Chaos Labs is returning for a new version of the community-owned trading rewards program. As a reminder, Chaos has been leading the protocol rewards initiative for the past 18 months.
This new version will apply lessons learned and revisions to previous program with the primary goals of accomplishing the following:
- Drive new trader acquisition and re-engage past traders on dYdX.
- Boost trading volumes to maximize fee distribution for protocol participants.
- Create an easy to understand distribution methodology while optimizing rewards allocations.
The proposal to launch this new program was approved by the community, allocating up to $20M in community funding. With this grant, Chaos Labs will continue to lead the initiative with dedicated infrastructure and ongoing monitoring and support.