The dYdX team announced the launch of a trading rewards program for validators and stakers. At the same time, the dYdX community expressed support for the implementation of a six-month incentive program.
dYdX Operations announced the activation of a trading rewards program, according to which validators and stakers will receive 100% of commissions in dYdX Chain. Representatives of the company told Incrypted about this
The press release states that on November 28, 2023, the dYdX community also voted to implement Chaos Labs' proposed six-month incentive program. It provides for the distribution of DYDX tokens worth $20 million among early users.
At the time of the announcement, the following trading pairs are available on the platform: BTC/USD, ETH/USD, SOL/USD and LINK/USD. More markets may be added in the coming weeks.
Since the launch of the beta stage, the trading volume on the platform has reached more than $1.86 million, users have completed approximately 14,000 transactions and more than 1,080 USDC has been distributed among validators and stakers.
