{"id":24779,"date":"2023-11-28T16:08:35","date_gmt":"2023-11-28T16:08:35","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dydx-trading-and-launch-rewards-live-after-governance-vote\/"},"modified":"2023-11-28T16:08:35","modified_gmt":"2023-11-28T16:08:35","slug":"dydx-trading-and-launch-rewards-live-after-governance-vote","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dydx-trading-and-launch-rewards-live-after-governance-vote\/","title":{"rendered":"dYdX trading and launch rewards live after governance vote"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701186992081-3a61f200-188f-4727-8f9d-8b8a87679cfb-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701186992081-3a61f200-188f-4727-8f9d-8b8a87679cfb-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701186992081-3a61f200-188f-4727-8f9d-8b8a87679cfb-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701186992081-3a61f200-188f-4727-8f9d-8b8a87679cfb-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">dYdX trading and launch rewards went live on the dYdX Chain on November 28.<\/li>\n<li dir=\"ltr\">dYdX users can now earn rewards for using the dYdX Chain, with $20 million set for launch rewards.<\/li>\n<\/ul>\n<p dir=\"ltr\">dYdX trading rewards are live on the dYdX Chain, the decentralised derivatives trading protocol <a href=\"https:\/\/twitter.com\/dYdX\/status\/1729501539524346079\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> on Tuesday.<\/p>\n<p dir=\"ltr\">This comes as the platform began its full trading after progressing from the beta stage, with the move made possible following a community vote.\u00a0<\/p>\n<h2 dir=\"ltr\">dYdX Chain progresses to full production trading<\/h2>\n<p dir=\"ltr\">The dYdX Chain\u2019s mainnet beta went live on November 14, with trading available across 33 markets and offering leverage of up to 20x. The platform recorded more than $1.86 million in trades across some 14k transactions over the two weeks.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Trading and Launch Rewards are live on dYdX Chain! \u2728<\/p>\n<p>Traders can now earn rewards when they use dYdX Chain available via the <a href=\"https:\/\/twitter.com\/dydx_ops_subdao?ref_src=twsrc%5Etfw\">@dydx_ops_subdao<\/a>!<\/p>\n<p>Let\u2019s dive into the details:<a href=\"https:\/\/t.co\/MGiRUzBSMV\">https:\/\/t.co\/MGiRUzBSMV<\/a> <a href=\"https:\/\/t.co\/BinqsKw5x7\">pic.twitter.com\/BinqsKw5x7<\/a><\/p>\n<p>\u2014 dYdX (@dYdX) <a href=\"https:\/\/twitter.com\/dYdX\/status\/1729501539524346079?ref_src=twsrc%5Etfw\">November 28, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">With 100% of trading fees accrued by traders, the launch of full production trading on November 28 opens up trading rewards distribution to users. Unlike staking rewards, trading and launch rewards were inaccessible to traders during the beta stage.\u00a0<\/p>\n<p dir=\"ltr\">Rewards are paid in the native <a href=\"https:\/\/coinjournal.net\/dydx\/\">DYDX token<\/a>.<\/p>\n<p dir=\"ltr\">\u201c<em>Following the conclusion of the governance vote earlier today, trading rewards are now fully enabled. Staking rewards for validators and stakers will continue to be paid in USDC and DYDX<\/em>,\u201d the dYdX Chain team wrote in a <a href=\"https:\/\/dydx.exchange\/blog\/v4-full-trading\" rel=\"noopener noreferrer\" target=\"_blank\">blog post<\/a>.<\/p>\n<p dir=\"ltr\">Approximately 50,000 DYDX are available to traders as rewards each day and will be distributed immediately rather than traders having to wait for a month.<\/p>\n<h2 dir=\"ltr\">$20 million approved for launch incentives program<\/h2>\n<p dir=\"ltr\">Other than the trading rewards, the community is also poised to benefit from a launch incentives program. Chaos Labs, an economic security and risk management platform for DeFi protocols, will manage the program while the dYdX Foundation will handle the distribution.<\/p>\n<p dir=\"ltr\">$20M of DYDX was approved for the incentives, with the funds taken from the dYdX Chain Community Treasury. The rewards will be distributed to the community over the next six months \u2013 80% of which will be for trading activity and 20% for market maker activity.<\/p>\n<p dir=\"ltr\">According to today\u2019s announcement, the launch incentives program will monitor the protocol, with possible adjustments to the above weights taken in tandem with the activity on dYdX Chain.<\/p>\n<p dir=\"ltr\">Full trading on the dYdX Chain will initially support four markets \u2013 Ethereum (ETH), Bitcoin (BTC), Solana (SOL) and Chainlink (LINK).\u00a0<\/p>\n<p dir=\"ltr\">New markets will be added continuously over the next few weeks, with these available via the dydx.trade frontend operated by the dYdX Ops subDAO, a community-run dYdX DAO.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dydx-trading-and-launch-rewards-live-after-governance-vote\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) dYdX trading and launch rewards went live on the dYdX Chain on November 28. dYdX users can now earn rewards for using the dYdX Chain, with $20 million set for launch rewards. dYdX trading rewards are live on the dYdX Chain, the decentralised [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24779"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24779"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24780"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}