Trading Rewards and the 6-month Launch Incentive Program is live on the dYdX Chain. Trade now on dydx.trade

Full Trading on the dYdX Chain is now live

TL;DR

• Earn Trading Rewards in $DYDX
• Earn Staking Rewards in $USDC (some denominations for Gas fees may be in DYDX)
• 20M USD in $DYDX distributed as part of the 6-month Launch Incentive Program
• All protocol fees continue to accrue to Validators and Stakers
• BTC-USD, ETH-USD, SOL-USD, and LINK-USD markets are available for full production trading 
• Full access to Perpetual Order Types

Full Trading is live

Full Trading on the dYdX Chain officially commenced today at 8:21 am EST, Tuesday, November 28th, 2023. Trading rewards and the 6-month launch incentive program by Chaos Labs are enabled following a dYdX governance vote that endorsed the progression from the Beta Stage to Full Trading. BTC-USD, ETH-USD, SOL-USD, and LINK-USD markets are available for full production trading. Over the coming weeks more markets will continue to be added. Full Trading is a massive step toward full enablement of the dYdX Chain.

What does Full Trading include;

• The introduction of Trading Rewards in $DYDX 
• Establishment of the 6-month Launch Incentive Program, distributed in $DYDX
• Earn Staking Rewards in $USDC (some denominations for Gas fees can be in DYDX)
• BTC-USD, ETH-USD, SOL-USD, and LINK-USD markets are available for full production trading 
• All protocol fees continue accrue to Validators and Stakers

If you want to familiarize yourself with Trading Rewards contemplated in the initial software read the dYdX Trading blog and the 6-month Launch Incentive Program, read the Chaos Labs deep dive. During the 6 months of the Launch Incentive program you can access the Chaos Labs Portal and Leadership dashboard to see your current ranking and trading behavior on the dYdX Chain. The first ‘Trading Season’ which could last roughly 4-6 weeks, will test the Incentive program, subsequently a Chaos Labs recommendation will be published, with the dYdX Community deciding via a governance vote to progress to the second ‘Trading Season’. 

Stability and security of the dYdX Chain remain of paramount importance. DYDX token holders could continue to prioritize staking their DYDX with Validators of the dYdX Chain; the chain will be stronger as the Staker distribution becomes more decentralized . If you want to learn how-to-bridge ethDYDX to dYdX Chain DYDX, visit the how-to-bridge guide, if you want to learn how-to-stake DYDX to dYdX Chain Validators follow this how-to-stake guide. 

We are committed to ensuring transparency and will disseminate timely updates to the dYdX community. We will publish frequent updates, including statistics regarding total DYDX bridged and staked, Validator metrics, and trading data.

About dYdX Operations subDAO

The dYdX Operations subDAO current mandate is to support community engagement, deployment and maintenance of an indexer for the dYdX Chain and deploy, maintain and operate a Frontend User Interface for the dYdX Chain. Read the latest Ops subDAO updates.