dYdX Surge Season 2

dYdX Chain
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We are thrilled to mark the conclusion of Season 1 in the dYdX Surge Program and to announce the start of Season 2.

This post is a quick announcement of the change of season with a more detailed review of key performance metrics to follow in the coming days. Any changes to the program will be announced along with this review.

The allocations to earn points will be:

  • 50% - Executing trades via taker orders on dYdX
  • 25% - Executing taker orders through one of the web or mobile interfaces
  • 25% - Extra points for staking DYDX to a dYdX Chain validator from a trading wallet. More staked DYDX = more points

In addition, extra points will be awarded to:

  • Users who traded on dYdX v3 and use the same Ethereum wallet to connect to the dYdX Chain.
  • Users who traded in the first 90 days after dYdX Chain was launched.
  • Trading in select markets, which will be announced soon.
  • Using new features, which will be announced soon.

The proposed distributions will be shared, and the proposal will be posted on Tuesday, 6 May 2025.

Next Steps

The timeline for next steps is as follows:

  • Share the proposed Incentive distribution for season 1 and post the DRC distribution proposal on-chain.by EOD Tuesday, 6 May 2025.
  • Share an analysis of the performance of the incentive program by EOD 9 May 2025.
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hey @chaoslabs are the points for season 1 include already boosts for web/mobile. I am looking at top10 and they have like 62% of all points and they are all API traders.

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Surge season 2 will introduce boosted points for trading in boosted markets! Traders in boosted markets will earn points at 2x the regular rate!

Initial boosted markets will be:

  • AIXBT
  • KAITO
  • SUI
  • XRP

Rewards Allocations

The Competition will have three reward categories, designed to ensure the rewards reach a wide range of users efficiently.

The allocations to earn points will be:

  • 50% General: Trading fee-based reward points, targeted at increasing activity as efficiently as possible. Trading in boosted markets will earn points at twice the rate of regular markets.
  • 25% Retail: Reserved for activity through one of the web or mobile user interfaces.
  • 25% Activation: Feature launches, v3 trader reactivation, staking boost, etc.

Chaos Labs has created a leaderboard here that offers full transparency into reward points and trader rankings.

Assume two users trade the equivalent amount of taker volume - one trader in the ETH-USD market via API (Trader A) and the other trading SUI-USD on the mobile app (Trader B). Given the extra points for trading in a boosted market and the retail bucket, Trader B will earn 6X more rewards on that given trade! This can increase by up to 20X if Trader B is a dYdX v3 trader, stakes sufficient DYDX, and trades in a boosted market!

How to Earn Rewards

  • General:
    • Executing trades via taker orders on dYdX (50% of the rewards budget)
    • Trading in boosted markets will double a traders points per trade.
  • Retail:
    • Executing taker orders through one of the web or mobile interfaces (25% of the rewards budget)
  • Current Activation (25% of the rewards budget):
    • Extra points for staking DYDX to a dYdX Chain validator from a trading wallet. More staked DYDX = more points
    • Extra points for users who traded on dYdX v3 and use the same Ethereum wallet to connect to dYdX Chain.
    • Extra points for users who traded in the first 90 days after dYdX Chain was launched
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