dYdX has launched a new trading competition tied to the TRUMP-USD market, offering a $15,000 prize pool for top traders. The campaign is designed to incentivize participation in the newly listed market and will run from January 20, 2025, to February 3, 2025.
How the Competition Works
To compete, traders must engage in the TRUMP-USD market on dYdX and rank among the top 10 participants based on cumulative realized PnL during the campaign period. The highest-ranking trader will receive $5,000, while second and third place will earn $3,000 and $2,000, respectively. The remaining prizes range from $1,500 for fourth place to $500 for traders ranked sixth through tenth.
Participants must also retweet the official competition announcement and follow dYdX on X to be eligible. Winners will be announced on dYdX’s official channels, and prize distribution will occur within 30 days of the campaign's conclusion.
Competition Structure and Verification
dYdX will track and verify trading activity using participants’ dYdX Chain wallet addresses. The selection process ensures that only genuine trading activity is counted, excluding any artificial volume or manipulation.
This initiative highlights dYdX’s focus on increasing engagement by leveraging event-driven marketing strategies. By tying incentives to high-profile market listings, the platform aims to drive liquidity and user activity.
Market Growth and Incentive Strategies
The competition aligns with dYdX’s broader efforts to attract traders through financial incentives. It follows the platform’s previous reward-based campaigns, such as trading incentives and staking rewards, which have played a role in maintaining high trading volumes and market participation.
With the competition running for two weeks, dYdX is positioning TRUMP-USD as a high-visibility market while offering a structured incentive for traders looking to capitalize on volatility.
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