dYdX is the market leader in developing trustless & open protocols for advanced crypto-financial products.On August 3, 2021, the dYdX protocol launched its governance token DYDX, which aims to decentralize the protocol over time.
Users can trade on the dYdX Layer 2 protocol to receive DYDX as rewards, thereby participating in the governance of the dYdX protocol.
DYDX will be distributed on a 28-day epoch basis over five years and is not subject to any vesting or lockups. 3,835,616 DYDX will be distributed per epoch.
At present, the first epoch of DYDX trading rewards has ended, and the second epoch has started.
Event Time:
2021/08/31 23:00 - 2021/09/28 23:00（SGT）
Event Rules:
- Trading rewards: The trading time of this epoch is 2021/08/31 23:00-2021/09/28 23:00 (SGT). During this period, any amount of trading volume in the dYdX Layer 2 protocol can earn you a share of 3,835,616 DYDX. The more you trade, the more DYDX you will get!
Trading score= (Personal trading scoreTotal trading score) 3835616 DYDX
Personal trading score=Total fees paid by a trader in this epoch 0.7A trader’s average open interest across all markets in this epoch - How to participate: Click here to enter the event page, and click "Onboarding" to connect your wallet to start the trade. If you have already connected the wallet, then you can skip the "Onboarding" part and directly start trading (Please note that a certain amount of USDC is required as a margin).
- How to claim your rewards: We will settle the data on the last day of this epoch, namely,September 28. You can claim your rewards one week after the event.
Trade here: Click here