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What is dYdX

dYdX is building an open platform for advanced cryptofinancial products, powered by the Ethereum blockchain. They're building a powerful and professional exchange for trading cryptoassets where users can truly own their trades and, eventually, the exchange itself.

dydx is airdropping their new governance token “DYDX” to various historical users of the platform. A total of 75,000,000 DYDX has been allocated to eligible users. The snapshot was taken on July 26th, 2021 at 00:00:00 UTC of users who have traded on dYdX protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow/supply pools. Eligible users need to achieve certain trading milestones to unlock the rewards.

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How to join dYdX airdrop?

Visit the dydx rewards page.

Connect your ETH wallet.

If you’re eligible, then you will see your rewards under “Allocation”.

Users who have traded on dYdX protocols (perpetual, margin, spot) on Layer 2 or Layer 1 or deposited funds into dYdX’s borrow/supply pools by the snapshot time are eligible for the airdrop.

The snapshot was taken on July 26, 2021, at 00:00:00 UTC.

Eligible users need to achieve certain trading milestones as mentioned in this post on Layer 2 Perpetuals within the first 28 days of Epoch 0 to unlock the rewards. Epoch 0 went live on August 3rd, 2021 at 15:00:00 UTC and will end on August 31st, 2021 at 15:00:00 UTC.

Unlocked rewards can be claimed from September 8th, 2021 at 15:00:00 UTC.