dYdX On-Chain Vote Ends for VIP Affiliate Whitelisting

The dYdX Foundation initiated an on-chain vote on May 23, 2025, to whitelist new and existing VIP affiliates proposed by KuyenLabs. This vote, ending May 26 at 17:09 UTC, aims to boost trading liquidity on dYdX, a leading decentralized derivatives platform. Approved affiliates can earn up to 50% of taker fees (max $10,000 per referral monthly), incentivizing user acquisition and ecosystem growth (dydx.foundation). A successful vote could enhance strategic ties in DeFi, potentially positioning dYdX as a top liquidity hub.

Recent News

dYdX has been on a roll! In March 2025, they unveiled a roadmap focusing on stability, speed, and new products, including a revamped mobile app for easier trading (beincrypto.com). On May 13, DYDX’s price rose 3.2% to $2.15, with trading volume up 18% to $45.6M, reflecting strong market interest in governance-driven events (blockchain.news).

Future Plans

dYdX aims to dominate the decentralized derivatives market, which is still under 10% of centralized exchange volumes. Upcoming bi-weekly updates will keep users informed on platform improvements, with plans to expand trading tools and user experience (beincrypto.com).

Onchain Data

While specific voting participation metrics aren’t public, blockchain.news noted a correlation with DeFi tokens like UNI and AAVE, which saw 10-12% volume spikes on May 13, hinting at sector-wide governance interest. Onchain analytics could reveal more post-vote via platforms like Dune Analytics.

Community Sentiment

X users are buzzing with positivity! @lovaniceth called the vote a “great example of community-driven governance,” while @gutss0x praised dYdX’s decentralization ethos. The sentiment is largely bullish, with “gdYdX” trending among supporters.

Market Insight

With crypto sentiment shifting from “fear” to “neutral” in April 2025 (cointelegraph.com), DeFi governance events like this could drive further optimism. A positive outcome may push DYDX toward $2.30 resistance (blockchain.news). Risk Note: If the vote fails, sentiment could dip, leading to short-term price volatility—trade wisely!