TechFlow news, dYdX announced that the Season 5 Launch Incentive Program proposal will distribute $5 million worth of DYDX tokens to 2,700 accounts. Key achievements from Season 5: over $33 billion in trading volume across 105 active markets on dYdX Chain, more than 4,000 traders participating in points earning, major markets' funding rates trending toward stability, and total value locked (TVL) reaching 136 million USDC by the end of the season, a 9% increase from the beginning.
Chaos Labs will release a detailed analysis report on July 18, publish the distribution proposal on July 23, and create an on-chain vote on July 26 for incentive distribution. Meanwhile, dYdX's Season 6 incentive program has already commenced.
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