dYdX On-Chain Vote for VIP Affiliate Whitelisting Ends

The dYdX Foundation, in partnership with KuyenLabs, launched an on-chain vote to whitelist VIP affiliates, aiming to boost trading liquidity and deepen institutional ties on the dYdX decentralized exchange. The vote, live since May 29, ends on June 2, 2025, at 15:30 UTC. The VIP Affiliate Program offers up to 50% of referred user taker fees (capped at $10,000 monthly per referral), incentivizing larger KOLs and institutional players to join the platform [dydx.forum]. Early voting data on Mintscan shows strong support, with 88.24% "YES" votes and a 39.92% turnout as of May 31 [Mintscan].

Recent News

This isn’t dYdX’s first rodeo! In April 2025, a similar vote led to a 5.6% DYDX price surge (from $1.25 to $1.32) and a 20% trading volume spike within an hour [blockchain.news]. Meanwhile, dYdX’s Surge Season 2 just wrapped up, driving user activity and setting the stage for Season 3, which is fueling speculation of another price breakout [X post by CryptoNews_1].

Future Plans

dYdX is doubling down on accessibility and transparency. Their roadmap includes a faster front-end rewrite, new order features like TWAP, and bi-weekly development updates to keep the community in the loop [dydx.xyz]. These upgrades aim to solidify dYdX as a leading DeFi trading platform.

Onchain Data

StakingRewards reports dYdX’s circulating supply dynamics are tightening, with active buyback programs using protocol fees to reduce token supply—a bullish signal for DYDX holders [stakingrewards.com]. However, exact trading volume data post-Surge Season 2 is unavailable as of now.

Community Sentiment

X reactions are mixed but largely positive. Users like @Priest_JK23 and @HamzaMurtala7 praise dYdX’s community-driven approach, though some, like @FridayPer43217, question the proposal’s tangible impact. The buzz around Surge Season 3 is also driving FOMO!

Why It Matters

Approval could enhance dYdX’s credibility, attract more liquidity, and potentially spark a price rally—perfect for traders eyeing short-term gains. Risk Disclaimer: Price volatility is common during governance events; trade wisely!