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dYdX Launches $1M Liquidation Rebates Pilot to Cushion Trader Losses

dYdX Launches $1M Liquidation Rebates Pilot to Cushion Trader Losses

Author:

Global Cryptocurrency

Published:

2025-11-30 15:51:01

23

2

BTCCSquare news:

The decentralized exchange DYDX has greenlit a Liquidation Rebates Pilot Program, allocating up to $1 million in rewards to traders hit by liquidations. Approved via governance vote with 77.34% support, the initiative aims to mitigate trading risks while testing a novel compensation framework.

Starting December 1, 2025, the one-month pilot will distribute points and rebates to eligible participants, capped at $1 million total. The program targets active perpetual traders on dYdX Chain, offering tangible relief while maintaining protocol solvency.

Market makers and vault strategies remain excluded—a deliberate design choice to prioritize retail traders. The vote saw 63.09% participation among validators, reflecting measured consensus for this experimental risk-management tool.

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