dYdX Community Approves $1M Liquidation Rebate Pilot for December 2025

According to dYdX, its community has endorsed a December 2025 pilot program providing liquidation-affected traders with points and cash rebates totaling up to $1 million.

DYDX

Summary

dYdX announced that its community approved a one-month liquidation rebate pilot set to begin on December 1, 2025. The program will allocate up to $1 million in points and rebates to traders facing liquidation events. This initiative aims to support the platform’s users during high-volatility periods by offsetting losses and encouraging continued participation.

Terms & Concepts
  • Liquidation: The process where a trader’s position is closed due to insufficient margin to cover potential losses.
  • Rebate: A partial refund or credit offered to traders, typically to incentivize trading activity.
  • dYdX: A decentralized exchange specializing in derivatives trading, operating without a central authority.