dYdX

Surge Season 5 officially begins on August 1, with a major expansion: the total monthly rewards pool has doubled to $3 million in DYDX - making it one of the largest on-chain trading incentive programs in the industry.
<a href="https://dydx.forum/t/dydx-surge-season-5-updates/3743/2" rel="noopener noreferrer nofollow">Administered by Chaos Labs</a>, the program is designed to directly reward traders for trading on dYdX. Season 5 simplifies the structure, eliminates complexity, and puts trading activity at the centre of the rewards model.
<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>$3M in rewards in Season 5</li>
 <li>No staking multipliers or boosted markets</li>
 <li>All markets and traders compete on equal footing</li>
 <li>Rewards based on fees paid and front-end usage</li>
</ul>
This streamlined approach means traders earn more, faster - just by doing what they already do. Trading.
<h3 id="reward-structure">Reward Structure</h3>
Surge Season 5 will distribute $3M across two pools:
<ul>
 <li>75% ($2.25M): Proportional to trading fees paid, across all perpetual markets on dYdX.</li>
 <li>25% ($750K): For traders who use front-end interfaces like <a href="https://dydx.trade/" rel="noopener noreferrer nofollow">dydx.trade</a>, on the mobile app.</li>
</ul>
Whether you trade via web, mobile, or app, your rewards accrue automatically - no sign-up or opt-in required.
<h3 id="what-s-changed">What’s Changed</h3>
Season 5 introduces a simpler, fairer structure:
❌ No more staking boosts
❌ No more boosted markets
❌ No complex weighting formulas
All traders, all markets, and all front-ends now follow the same clear rules. The more you trade and the more fees you pay, the more you earn.
<h3 id="how-it-works-with-examples">How It Works (with Examples)</h3>
👉 Example 1: You pay $10,000 in fees during August.If all traders paid $10M in fees total:→ You earn: (10,000 / 10,000,000) × 2,250,000 = $2,250
👉 Example 2: You trade via dYdX.trade, paying $1,000 in fees.If all frontend traders paid $10M in fees:→ You earn: (1,000 / 10,000,000) × 750,000 = $75
Both pools? You qualify for both rewards.
<h3 id="program-administration">Program Administration</h3>
The Surge Program is operated by Chaos Labs, a leading risk and data infrastructure provider, under a mandate <a href="https://www.mintscan.io/dydx/proposals/236" rel="noopener noreferrer nofollow">approved</a> by the dYdX Community. Rewards are calculated by Chaos Labs based on verified on-chain data and distributed via on-chain governance.
This ensures full transparency, fairness, and verifiability of the rewards process. With $3M in rewards, Season 5 significantly raises the bar for incentive alignment in DeFi.
<h3 id="get-started">Get Started</h3>
There’s no need to sign up. Just trade. Literally.
✅ Trade any perps market✅ Pay fees✅ Use <a href="https://dydx.trade/" rel="noopener noreferrer nofollow">dydx.trade</a> or the mobile app✅ Earn rewards - automatically
Rewards will be distributed after the end of each month, and all program details are publicly accessible via Chaos Labs and the <a href="https://dydx.forum/t/dydx-surge-season-5-updates/3743" rel="noopener noreferrer nofollow">dYdX forum</a>.
To explore all dYdX Markets: <a href="https://dydx.trade/" rel="noopener noreferrer nofollow">https://dydx.trade</a>

Surge Season 5 Launches on dYdX with $3M in Monthly Trading Rewards and a Simplified Structure

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