dYdX is offering an exciting opportunity for traders to enhance their earnings with the $5 million incentives pool in Season 6 of the dYdX Launch Incentives Program. Here’s a breakdown of how you can make the most out of this program:
Earn More by Trading More
The core principle of the dYdX Launch Incentives Program is simple: the more you trade, the more you earn. By increasing your trading activity on the dYdX Chain, you can accumulate points that translate into a share of the $5 million pool. This incentive encourages traders to stay active and engaged, making it an excellent opportunity for both new and experienced users.
Boost Your Rewards with DYDX Staking
Stakers of DYDX, including those holding Liquid Staking Tokens (LST) like stDYDX from Stride and stkDYDX from pStake, can earn up to 50% more points. This bonus is based on the average amount staked, offering significant additional rewards for those committed to the platform. Staking DYDX not only enhances your earning potential but also contributes to the security and stability of the network.
To stake DYDX with Stakecito, follow our guide linked here.
Take Advantage of Front-End Bonuses
dYdX users can benefit from a 1.5x points multiplier by trading through the platform's web, iOS, or Android applications. This bonus is applied at the end of the season, providing an incentive to utilize these user-friendly interfaces for all your trading activities.
Explore Market Diversity Incentives
Traders can earn 2x points by engaging in non-major markets, excluding BTC, ETH, and SOL. This Market Diversity Incentive encourages exploration and trading in a broader range of assets, promoting activity across various markets.
New Depositors Get Extra Rewards
If you’re new to dYdX, there’s an added bonus for you! The first 1,000 new accounts with the highest taker volume will receive a $100 bonus. This incentive is designed to welcome new users to the platform and encourage them to participate actively.
Compete in Trading Leagues
Trading Leagues continue to be a popular feature of the dYdX Launch Incentives Program, offering a substantial $800,000 in prizes. These leagues encourage healthy competition among traders, rewarding the top performers based on their trading activity and success.
Market Maker Rewards
For market makers, there’s a generous $1 million reward pool available. Market makers who contribute over 0.25% of the maker volume are eligible for these rewards. This incentive focuses on contributions to trading volume, particularly in less liquid markets and during periods of volatility.
Join Now and Start Earning
With Season 6 of the dYdX Launch Incentives Program ending soon, now is the time to take action and maximize your rewards. Whether you’re trading more, staking DYDX, or exploring new markets, there are countless opportunities to enhance your earnings. Head over to dydx.trade to start participating and unlock your potential in this dynamic trading environment.
For more information on the program and detailed calculations, check out the market maker reward calculation at chaoslabs.xyz/posts/dydx-v4-launch-incentives#813acd582167 and the full program announcement at dydx.foundation/blog/season-6-incentives-program.
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About Stakecito Labs
At Stakecito Labs, we've honed our craft as validators. Our reputation as the third-largest validator by delegation count within the Cosmos ecosystem speaks to our unwavering dedication and the trust placed in us by over 270,000 delegators worldwide.
Our validation services are not just about maintaining Cosmos blockchain networks though; we validate networks outside of Cosmos as well (NEAR, Aleph Zero, etc.).
Our core mission is centered on demystifying blockchain technology to ensure it's accessible for everyone, from newcomers to seasoned investors. To begin staking, visit our homepage.
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