Summary
This proposal seeks community approval to distribute 1,194,580.72 DYDX tokens from the dYdX Chain Community Treasury to qualifying users for Season 10 of the dYdX Surge Program.
For Season 10, the total reward pool amounts to $215,024 in DYDX, with all of the rewards allocated towards the 50% trading fee rebates on positive fees paid. This approach continues the simplified incentive structure approved under the dYdX Surge Extension Proposal, directly linking rewards to meaningful trading activity on the protocol.
Motivation
Consistent 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 10, CLC, with support from dYdX Labs conducted a detailed review of on-chain trading activity to ensure rewards are allocated to accounts engaging in genuine and organic trading. This analysis includes identifying and excluding behavior indicative of artificial volume generation or wash trading, with the objective of preserving the integrity and effectiveness of the Surge program.
To maintain transparency and accountability, the recommended allocations and supporting data have been published on the dYdX Community Forum.
Specification
This proposal recommends the distribution of 1,194,580.72 DYDX tokens, calculated using a 30-day TWAP price of $0.18, across 1,225 eligible accounts for Season 10.
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 shortly.