dYdX Introduces Dynamic Affiliate Commission System with Up to 50% Rewards

dYdX has rolled out its v9.4 software upgrade, marking a significant shift in its affiliate program from a static VIP model to a dynamic, performance-based system. Previously, the program relied on fixed tiers requiring manual approval from the dYdX DAO, which led to governance overhead and delayed incentives. The new Sliding Affiliate Fee feature automates commission adjustments based on referred trading volume over a trailing 30-day period.

Under the updated structure, all affiliates now start with a base commission of 30% on taker fees, doubling the previous 15% rate. Commissions scale dynamically: affiliates referring up to $1 million in volume retain 30%, those between $1 million and $10 million receive 40%, and those exceeding $10 million qualify for a premium 50% commission for the next 30 days. This mechanism ensures rewards align directly with recent performance, incentivizing sustained trading activity.

The automation of tier updates streamlines governance, freeing the DAO from manual VIP approvals to focus on strategic decisions like risk management, market expansion, and protocol development. This upgrade enhances dYdX's competitiveness in the perpetuals market by embedding meritocracy into its tokenomics, promoting sustainable liquidity and long-term growth.