DYdX launched a $20 million "Surge Incentive Program" for a duration of nine months, hoping for liquidity to flow back.

The decentralized exchange dYdX announced the launch of the "Surge Program", which will last for nine months and offer a total of 20 million USD in rewards, designed to incentivize active participation from users through gamified competitions and community governance, with the hope of injecting new momentum into the platform and revitalizing the DeFi ecosystem.

$20 million rewards pool, igniting trading momentum

The newly launched "Surge Program" by dYdX officially started yesterday. The program spans nine months and will distribute up to $20 million in $DYDX token rewards. This program was jointly designed by the dYdX community and the risk management firm Chaos Labs, and it was approved through a governance proposal. The goal is to enhance trading activity, attract more liquidity, and recall old users.

One leaderboard. Nine seasons. $20M on the line.

Compete for your share of monthly $DYDX rewards with the dYdX Surge Program.

Find out more pic.twitter.com/uz1xBZCPs6

— dYdX (@dYdX) April 7, 2025

The event adopts a monthly "season" system, allowing participation without registration. All qualified traders will automatically accumulate points and compete for the leaderboard, with rewards distributed at the end of each season.

It is worth mentioning that the Surge plan is completely community-led and operates through DAO governance. The plan originated from governance proposal No. 236, which received overwhelming support:

Monthly reward distributions, eligibility criteria, and bonuses can all be adjusted based on proposals, ensuring flexibility in market demand and reinforcing the community's long-term trust in dYdX.

Three categories of rewards, taking into account both new and old users

The reward structure of the Surge program is divided into three main categories, aiming to balance high-active users and potential users:

General category (50%): Based on the distribution of trading fees, encourage high trading volume users to participate.

Retail (25%): Exclusive to participants who use the official website or app.

Active category (25%): Rewards for historical users who have used dYdX v3 or earlier v4 and specified feature operations.

This design not only enhances the trading experience but also promotes interaction and engagement between new and old users on the platform.

Diverse participation paths, creating a strategic arena

dYdX Surge emphasizes equal importance on strategy and participation, allowing traders to earn points through the following methods:

Execute taker trades on dYdX Chain

Place orders using the official website or App

Stake DYDX tokens to validators

Trade in the designated "boosted markets (" for each season.

Use your old wallet to re-engage in trading activities

This model greatly enhances interactivity and strengthens the sense of competition through a leaderboard mechanism, further creating a community-oriented and gamified trading atmosphere.

dYdX hopes to set a new benchmark for DeFi rewards.

Even the DEX giants that recorded a trading volume of $270 billion in over 150 markets worldwide last year seem to be feeling the lack of market liquidity now:

We hope that the Surge program will not only provide short-term incentives, but also build a long-term stable and close user community through staking, feature participation and loyalty.

dYdX breaks the traditional DEX thinking through the "Surge Program" and creates a participatory and sustainable DeFi competition platform based on high rewards and community governance. In the coming months, the results of this plan will also be in the spotlight.

)dydx Annual Report: DEX derivatives trading volume is expected to reach 3.48 trillion USD by 2025, with US regulations as the main driving force(

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