According to @dydxfoundation, the community approved the second distribution of the Liquidation Rebates Pilot Program on the dYdX Chain. Source: twitter.com/dydxfoundation/status/2010651515598627200. Mintscan confirms Proposal 336 passed and records the on-chain governance result for the second distribution approval. Source: mintscan.io/dydx/proposals/336.

According to @dydxfoundation, dYdX Labs and Foundation leaders used their December Analyst Call Q&A to highlight 2026 priorities of unified spot and derivatives trading, sustained DEX market share growth, and broader partner and institutional engagement, shared via a video post on Jan 12, 2026, source: @dydxfoundation on X, Jan 12, 2026. For trading workflows, unified spot and derivatives trading means both markets are accessible on the same protocol, aligning execution and risk management within one venue for the dYdX ecosystem, source: @dydxfoundation. The emphasis on sustained DEX market share growth directs traders to monitor on-chain liquidity depth, trading volumes, and fee competitiveness across DYDX-linked venues when assessing execution quality, source: @dydxfoundation. The focus on broader partner and institutional engagement highlights a push to serve professional order flow within the dYdX ecosystem, which is a relevant market structure signal for DYDX participants, source: @dydxfoundation.

According to dYdX Foundation, the team held in-person discussions in December with traders and institutions on execution, routing, and what’s next for onchain derivatives at a Solana Breakpoint side event with CoinRoutes and at Tokenized Summit with Gamma Prime; source: dYdX Foundation on X, Jan 9, 2026. According to dYdX Foundation, it also stated it looks forward to more in-person engagements in 2026; source: dYdX Foundation on X, Jan 9, 2026.

According to dYdX Foundation, an on-chain governance vote is live to approve the second distribution of the Liquidation Rebates Pilot Program for the dYdX chain. Source: dYdX Foundation (X), dYdX Forum, Mintscan. The vote closes on Jan 10, 2026 at 06:05 UTC, setting a clear near-term governance timeline for DYDX market participants. Source: dYdX Foundation (X), Mintscan. Further details and tracking are available via the dYdX forum thread and Mintscan Proposal 336. Source: dYdX Forum, Mintscan.

According to dYdX Foundation, the community approved the distribution of Surge Season 9 incentive rewards via dYdX Chain governance proposal 335; source: x.com/dydxfoundation/status/2009213626335514812, mintscan.io/dydx/proposals/335. Mintscan shows proposal 335 in Passed status, confirming authorization to distribute Season 9 rewards as specified in the proposal; source: mintscan.io/dydx/proposals/335. The announcement was posted on January 8, 2026, providing official confirmation that Season 9 rewards will be distributed to eligible participants per the proposal; source: x.com/dydxfoundation/status/2009213626335514812.

According to @dydxfoundation, the community has approved the distribution of Surge Season 9 incentive rewards after a successful governance vote. Source: dYdX Foundation on X, Jan 7, 2026. On-chain records show dYdX Proposal 335 as Passed, confirming that reward payouts to eligible participants can proceed. Source: Mintscan dYdX Proposal 335. For traders, the confirmed distribution schedule signals impending on-chain reward transfers; monitor DYDX spot and perpetual market liquidity, exchange inflows, and funding rates around the payout window for potential volatility. Source: dYdX Foundation on X, Jan 7, 2026; Mintscan dYdX Proposal 335.

According to @dydxfoundation, the dYdX Foundation completed its latest stake delegation rebalance effective December 19, 2025, with the stated aim of strengthening the decentralisation, security, and performance of the dYdX Chain, as announced on January 5, 2026. Source: dYdX Foundation tweet. The Foundation directs stakeholders to its December 2025 staking delegation update for validator allocation details relevant to DYDX staking and governance decisions. Source: dYdX Foundation blog update titled Staking Delegation Update — December 2025.

According to @dydxfoundation, the dYdX Foundation completed its latest stake delegation rebalance effective December 19, 2025, to strengthen the decentralisation, security and performance of the dYdX Chain, source: https://twitter.com/dydxfoundation/status/2008147398183514381. The Foundation published a December 2025 staking delegation update with further details, source: https://www.dydx.foundation/blog/staking-delegation-update---december-2025.

According to @dydxfoundation, dYdX Labs President @epic_edge_ said the long-term strategy is to build resilient, high-performance market infrastructure that combines deep liquidity, fast order books, and broad distribution to support professional trading at scale on-chain (source: @dydxfoundation on X, Jan 5, 2026). This post highlights dYdX’s priority on liquidity depth, order book speed, and distribution coverage to serve professional traders on-chain (source: @dydxfoundation on X, Jan 5, 2026).

According to dYdX Foundation, an on-chain vote has been created on whether the community should approve the distribution of Surge Season 9 incentive rewards for DYDX, with voting ending on Jan 4, 2026 at 15:19 UTC. source: dYdX Foundation on X, Jan 3, 2026 The proposal details and the voting interface are provided via the dYdX Forum proposal page and Mintscan Proposal 334. source: dYdX Foundation on X; dYdX Forum; Mintscan

According to dYdX Foundation, Surge Season 9 incentives are continuing into January 2026 with 50 percent fee rebates, a 1 million dollar liquidation rebate pool, and fee holidays on BTC and SOL trading pairs. According to dYdX Foundation, the exchange is carrying December incentives into the new year, enabling active traders to lower execution costs on BTC and SOL during the fee holiday period.

