February Kickoff: Surge Season 11 and $200K Affiliate Booster Program

dYdX is kicking off February with the next chapter of the Surge Program! Following a community-approved six-month renewal of Surge beginning in January, Season 11 will run from 00:00 UTC on February 1, 2026, through 23:59 UTC on February 28, 2026, and brings together competitive trading, fee-based incentives, and expanded affiliate opportunities.  Learn more about the renewed Surge Program here. 

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February Incentives

• BONK $100,000 P&L-Based Trading League
• Zero Maker & Taker Fees on BTC and BONK Perpetuals
• Liquidation Rebates for Liquidated Traders on Non-BTC Markets
• $200,000 Affiliate Booster Program through mid-February 

1. $100K BONK Trading League (BONKuary PnL Open)
A month-long, P&L-based trading competition running Feb 1–28, 2026 for non-API traders using the bonk.trade UI. Up to $100K in DYDX rewards go to the top 20 traders by P&L, funded by the dYdX Community Treasury.

2. Zero Fees on BTC & BONK Perpetuals
All eligible traders enjoy 100% maker and taker fee discounts on BTC and BONK perpetual markets throughout February (excluding gas, bridging, slippage, and third-party fees).

3. Up to $1M Liquidation Rebate Program
The community-approved liquidation rebate program continues through February, rebating a portion of losses from liquidations on non-BTC perpetual markets, with claims available for prior periods.

4. $200K Affiliate Booster Program
Running Jan 19–Feb 16, 2026, affiliates can earn from a $200K USDC pool, including proportionate rewards based on referred volume and $10K bonuses for the first 10 affiliates to reach $100M in referred trading volume (minimum $100K volume and 5 new users required).

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Disclaimer 

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. 

All use of the Telegram trading bot is subject to the Pocket Protector Terms of Use. 

This post 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. dYdX International Ltd. (“DI”), dYdX Trading Inc. dba dYdX Labs (“dYdX Labs”) and their affiliates do not develop, control or operate any component of dYdX software for public use. The information provided in this website 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 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. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets. 

In no event will DI or its 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 website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

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