April marks the launch of dYdX Surge Season 13 alongside a new series of BONK Trading Events.

This month introduces multiple opportunities for traders to participate across different incentive programs. From fee discounts and liquidation rebates under Surge, to a new format of weekly BONK Trading Events focused on individual markets.

BONK Trading Competition Sprints

dYdX is introducing a new series of BONK Trading Events - a set of 1-week, P&L-based trading competitions taking place on bonk.trade.

With the first event starting April 6, each competition runs for one week and focuses on a specific market:

• Week 1: Gold Rush
• Week 2: Crude Awakening
• Week 3: Silver Rush

Competition Overview

Format: P&L-based trading competition
Duration: 1 week per event
Start Date: April 6
Eligibility:

• Non-API traders
• Traders using the bonk.trade UI powered by dYdX

Prize Pool: $10,000 USDC per event, distributed to the top 10 traders by P&L

Prize Distribution:

• 1st: $3,000
• 2nd: $2,000
• 3rd: $1,000
• 4th–5th: $750 each
• 6th–10th: $500 each

Rewards will be distributed by CLC following the conclusion of each event.

Surge Season 13

Surge Season 13 continues as part of the community-approved incentives program, designed to encourage consistent and organic trading activity across the platform.

Here’s what’s live in April:

• Zero maker and taker fees on BTC and BONK perpetual markets
• Liquidation rebates for traders liquidated on non-BTC markets

Trade BTC & BONK Perpetuals with Zero Fees

BTC and BONK perpetual markets will continue to offer 100% maker and taker fee discounts throughout April.

As approved by the dYdX community, these markets remain fee-free for all traders during the incentive period.

Note: Other fees remain unchanged, including gas, bridging, slippage, and third-party fees. All future fee changes remain subject to governance decisions.

Liquidation Rebate Program

The Liquidation Rebate Program continues into April, providing partial rebates to traders who are liquidated on eligible non-BTC perpetual markets.

This program is designed to support traders during periods of volatility and remains an ongoing component of the broader Surge incentive structure.

Looking Ahead

Surge Season 13 and BONK Trading Events introduce a combination of ongoing incentives and targeted trading opportunities, supporting both sustained participation and focused market activity across the platform.

Disclaimer

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