According to @dydxfoundation, 75% of protocol fees are now allocated to DYDX buybacks, indicating the fee revenue is directly used for token repurchases (source: dYdX Foundation on X https://x.com/dydxfoundation/status/2006261786794995917). According to @dydxfoundation, approximately 7.5 million DYDX have been repurchased to date, providing a concrete cumulative figure for market tracking (source: dYdX Foundation on X https://x.com/dydxfoundation/status/2006261786794995917). According to @dydxfoundation, the policy is framed as reinforcing alignment between protocol activity, token holders, and long-term economic security, clarifying the intended design objective of the buyback allocation (source: dYdX Foundation on X https://x.com/dydxfoundation/status/2006261786794995917). According to @dydxfoundation, traders can reference the reported 75% fee-to-buyback allocation and the ~7.5M DYDX cumulative repurchases as the key on-chain program metrics to monitor for this buyback program (source: dYdX Foundation on X https://x.com/dydxfoundation/status/2006261786794995917).

According to @dydxfoundation, dYdX now offers trading fee discounts for DYDX stakers, enabling users to lower fees and improve execution economics on the exchange, source: dYdX Foundation on X, Dec 29, 2025. Users can stake DYDX directly via the platform UI, with the feature accessible in the Portfolio tab on dydx.trade, source: dYdX Foundation on X, Dec 29, 2025.

According to dYdX Foundation, its December 2025 Analyst Call sets a 2026 roadmap focused on tighter Spot and Perps integration, accelerated adoption, and an expanded ecosystem of traders and partners around dYdX, which are key for trading depth and product cohesion. Source: dYdX Foundation. According to dYdX Foundation, on-chain derivatives are now clearing nearly $1T per month, establishing a supportive backdrop for perpetuals activity and liquidity. Source: dYdX Foundation. According to dYdX Foundation, trading-relevant updates covered include a protocol overview, active trading fee discounts, a DYDX buybacks progress update, and December initiatives such as Surge Season 9. Source: dYdX Foundation. According to dYdX Foundation, market-facing integrations and campaigns include BTC and SOL fee holidays, BONK integration, Solana spot trading, FOXIFY integration, and a Crypto.com campaign, alongside a Q&A segment for additional context. Source: dYdX Foundation. According to dYdX Foundation, the session was hosted by Charles d’Haussy (CEO, dYdX Foundation) with the President of dYdX Labs in attendance and reviewed 2025 highlights and the evolving dYdX ecosystem map for traders. Source: dYdX Foundation.

According to @dydxfoundation, Solana spot trading is now live on dYdX as of Dec 29, 2025. Source: dYdX Foundation on X, Dec 29, 2025. The platform now offers Spot and Perps in one interface, enabling more integrated trading strategies and global access, including for US users. Source: dYdX Foundation on X, Dec 29, 2025.

According to @dydxfoundation, dYdX Governance approved a BONK integration that enables a community-aligned derivatives deployment powered by dYdX, with 50% of fees flowing to the BONK DAO (source: dYdX Foundation on X, Dec 29, 2025). The same source stated that distribution remains a key theme, highlighting the fee-sharing structure for BONK ecosystem participants (source: dYdX Foundation on X, Dec 29, 2025).

According to @dydxfoundation, December incentives under Surge Season 9 include 50% fee rebates for UI and API traders, a $1M liquidation rebate to soften volatility impacts, and extended BTC and SOL fee holidays (source: @dydxfoundation, Dec 29, 2025). The same source specifies these incentives are live for December on dYdX and are aimed at reducing trading costs and mitigating liquidation-related losses during volatile conditions (source: @dydxfoundation, Dec 29, 2025).

According to @dydxfoundation, all dYdX (DYDX) buyback activity is transparently tracked on the live dashboard at buyback.dydx.trade (source: @dydxfoundation; source: buyback.dydx.trade). The dashboard provides real-time visibility into buyback transactions and timing that traders can monitor to stay informed on activity cadence (source: @dydxfoundation; source: buyback.dydx.trade).

According to @dydxfoundation, buybacks were a focus of the December call and 75% of protocol fees are currently routed to DYDX buybacks to reinforce economic security and long-term alignment with token holders, source: dYdX Foundation (X, Dec 29, 2025). For DYDX traders, this policy directly links protocol fee run-rate to recurring buy-side demand from buybacks, creating a measurable input for assessing market impact, source: dYdX Foundation (X, Dec 29, 2025). Monitoring protocol fee trends can therefore help estimate the pace of DYDX buybacks funded by fees, without implying any price outcome, source: dYdX Foundation (X, Dec 29, 2025).

According to @dydxfoundation, DYDX stakers can now activate trading fee discounts directly within the dYdX UI to reduce costs and improve P&L (source: @dydxfoundation). The announcement specifies that staking DYDX unlocks the fee discount, with no additional details on discount tiers or amounts provided in the post (source: @dydxfoundation).