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- dYdX now offers zero maker and taker fees on BTC and SOL perpetual markets.
- Traders can earn ongoing rewards, including 50% fee rebates and a $1M prize pool.
- dYdX Trading Leagues run weekly competitions with prizes up to $250K.
dYdX traders can now enjoy full trading freedom on BTC and SOL markets. The platform announced that maker and taker fees are now zero. The change comes after community approval. Traders no longer face any fees when opening or closing positions in these markets.
“It’s free to use,” one post claims. “Zero fees” is repeated prominently throughout the announcement. “There are no limits,” and “there are no conditions,” another post says. The move shows that dYdX cares about giving more freedom to its users and improving conditions for trading.
In this enhancement, the involved markets will be able to reduce or waive trading fees. BTC and SOL markets are involved because traders find them popular and highly active. Removing the fees will result in more trading activity.
dYdX Keeps Traders Motivated with Rewards and Rebates
The opportunity to trade without fees is only one reason why users are encouraged to use the service this month. The trader still gets to enjoy the benefits that come with other incentives. Every user enjoys 50% rebates on positive trading fees until the end of the year. The rebates enable the trader to get a refund on the trading fees.
Additionally, there is the $1M prize pool that dYdX has rolled out in November targeting frontend traders. Traders are eligible to participate in the prize pool by trading on platforms such as Web, iOS, Android, and Telegram.
The platform has also introduced the dYdX Surge Program. This offers additional chances to qualify for rewards and ensures that traders remain motivated every month. The aim is to integrate tradable activities with financial rewards to make the platform more attractive.
dYdX Gamifies Trading with Leaderboards and Rewards
dYdX has introduced the Trading Leagues to further add to the gamification experience. The leagues run until November and come with prizes going up to $250K every week. Traders are ranked on the basis of profit and loss (P&L), as well as trading volume. The leagues are updated live.
The contest has been categorized into tiers depending on the trade volumes per week. The tiers are Tier 1, which involves trade values below $550 million; Tier 2, which involves trade values between $550 and $700 million; and Tier 3, which involves trade values above $700 million. The tiers offer greater rewards to those with higher trade values.
As dYdX offers free trading with rewards and well-structured leagues, it has positioned itself as one of the best decentralized platforms. Traders will be able to take advantage of lower fees, lucrative rewards, and an interactive environment.
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