About Nethermind Research Nethermind DeFi Research provides technical research and advisory services to venture capital firms, hedge funds, and protocol teams. Our focus areas include protocol due diligence, quantitative modeling, tokenomics design, and risk analysis. All outputs are grounded in cry…

It’s essential that any fee holiday implementation includes BTC and ETH, not just altcoins. These two markets anchor overall liquidity and trader activity across dYdX. Data from Drift clearly shows that BTC fee holidays generated the highest share of genuine volume growth (+306% after adjusting for…

We intend to submit the proposal as an expedited governance proposal immediately following the v9.4 upgrade. The timing is strategic—bundling fee holidays with dynamic leverage and trading leagues creates a cohesive protocol push to capture trader participation early. Expedited submission ensures w…

Following the success of the BTC/SOL fee holiday campaign in November, we would like to continue the initiative throughout December to further support protocol volume. We intend to submit a proposal for the December fee holiday around Wednesday/Thursday next week

Of course offering trading for free brings more volume. But free trading means no trading fee revenue and hence no revenues for stakers and validators, did you forget about this in your analysis? @staza as you also mentioned this fee holidays isn’t contradictory with your buybacks proposal? @netherm…

We are in favor of extending the fee holidays. Over the past campaigns, dYdX has clearly seen increased volume and activity, and given where we are in the current market cycle, it is important to keep offering strong incentives like fee holidays to attract new users and showcase dYdX at its best, es…

[image] Stakecito Labs: that make the exchange more competitive and attractive for active market participants. Yes, because with fee holidays validators and stakers we are subsidizing dYdX from our pockets which is what allows the fee holidays. If all stakers undelegate because 0 revenues, an…

Hi dYdX Community, dYdX’s partnership with BONK is set to launch in February 1, 2026. In relation to this, we would like to propose fee holiday campaign on BTC & BONK for then month of February. We will submit the on-chain proposal later today. Thank you.

Hi dYdX Community, Following the launch and the proposal for February, we would like to propose extending the BTC & BONK Fee Holiday through the month of March as well. We believe extending this campaign will help maintain the momentum of the partnership. We will submit the on-chain proposal for t…

[DRC] Fee Holidays on dYdX

Proposals

nethermind December 18, 2025, 7:33am 5

Following the positive results of our BTC/SOL fee holiday campaign, we plan to extend this initiative through January. We will submit a formal proposal by early next week.

Topic		Replies	Views
[DRC] Simplifying the fee tiers Proposals drc	6	365	September 25, 2025
DRC - Remove DYDX/stkDYDX Trading Fee Discounts Proposals	2	2587	April 21, 2023
[DRC] Staking-Based Fee Discount Program Proposals	0	218	October 23, 2025
V4 Vanguard - Thoughts About dYdX's Future dYdX Chain	0	895	April 5, 2023
State of DYDX Finances Epoch 23 Treasury	10	912	July 10, 2023

[DRC] Fee Holidays on dYdX

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