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Surge Season 9 Launches on dYdX & Introducing up to $1M in Liquidation Rebates

Surge Updates

Starting December, Season 9 of the Surge Program has officially arrived with continued fee rebates for all traders and maintained fee-free trading on SOL and BTC markets. Chaos Labs recently detailed changes to the Surge Program available here.

50% Fee Rebates Continue Through Surge 

All traders will continue receiving 50% rebates on positive trading fees through the end of the year. 

UI Trader Reward Update

Beginning in Season 9, the $1,000,000 UI Trader reward pool will be discontinued. This change reflects an ongoing transition toward rewards that emphasize sustainable on-chain participation. 

The evolution of the Surge Program represents the dYdX community’s continued commitment to building a decentralized trading ecosystem that is sustainable, scalable, and owned by traders. 

Other Exciting Updates

$1M Liquidation Rebate Pilot Program 

Traders can now turn liquidations into rewards, earn points, and claim their share of $1M in DYDX rebates this December! For the first time ever, the dYdX community is launching a Liquidation Rebate Pilot Program running from December 1–31, 2025. The Liquidation Rebate Pilot  Program introduces a gamified incentive layer for traders who are liquidated on dYdX. Participants will earn liquidation points for each qualifying event, allowing them to compete on leaderboards and become eligible for rebates paid out after the end of the month. See the full details of the program here. 

Trade BTC & SOL Perpetuals for Zero Maker and Taker fees on dYdX*

SOL and BTC stay fee-free for all traders! The dYdX community voted to enable maker and taker fee-free holidays for BTC and SOL perpetual markets. This update follows the community-approved v9.4 release of the dYdX protocol, which enabled select markets to enjoy reduced, or even zero, trading fees during specific time periods.

👉 Trade now and experience everything dYdX has to offer.

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*Note other fees apply unchanged (e.g. any gas, bridging, slippage or third party fees) and the fee discounts are subject to change.

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dYdX

December 1, 2025
Last Update:
December 1, 2025

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© 2025 dYdX International Ltd. All rights reserved.

‍dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to other Restricted Persons. All use of dYdX software is subject to the dYdX Software Terms of Use. 

dYdX International Ltd ("DI"), dYdX Trading Inc. dba dYdX Labs (“dYdX Labs”) and their affiliates do not develop, control or participate in the operation of any component of the dYdX protocol for public use.

To the extent this content describes anticipated features in the open source dYdX software, the implementation of these features in any live deployment of dYdX software will be decided by the relevant deployer community. 

The information provided herein is for general informational purposes only, and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice. Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including staking, trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. The inclusion of any launchable market on dYdX does not represent endorsement of the projects and all listings are community-driven. You should perform your own research and due diligence before engaging in any activity involving crypto-assets. In no event will DI, dYdX Labs or their affiliates be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this content. By continuing to access this content, you agree to the above and accept the possibility of changes in the information provided.

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At dYdX, we’re reimagining what DeFi and perpetual trading can be. Combining the freedom of decentralization with deep liquidity, advanced order types, a high-performance API, and instant market listings, dYdX empowers you to trade boldly and confidently.

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dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to other Restricted Persons. All use of dYdX software is subject to the dYdX Software Terms of Use.‍

‍dYdX International Ltd ("DI"), dYdX Trading Inc. dba dYdX Labs (“dYdX Labs”) and their affiliates do not develop, control or participate in the operation of any component of the dYdX protocol for public use.‍

‍To the extent this content describes anticipated features in the open source dYdX software, the implementation of these features in any live deployment of dYdX software will be decided by the relevant deployer community.‍

‍The information provided herein is for general informational purposes only, and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice. Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

‍‍Engaging in any activity involving crypto-assets (including staking, trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. The inclusion of any launchable market on dYdX does not represent endorsement of the projects and all listings are community-driven. You should perform your own research and due diligence before engaging in any activity involving crypto-assets. In no event will DI, dYdX Labs or their affiliates be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this content. By continuing to access this content, you agree to the above and accept the possibility of changes in the information provided.

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