dYdX Surge Season 14 & BONK Trading Sprints Are Back for May

May brings the return of dYdX Surge Season 14 and another round of BONK Trading Events, building on the momentum from the month of April.

Traders can once again take advantage of ongoing fee incentives and liquidation rebates through Surge, alongside a fresh set of weekly BONK Trading Events centered on individual RWA markets.

Continued BONK RWA Trading Competition

Following strong participation in April, the BONK RWA Trading Competition is back for another month. The format remains the same - a set of 1-week sprints, P&L-based trading competitions taking place on bonk.trade.

The first event kicks off May 4, with each week highlighting a specific market:

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

Competition Overview

Format: P&L-based trading competition 

Duration: 1 week per event 

Start Date: May 4, 2026

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 14

Surge Season 14 continues as part of the community-approved incentives program, keeping the focus on consistent and organic trading activity across the platform.

Here's what's live in May:

• 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 May. 

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 May, providing partial rebates to traders who are liquidated on eligible non-BTC perpetual markets.

The program remains a key part of the Surge incentive structure, helping to support traders through periods of market volatility.

Looking Ahead

With Surge Season 14 and the return of BONK Trading Events, May offers another month of meaningful incentives for both active traders and those looking to explore specific markets in a competitive setting.

Disclaimer

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