According to @dydxfoundation, an on-chain governance vote is live to approve renewing and extending the dYdX Surge Rewards Program for six months starting January 1, 2026, with the vote ending on December 24, 2025 at 02:49 UTC (source: @dydxfoundation). The proposal is listed as Proposal 331 on Mintscan for the dYdX Chain, providing the on-chain details and status (source: Mintscan Proposal 331). Additional context and discussion are available via the referenced dYdX forum thread (source: dYdX forum). DYDX holders eligible to vote can participate on-chain before the deadline to determine whether the Surge Rewards Program continues into H1 2026 (source: @dydxfoundation; source: Mintscan Proposal 331).

According to @dydxfoundation, the community has approved a treasury allocation of between $13 million and $20 million in DYDX tokens for a 9-month dYdX Surge Rewards Program on the dYdX Chain. This program is expected to enhance trading activity and liquidity on the platform by incentivizing participants. The decision could significantly impact the token's market dynamics, as increased rewards may lead to higher trading volumes and potentially affect DYDX's price action.

According to dYdX Foundation, an on-chain vote is taking place to decide if a $13M-$20M allocation in $DYDX from the treasury will fund a 9-month Surge Rewards Program on the dYdX Chain. The vote concludes on March 31, 2025, at 16:24 UTC. This decision could impact the trading volume and liquidity of $DYDX as the program aims to incentivize active participation on the platform.