dYdX VIP Affiliate Whitelist Vote

The vote centers on approving a whitelist update for the VIP Affiliate Program, spearheaded by Kuyen Labs. Approved affiliates can earn up to 50% of taker fees from referred users, capped at $10,000 per referral over a 30-day period. This initiative aims to boost user growth and trading volume by leveraging influential community members with proven track records and engaged audiences. The decision will reflect the community’s priorities for rewarding contributors, with potential adjustments to fee shares possible via future governance proposals. Non-U.S. and restricted jurisdiction users are excluded due to regulatory considerations, a common challenge in DeFi.

Recent News

Over the past three months, dYdX has made waves with a strategic roadmap unveiled in March 2025, focusing on platform stability and user experience enhancements. The updated mobile app launched with a simplified interface, targeting new perpetual traders. Additionally, a February 2025 update highlighted new VIP Affiliate admissions, laying the groundwork for this vote. These developments signal dYdX’s commitment to scaling its ecosystem, with over $100 billion in historical trading volume underscoring its market presence.

Future Plans

Looking ahead, dYdX plans to release bi-weekly development updates and a detailed roadmap following immediate priorities. The project aims to solidify its position as the leading decentralized derivatives platform, with goals to expand trading tools and test advanced features on its blockchain. A private testnet with external partners is also in the works, promising real-world testing and upgrades to enhance scalability and user engagement.

Onchain Data

Specific onchain metrics for this vote are not fully detailed yet, but the current proposal shows strong community support. With a turnout of 52.75% against a 33.40% quorum, and 83.07% voting yes (124,560,240 dYdX tokens), the proposal is on track to pass. Historical data indicates dYdX has handled 500 order placements and 50 trades per second during stress tests, reflecting robust network capacity.

Community Sentiment

X discussions reveal a mix of excitement and optimism. Influencers and users are encouraging participation, with calls to “get the votes going” and sentiments like “bullish on dYdX.” Some suggest an ambassador program, indicating interest in further community involvement. The overall tone is positive, though a few note the tight voting window, urging action before the August 8 deadline.

Additional Insights

This vote aligns with a broader DeFi trend where affiliate programs drive 35% more user acquisition, offering affiliates a lucrative incentive while expanding dYdX’s reach. Competitors like other DeFi exchanges are also refining reward structures, but dYdX’s governance approach sets it apart. For users, this could mean more referral opportunities, though regulatory exclusions may limit accessibility. A risk disclaimer: as with any DeFi vote, outcomes can influence token value or program terms, so stay informed before participating.