DYdX Airdrop Review: Low Fees, Deep Liquidity, and up to 25× More

DYdX Airdrop Review: Low Fees, Deep Liquidity, and up to 25× More

About DYdX Airdrop

DYdX Airdrop is building an open platform for advanced cryptofinancial products, powered by the Ethereum blockchain. They’re building a powerful and professional exchange for trading cryptoassets where users can truly own their trades and, eventually, the exchange itself.

Dydx is airdropping their new governance token to various historical users of the platform. A total of 75,000,000 DYDX has been allocated to eligible users. The snapshot was taken on July 26th, 2021 at 00:00:00 UTC of users who have traded on protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into borrow/supply pools. Eligible users need to achieve certain trading milestones to unlock the rewards. 

BasicDetails
Token NameDYdX Airdrop
PlatformETH
Total Value75,000,000 DYDX
Token Per ClaimMin 310.75 DYDX
KYCKYC Is Not Requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

Step-By-Step Guide

  1. Visit the dydx rewards page.
  2. Connect your ETH wallet.
  3. If you’re eligible, then you will see your rewards under “Allocation”.
  4. Users who have traded on protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into borrow/supply pools by the snapshot time are eligible for the airdrop.
  5. The snapshot was taken on July 26, 2021, at 00:00:00 UTC.
  6. Eligible users need to achieve certain trading milestones as mentioned in this post on Layer 2 Perpetuals within the first 28 days of Epoch 0 to unlock the rewards. Epoch 0 went live on August 3rd, 2021 at 15:00:00 UTC and will end on August 31st, 2021 at 15:00:00 UTC.
  7. Unlocked rewards can be claimed from September 8th, 2021 at 15:00:00 UTC.
  8. For more information regarding the airdrop and trading milestones, see this post.

Mission

The DYdX Airdrop Foundation’s purpose is to support and grow every aspect, technical or otherwise, of the current implementation and all future implementations of the Layer 2 Protocol, including but not limited to the ecosystem related to the Layer 2 Protocol, and to foster participation from others who seek to support and grow any aspect, technical or otherwise, of the ecosystem or the current implementation and all future implementations of the Layer 2 Protocol. Specifically, the mandate empowers the Foundation to:

  1. Support and finance appropriate research and development activities and projects

2. Promote and educate the public on the ecosystem and/or Layer 2 Protocol

3. Issue, receive, spend, and hold digital assets (no speculative trading activities)

4. Deploy governance smart contracts and issue governance tokens

5. Engage with various businesses, partners, banks, regulators, authorities, and other third parties to the benefit of the ecosystem

6. Distribute received contributions and participate in companies

7. Acquire, hold or grant trademarks, copyrights, and other intellectual property rights or licenses

8. Organize conferences and other events that support and promote the ecosystem and/or the Layer 2 Protocol

Governance token

DYDX is a governance token that allows the 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.

Robust Ecosystem

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

Staking Pools

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.

The wait is over, Layer 2 is here

Low fees, no gas costs

Once you deposit to Layer 2, you will no longer pay fees to miners for each transaction.

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-margining

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

  • bitcoinBitcoin (BTC) $ 57,346.00
  • ethereumEthereum (ETH) $ 4,589.62
  • binance-coinBinance Coin (BNB) $ 620.64
  • tetherTether (USDT) $ 0.998680
  • solanaSolana (SOL) $ 211.84
  • cardanoCardano (ADA) $ 1.57
  • xrpXRP (XRP) $ 1.00
  • polkadotPolkadot (DOT) $ 38.54
  • usd-coinUSD Coin (USDC) $ 0.999208
  • dogecoinDogecoin (DOGE) $ 0.215638
  • avalanche-2Avalanche (AVAX) $ 123.07
  • shiba-inuShiba Inu (SHIB) $ 0.000047
  • terra-lunaTerra (LUNA) $ 57.43
  • crypto-com-chainCrypto.com Coin (CRO) $ 0.689414
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 57,287.00
  • litecoinLitecoin (LTC) $ 209.21
  • binance-usdBinance USD (BUSD) $ 0.997905
  • matic-networkPolygon (MATIC) $ 1.81
  • chainlinkChainlink (LINK) $ 26.01
  • algorandAlgorand (ALGO) $ 1.83
  • bitcoin-cashBitcoin Cash (BCH) $ 572.53
  • uniswapUniswap (UNI) $ 20.69