Surge Season 12

March marks the launch of dYdX Surge Season 12! This month-long event is packed with exciting opportunities for traders to compete and earn. From the BONK Trading League with a $50,000 DYDX prize pool to zero maker and taker fees on BTC and BONK perpetuals, Surge Season 12 is designed to reward both consistent trading and strategic moves.

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Season 12 is part of the community approved six month renewal of Surge. It is designed to encourage consistent and organic trading growth on the platform. Here’s what’s live in March: 

• March BONKness $50,000 P&L Trading Competition
• Zero Maker & Taker Fees on BTC and BONK perpetual markets
• Liquidation Rebates for traders liquidated on non-BTC pairs

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March BONKness Trading League

dYdX traders can compete for a share of ~$50,000 in DYDX rewards in a P&L-based trading competition held in collaboration with BONK. In December 2025, the dYdX community formally approved BONK as an official integration partner, including a revenue-sharing framework.

The BONK Trading League is designed to empower traders through a BONK-branded frontend, while strengthening long-term alignment between the BONK ecosystem and the dYdX protocol.

Competition Overview

• Format: P&L-based Trading League 
• Duration: March 1, 2026 - March 31, 2026
• Eligibility:
  
  • Non-API traders
  • Traders using the bonk.trade UI powered by dYdX
• Prize Pool: ~$50,000 in DYDX, distributed to the top 20 traders by P&L
  
  • 1st: $15,000
  • 2nd: $7,500
  • 3rd: $5,000
  • 4th–5th: $2,500 each
  • 6th–10th: $2,000 each
  • 11th–20th: $1,000 each

The prize pool will be funded from the dYdX Community Treasury and distributed in DYDX. The final DYDX amount will be updated at the time of distribution following the end of the competition.

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

Alongside the BONK Trading League, March incentives include a 100% maker and taker fee discount on BTC and BONK perpetual markets.

As approved by the dYdX community, BTC and BONK perpetuals will remain fee-free for all traders throughout March. 

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

Up To $1M Liquidation Rebate Program

Originally launched in December 2025 with a dedicated leaderboard, the Liquidation Rebate Program introduced a gamified incentive mechanism designed to support perpetual traders who incur losses on dYdX.

For March, the program will continue to rebate a portion of losses resulting from liquidations on non-BTC perpetual markets. More information, including historical performance metrics, is available here.

Eligible traders may now claim rebates covering the period from January 1 - January 31, 2026.

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Looking Ahead

Surge Season 12 combines competitive trading, fee incentives, liquidation rebates, and affiliate-powered growth to showcase the rewards that fuel meaningful participation and long-term alignment as dYdX enters its next chapter.

👉 You can join Surge Season 12 and experience everything that dYdX has to offer.

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Disclaimer 
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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. 

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

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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. 

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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. 

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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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