Positive flywheel: repurchasing tokens with transaction fees and then using the tokens for subsidies!
Perhaps many friends have not noticed that as early as April 2025, dYdX announced: the launch of a 9-month trading reward program with a total prize of up to 20 million USD.
In the latest season (the proposal for November's S8), the reward is still the DYDX token worth 1 million USD, with 250,000 USD per week.
But the focus is on the reform of the reward mechanism: moving from a single transaction incentive to a more comprehensive community-driven ecology.
🤔 The core direction of the proposal can be summarized as:
1️⃣ Basic level: No longer limited to trading, but emphasizing overall activity and contribution.