A proposal to distribute 1,704,483 in DYDX tokens from the dYdX Chain Community Treasury to qualifying users in trading Season 8 of the dYdX Surge Program.
In Season 9, the total reward pool is $320,784 in DYDX. All rewards earned come from the 50% fee rebate on positive fees paid.
Motivation
In line with the dYdX Surge Proposal shared with the community, Chaos Labs will provide recommendations on the distribution of incentives to individual accounts.
The recommendations, and relevant data are openly published on the dYdX Community Forum. This transparency allows community members to see that accounts receiving substantial rewards contribute significant volume and generate actual fees on the platform. Those in the community who wish to verify this data independently can do so, as all information is verifiable on-chain.
Specification
In this allocation, 1,704,483 in DYDX tokens using a 30-day TWAP rate of 0.1882 are proposed to be distributed across 1,079 accounts.
The complete list of accounts and their respective proposed incentive allocations is available here.
Next Steps
Chaos Labs will sponsor a dYdX Chain on-chain proposal for the community to vote on the proposed incentive distribution shortly.
Copyright
Copyright and related rights waived via CC0.
Disclaimer
This post is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by Chaos Labs. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any additional security. Nothing in this report shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or offer or provide investment advice or service to any person in any jurisdiction. Nothing contained in this report constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this report should not be taken as advice to buy, sell, or hold any security. The information in this report should not be relied upon for investing. In preparing the information in this report, we have not considered any particular investor’s investment needs, objectives, and financial circumstances. This information has no regard for the specific investment objectives, financial situation, and particular needs of any specific recipient of this information, and the investments discussed may not be suitable for all investors. Any views expressed in this report were prepared based on the data available when such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable, including market or economic changes.
Throughout the program, Chaos Labs’ role is confined to providing recommendations regarding the allocation of rewards. The actual implementation and distribution of said rewards are subject to the formal approval process of the dYdX Chain governance votes. Any actions pertaining to reward distribution shall only be executed following affirmative governance votes within the dYdX Chain framework.