Launch of Season 6 of the Launch Incentive Program

dYdX Chain
1

Season 5 Review and Launch of Season 6

We are thrilled to mark the conclusion of Season 5 in the dYdX Launch Incentive program and to announce the start of Season 6.

Recap of Season 5

Comprehensive End-of-Season Report

Chaos Labs has meticulously reviewed the second full trading season on the dYdX Chain, focusing on evaluating the impact of the Launch Incentives Program. The detailed analysis covering all facets of the exchange’s performance can be fully explored in our upcoming blog post.

Key Stats:

  • The dYdX Chain has seen over $33bn in trading volume across 105 live markets.
  • Over 4000 traders actively earn points through season 5 of the launch incentive program.
  • Funding rates in major markets have been more muted on the dYdX Chain this season. This can be attributed to low volatility and a maturation of the ecosystem.
  • The dYdX Chain has grown to approximately $136m USDC in TVL deposited on the exchange at the end of season 5, up 9% from the beginning of the season.

Incentives Distribution Proposal

As presented to the community in our original proposal, the end of each trading season will result in a Chaos Labs recommendation for incentive distribution per account.

We plan to share this proposal for a community vote shortly after a thorough analysis of the season’s trading data, emphasizing identifying and addressing any potential wash trading activities. Our objective in highlighting and countering such activities is to ensure the integrity and effectiveness of the program. By doing so, we aim to direct the trading incentives rightfully towards participants who engage in legitimate trading activities on the exchange. This approach is crucial in maintaining a fair and productive incentive structure, which rewards genuine contributions to the exchange and discourages practices that might compromise the program’s long-term objectives and success.

Next Steps

  1. A detailed analysis of season 5 will be published on our blog and the forums (18/07).
  2. Publication of the distribution proposal on the forums (23/07) - This is slightly delayed due to the complexity added to the front end and the staking boosts this season.
  3. Creation of the on-chain vote to distribute incentives (26/07).
2 Likes
2

Hi Team, are there issues with data popping up for some accounts? Since the start of new season, I am not able to view any data for my accounts on Chaos labs website and also it isn’t popping up on Leagues for season 6

3

Comprehensive End-of-Season Report

Chaos Labs has meticulously reviewed the fifth full trading season on the dYdX Chain, focusing on evaluating the impact of the Launch Incentives Program. The detailed analysis covers all facets of the exchange’s performance and can be fully explored in Chaos Labs’ blog post here.

1 Like
4

were rewards of Season 5 distributed already? is there a spreadsheet like before?

5

Next Steps

  1. A detailed analysis of season 5 will be published on our blog and the forums (18/07).
  2. Publication of the distribution proposal on the forums (23/07) - This is slightly delayed due to the complexity added to the front end and the staking boosts this season.
  3. Creation of the on-chain vote to distribute incentives (26/07).
1 Like
6

@chaoslabs - Is this something that can be addressed?

7

I have similar issue as well, I had maintained the requirements to minimal balance to qualify for the league but still my account isn’t popping up, how do i log a ticket?

8

Hey @yash Does your problem still persists?

9

Yes, it has been almost 2 weeks and my account isn’t popping up in any leagues.

11

I have tried connecting to DYDX live support but since Incentives program is solely run by Chaos Labs, they asked to contact @chaoslabs

16

This topic is temporarily closed for at least 4 hours due to a large number of community flags.

17

This topic was automatically opened after 4 hours.

19

I tried opening a position on BTC and closed it but still my account isn’t popping on any leagues. @chaoslabs I believe you can take a look or at least provide an explanation if it is not a bug

20

@sagar Please connect with us via a DM and we can take a look into what is happening.

21

Hello @chaoslabs , Season 6 of the Launch Incentive Program will follow the same structure to previous seasons 5?

22

Hi @chaoslabs , When does the Season 6 end, in 10 day between?
There was no information above.
And this is the last season?

23

Hi @Monke yes season 6 will follow the same structure as season 5.

@olegas Season 6 will end in the 10 days between 18 and 28 August.

26

I believe Season 6 is coming to an end soon, but someone transferred $130 to my account to lower my PNL in trading league :hot_face: . Because of that, my ranking on the leaderboard has dropped. When I think about who benefits from this, it’s pretty clear who the culprit is, but I think it would be difficult to prove.

Therefore, I would like to request that any deposits made near the end of Season 6 be excluded from the PNL calculation for the trading league.

1 Like
27

Wowi, this is something new, i can feel for you but not sure whether this can be addressed

28

Now that I’ve revealed how to lower someone else’s rank, if CHAOSLABS doesn’t commit to addressing this issue, it could lead to a hellish situation where competitors start sending money to each other to manipulate the rankings.