenced a BONK Trading Competition prize pool of $50,000, with 1st place awarded $12,500. Following coordination with the BONK team, the prize pool was subsequently increased to $52,500, with 1st place awarded $15,000. The revised prize was communicated via the BONK team’s official social media prior to the competition’s conclusion. All other prize tiers remain unchanged.

  3. The distribution will be executed via a claim-based flow implemented on dydx.xyz, with eligible users notified through in-app or web notifications and directed to a dedicated claims page. Funds will be transferred to an account controlled by CLC (dydx1lxjqtqzsnnxygkax03d8ygxrm7er23xjqpg4e6) for distribution, with all transactions publicly verifiable via a block explorer. Eligible users will receive DYDX rewards within 7 days of submitting a valid claim, and the claim window will remain open for 30 days, after which any unclaimed funds will be returned to the Community Treasury.

The full list of recipient accounts and their corresponding proposed reward allocations can be found here.

Next Steps

We will submit an on-chain proposal for the community to vote on the proposed incentive distribution by next Monday, April 6, 2026 at the latest.

2

We’ve submitted proposal-376
Don’t miss the change to vote!