The caliber of thought that has gone into the posts in this thread reflects the passion and thoughtfulness of the dYdX community. There are too many good ideas on the program structure here to respond to each one individually, but we can assure the community that they are heard and will be carefully considered over the coming months should the program continue.
To further facilitate tracking of ideas and discussions, we’ve created this thread for community input on the program design, should the decision be made to continue. The ideation thread will be a key space for open brainstorming, where we will actively participate to help develop the best incentive structure for dYdX Unlimited. The community can expect Chaos Labs to closely monitor all feedback and suggestions related to distributing incentives to traders on the dYdX Chain.
This DRC proposal solely aims to decide whether to continue the launch incentive program by Chaos Labs and, if so, whether $20 million over 6 months is an appropriate budget.
The program complements the existing native reward system, which is entirely fee-based. The launch incentive program improves upon this by allowing targeted incentives for retail traders and specific segments when appropriate. The incentive design governing this program is open for revision, and the ideation thread will be crucial in shaping any necessary changes.
If this proposal passes there are two further levels of program governance:
We will share an overview of the revamped program on the forums for community discussion in the weeks leading-up to the re-launch with dYdX Unlimited. As always, community feedback will play a crucial role in shaping the final design.
The dYdX community will also vote on the distribution of each season’s incentives providing a second layer of oversight on the program. Each season will be accompanied by our usual in-depth reporting to ensure transparency and so the community is adequately informed.
This is an extremely important decision for the community with significant repercussions for dYdX Chain growth. Once activity and attention is lost it can be difficult and more costly to win back. We urge the community to take the time to consider the merits of trader incentives before deciding on the best path forward.