dYdX, the decentralized cryptocurrency trading platform, is currently evaluating a proposal to officially integrate BONK as a partner within its partner revenue-sharing program. This initiative aims to enhance trading volume among Solana’s retail merchants.
Potential Growth from BONK Integration
- BONK may share 50% of protocol fees with dYdX.
- The integration seeks to increase volume from Solana’s retail trading community.
- The recent update of dYdX’s fee distribution has enhanced incentives for staking and buybacks.
The proposal includes the development of a dedicated BONK-branded interface that routes orders to the dYdX blockchain, with 50% of the generated protocol fees going to BONK from users utilizing this frontend service. dYdX governance has emphasized that this aligned incentive structure will ensure that revenues are shared in proportion to the trading volume generated.
The BONK retail ecosystem is well-recognized for its active user base, thus providing a valuable distribution channel for dYdX. The anticipated partnership promises to offer Solana traders a reliable non-custodial trading platform while simultaneously broadening dYdX’s exposure across the Solana ecosystem. dYdX believes this collaboration might significantly boost the number of new retail buyers and enhance engagement among existing users.
This partnership aligns with dYdX’s broader fourth-quarter roadmap strategy, which focuses on enhancing liquidity, strengthening collaboration, and fostering community-driven growth. By granting approved partners a share of protocol fees, dYdX aims to incentivize significant contributions that genuinely create trading activity on its platform.
Revised dYdX Fee Distribution Framework
In October, dYdX revamped its fee structure to maximize buying pressure and staking rewards. Previously, fees were distributed among stakers, a buyback program, a Megavault, and the Treasury SubDAO. The updated model allocates 50% of fees each to staking and buybacks, while removing allocations to Megavault and the Treasury SubDAO, which currently holds over 60 million DYDX tokens, diminishing the need for initial allocations.
The integration with BONK is expected to complement this strategy by channeling more activity into the protocol, which will not only increase buying pressure but also enhance staking incentives. dYdX states that this could initiate a positive feedback loop, raising token value and community participation.
Notably, this BONK proposal follows similar initiatives with other partners. Recently, dYdX governance approved integration proposals from CCXT, Foxify, and CoinRoutes, all designed to secure 50% of protocol fees from attributed order flows. These partnerships reflect the platform’s commitment to expanding its ecosystem while ensuring that partner incentives closely relate to the value they contribute.
For instance, CCXT allows users to seamlessly route orders to dYdX, while Foxify integrates dYdX Chain directly into its trading platform for both funded and non-funded accounts. On the other hand, CoinRoutes provides professional and institutional traders access to deep liquidity. Like BONK, these partners aim to increase user adoption while generating revenue aligned with protocol growth.
If no significant objections arise, BONK plans to submit the on-chain governance proposal for a vote on December 11, 2025.
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