Zero-Fee Revolution: dYdX Unleashes Bitcoin & Solana Perps with $1M Bonus Pool
Decentralized trading just went nuclear. dYdX—the perpetual swaps powerhouse—dropped trading fees to zero for Bitcoin and Solana contracts. And they’re backing it with a cool million in rewards.
The Fee Massacre
No more 2am 'why did I just pay $50 in slippage?' regrets. The platform axed fees entirely for its two most liquid markets. Traders get pure upside—unless they blow their positions, of course.
Million-Dollar Carrot
That $1M reward pool? Classic DeFi behavior—dangle juicy APYs until the degens arrive. Early movers will farm it hard before the inevitable TVL dilution.
Why This Burns CEXs
CEXs still charging 0.1% per trade just felt their moats evaporate. When decentralized venues offer better pricing than Coinbase, the old guard’s days are numbered—unless they adapt (unlikely).
Bullish for traders. Brutal for legacy exchanges. And another step toward the zero-fee future Wall Street swore was 'impossible.'
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.
Trade $BTC and $SOL perps for free on dYdX 🤝
The community has voted – zero Maker and taker fees are live on BTC and SOL markets.
No catches, no limits. Just pure trading freedom.https://t.co/9Liumhn1dY pic.twitter.com/8egVeWuybP
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.
A new era of affiliate rewards has arrived.
Affiliates can now earn up to 50% commission – the more volume you drive, the higher your rewards.
Transparent. Dynamic. Built for performance.https://t.co/tqYLsJ6MNo
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.
