The Surge program has undergone a few iterations this season to provide retail traders with a greater incentive to trade on dYdX.
Season 3 introduces the following changes:
- Surge Season 3 will introduce a new Loyalty Booster that rewards traders with higher multipliers, up to 1.5x, on their General rewards based on the number of days they actively trade each month.
- A modified Staking Booster will reward traders who grow their stDYDX balance throughout the Surge season compared to their previous season’s holdings.
- The rewards calculation will no longer include rewards for v3 address activations and trading activity during the first 90 days of Surge.
There will also be a minimum rewards payout of 10 DYDX at the end of the season to ensure that rewards are concentrated where they will create a tangible impact for traders. Traders earning less than this will not be included in the final distribution.
Boosted markets this season will remain:
- 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:
- 45% 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. Trading more days in the season will add up to a further 1.5x boost. A minimum of $1 in daily fees will be required to qualify for daily trading activity.
- 40% Retail: Reserved for activity through one of the web or mobile user interfaces.
- 15% Activation: Staking boost will reward traders who grow their stDYDX balance throughout the Surge season compared to their previous season’s holdings.
Chaos Labs has created a leaderboard here that offers full transparency into reward points and trader rankings.
How to Earn Rewards
- General (45% of the rewards budget):
- Executing trades via market orders on dYdX
- Trading in boosted markets will double a trader’s points per trade.
- Every trading day gives +1.67% of the base General reward. A minimum of $1 in fees per day will be required to qualify.
- Retail (40% of the rewards budget):
- Executing market orders through one of the web or mobile interfaces (25% of the rewards budget)
- Activation (15% of the rewards budget):
- Extra points for staking DYDX to a dYdX Chain validator from a trading wallet. More staked DYDX = more points.
- Staking boost will only reward traders who grow their stDYDX balance over each Surge season compared to their previous season’s holdings.