- dYdX launches zero trading fees for BTC and SOL perpetual markets following community vote.
- Ongoing reward programs include 50% fee rebates and $1M in monthly trader prizes.
- v9.4 upgrade introduces a sliding affiliate fee system, offering up to 50% revenue share.
dYdX has officially removed maker and taker fees for its Bitcoin (BTC) and Solana (SOL) perpetual markets. This change comes after a community vote, giving traders unrestricted access to fee-free trading. There are no limits or conditions; users can now trade these markets freely, marking a significant step in the platform’s community-driven approach.
This update follows the recently approved v9.4 release of the dYdX protocol. The upgrade allows specific markets to enjoy reduced or zero trading fees during selected periods.
Alongside fee-free trading, it continues to reward users through ongoing programs. Traders still benefit from 50% rebates on positive trading fees until the end of the year. In addition, front-end traders have access to a $1 million DYDX prize pool throughout November.
The platform has also launched the dYdX Trading Leagues, a four-week competition with up to $1 million in total prizes. Rewards are distributed weekly, with pools ranging from $100,000 to $250,000 based on trading volume. Participants can compete across Web, iOS, Android, and Telegram platforms, with dynamic leaderboards highlighting both profit and trading volume.
dYdX Launches v9.4 Software Upgrade
The v9.4 software upgrade includes the Sliding Affiliate Fee Feature, which is a new system for affiliate rewards. The old fixed VIP level system is now replaced by a volume-based system, which will change affiliate fees based on affiliate performance.
Under this scheme, the affiliates can start with a 30% commission on taker fees but will have a maximum commission of 50% based on their accumulated trading volume in 30 days.
For instance, when affiliates generate over $10 million worth of business in one month, it qualifies them for a 50% revenue share. Such metrics increase performance levels, ensure equity, and ease control by offering automatic levels without any proposal.
As analysts have pointed out, this dynamic system is likely to greatly enhance participation and encourage affiliates to motivate activities, thus placing this particular update amongst the most influential ones on this ecosystem.
Aligning Zero Trading Fees Boosts Community Engagement
The integration of no trading fees, rewards, and enhanced affiliate rewards cements dYdX’s position on community development. This is because it allows voting on important updates by the community and rewards based on performance, which encourages a level playing field where traders and affiliates have equal benefits for their contributions.
Also Read: DYDX Faces 11% Weekly Loss but Analysts See $0.90 Rebound Ahead
