{"id":203233,"date":"2023-11-30T02:48:13","date_gmt":"2023-11-29T21:18:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203233"},"modified":"2023-11-30T02:48:13","modified_gmt":"2023-11-29T21:18:13","slug":"dydx-chain-launches-trading-rewards-program-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dydx-chain-launches-trading-rewards-program-crypto-news\/","title":{"rendered":"dYdX Chain Launches Trading Rewards Program &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Leading decentralized perpetuals exchange will distribute $20M of DYDX to active traders over six months.<\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/dydx-doubles-down-on-decentralization\">dYdX<\/a>, the leading decentralized perpetuals exchange, has launched a program to attract users and boost liquidity on its recently launched Cosmos-based appchain, dYdX Chain.<\/p>\n<p>Users will receive DYDX tokens as rewards based on their trading activity, with $20M worth of tokens being distributed over a six-month period. To ensure the program&#8217;s integrity, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chaos_labs\/status\/1729540942313517301\">Chaos Labs<\/a> will identify and disqualify wash trading practices. This will prevent users from attempting to exploit the system and ensure that rewards are allocated to genuine participants.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dydx.exchange\/blog\/v4-full-trading\">launch<\/a> of trading incentives coincides with the conclusion of dYdX Chain&#8217;s beta phase. Initially, the available trading pairs consist of BTC, ETH, SOL, and LINK, with additional pairs expected to be gradually introduced in the upcoming weeks.<\/p>\n<p>The dYdX operations subDAO team said more than 437M ethDYDX tokens have already been bridged to the dYdX Chain, and 16.4M DYDX is staked on the platform.<\/p>\n<p>Last week, dYdX faced <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/web3-community-slams-dydx-for-centralized-response-to-alleged-market-manipulation-attack\">criticism<\/a> from the community when its founder, Antonio Juliano, revealed a $9M shortfall resulting from what he described as a targeted attack. Juliano has stated that the incident is being reported to the FBI as a case of market manipulation. Fortunately, users&#8217; funds remained unaffected as the protocol\u2019s insurance fund covered the shortfall.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/dydx-ethdydx\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">DYDX Price<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>The DYDX token is down 7% in the past week ahead of a scheduled unlock of 150M tokens on December 1.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading decentralized perpetuals exchange will distribute $20M of DYDX to active traders over six months. dYdX, the leading decentralized perpetuals exchange, has launched a program to attract users and boost liquidity on its recently launched Cosmos-based appchain, dYdX Chain. Users will receive DYDX tokens as rewards based on their trading activity, with $20M worth of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":203234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-203233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203233"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203233\/revisions"}],"predecessor-version":[{"id":203236,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203233\/revisions\/203236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203234"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}