21.3 C
London
Friday, September 17, 2021

DYdX Airdrop Review: Low Fees, No gas Costs

- Advertisement -
binance 728x90 banner

About DYdX Airdrop

DYdX Airdrop is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol (“the protocol”). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol.

DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users.

Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

PlatformTotal ValueMax. ParticipantsWebsite
ETH75,000,000 DYDXUnlimitedClick Here To Visit

Step No 1

Register for the DYdX Airdrop, by creating an account.

Step No 2

Verify your email & log in to your account.

Step No 3

Take part in the referral program and invite 3 friends.

Step No 4

Join DYdX Airdrop on Telegram group & Telegram channel

Step No 5

Follow DYdX Airdrop on Twitter & like/share the pinned tweet and tag 3 friends.  

Step No 6

Like/follow DYdX Airdrop Now, everyone can become a Airdrop on Facebook & like/share the pinned post.  

Interface

Governance

Active and past governance proposals can be viewed, and active governance proposals can be voted on. Holders of DYDX and stk DYdX Airdrop are granted two types of governance powers: proposing power and voting power. Via the dashboard, users may view their proposing and voting powers, and delegate them to other addresses.

Staking

Users can stake USDC and DYDX to earn staking rewards.

Trading Rewards

Users can view their rewards earned through trading activity on the layer 2 exchange. Trading rewards are distributed every 28 days according to an epoch schedule.

Portfolio & Claiming DYDX

Users can see an aggregated view of their holdings, claimable , staked , and withdrawable . Users can see the current circulating supply and daily distribution of DYDX tokens. Users can also claim all available rewards.

Fee Discounts

DYdX Trading Inc. is currently offering holders trading fee discounts based on their current holdings of DYDX tokens. Traders can see their current holdings, fee tier, and trading fee discounts here.

Restrictions

DYdX Airdrop is not available in the United States or other prohibited jurisdictions. If you are a resident of, or incorporated or headquartered in, the United States of America or another prohibited jurisdiction, then you are not permitted to receive a distribution of, or transact in,.

Retroactive Mining Rewards

7.50% of the initial token supply (75,000,000 DYDX) will be distributed to past users of any dYdX protocol who complete certain trading milestones on the Protocol, except for users located in a jurisdiction where DYDX is not permitted, including the United States. To claim earned tokens, users will need to trade on dYdX’s Layer 2 Protocol and achieve their respective claim milestone.

The wait is over

Low fees, no gas costs

Once you deposit to Layer 2, you will no longer pay fees to miners for each transaction.Lightning quickTrades are executed instantly and confirmed on the blockchain within hours.

Lightning quick

Trades are executed instantly and confirmed on the blockchain within hours.

Fast withdrawals

Unlike other platforms, there is no wait required to withdraw your funds from Layer 2.

Mobile friendly

We’ve redesigned the exchange from the ground up, so you can use it from any device.

Secure & private

StarkWare’s Layer 2 solution provides increased security & privacy via zero-knowledge rollups.Cross-marginingAccess leverage across positions in multiple.

Cross-margining

Access leverage across positions in multiple markets from a single account.

Who is eligible for retroactive rewards?

Past DYdX users who have traded on protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow / supply pools are eligible to receive through retroactive rewards.

In line with restrictions on the availability of DYDX Airdrop and the Layer 2 Protocol in the United States, retroactive mining is not available to users who are residents of, or incorporated or headquartered in, the United States or any other prohibited jurisdiction. Any accounts that appeared to be clearly associated with bot activity speculating on a future airdrop were also excluded from retroactive rewards.

- Advertisement -spot_imgspot_img
Latest news
- Advertisement -binance
Related news