dYdX Incentive Program Season 5 Ends, Season 6 Coming Soon!

Bittime - dYdX has completed the fifth season of the incentive program and will soon distribute rewards in the form of DYDX tokens. After that, dYdX will also begin its sixth season incentive program.

Incentive Program dYdX Fifth Season

dYdX incentive program fifth season has achieved various achievements. With total trading volume reaching over $33 billion across 105 active markets on the dYdX chain, this milestone represents significant growth. More than 4,000 active traders are involved in this incentive program, demonstrating a high level of participation and commitment to the platform.

Highlights of dYdX's Achievements in the Fifth Season

Following are the highlights of the achievements of the fifth season of dYdX's incentive program.

1. Trading Volume: dYdX chain recorded a trading volume of over $33 billion across its active markets. This shows strong growth and consistent interest among traders.
2. Trader Participation: More than 4,000 active traders participated in the fifth season of the incentive program, seeking to collect points and take advantage of the benefits of the program.
3. Funding Levels: In this season, funding levels in major markets tend to be stable. This can be attributed to the low volatility and maturity of the dYdX ecosystem.
4. Total Value Locked (TVL): TVL on dYdX chain reached approximately $136 million USDC at the end of season five, an increase of 9% from the start of the season. This increase reflects growing trust in the platform.

Fifth Season Incentive Distribution

After the fifth season ends, Chaos Labs will compile a detailed analysis report on July 18. This report will evaluate the overall performance of the season and provide recommendations for incentive distribution per account. 

The proposal will be published on July 23 in the community forums, although there is a small delay due to the added complexity of the front end and the staking push this season.

On July 26, dYdX will hold an on-chain vote to determine the distribution of incentives. The goal is to ensure that incentives are provided to participants who engage in legitimate trading activities and prevent detrimental trading practices.  

Incentive Program dYdX Season Six

With the conclusion of the fifth season, dYdX is excited to announce the launch of the sixth season incentive program. This sixth season promises distribution of an additional $5 million in DYDX tokens among 2,700 accounts. 

In addition, mThe sixth season will continue the main objectives of the incentive program, namely encouraging active participation and increasing trading volume on the platform. With greater incentives, it is hoped that more traders will get involved and contribute to the growth of the dYdX ecosystem.

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