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Trading Competition Platform dYdX Trading Arena is Released

Trading Competition Platform dYdX Trading Arena is Released

Table of Contents

Overview

We（CLC）have been developing the "dYdX Trading Arena" platform since January 2025, supported by the dYdX Grants program with a total funding of $59,000 (including $10,000 prize money for the first competition). We are pleased to announce that the first phase has been completed and the platform has officially launched at https://dydxarena.com/.

This platform provides an environment where KOLs (Key Opinion Leaders) and community leaders can host trading competitions for promotional purposes. Trading competitions are one of the most effective methods to attract new users to trading platforms, and by offering rewards for participation and trading profits, we aim to improve user onboarding and increase awareness of the dYdX exchange.

First Competition Results

In collaboration with DEG san, who manages Japan's largest cryptocurrency trader community, we are simultaneously hosting two different trading competitions with a total prize pool of $10,000 (funded from the grants):

  1. DEG Server Pachinko King Championship (1-week short-term intensive competition)
    • Period: April 22 - April 28, 2025
    • Prize Pool: $3,000
    • Minimum Participation Equity: $300
  2. DEG Server Smart Trader Certification Battle (3-week medium-term strategy competition)
    • Period: April 22 - May 12, 2025
    • Prize Pool: $7,000
    • Minimum Participation Equity: $1,000

Both competitions distribute prizes based on ROI (Return on Investment) rankings during the competition period. The baseline is calculated as "initial assets + total deposits during the competition - total withdrawals during the competition," PnL (Profit and Loss) is calculated as "final assets - baseline," and ROI is calculated as "PnL / baseline."

Currently, 132 people have registered, and 105 of them have completed the required deposits and are actively participating in the competitions. This strong response demonstrates the high demand for community-driven events.

Main Platform Features

The dYdX Trading Arena offers the following features:

  1. Competition Creation Function
    • Hosts can set up their own trading competitions
    • Configuration of competition title, description, and image
    • Setting minimum/maximum number of participants and minimum deposit amount
    • Setting the total prize pool and distribution rules
    • Timeline setup (registration period, competition period, reward distribution)
  2. Registration and Participation Management
    • Simple registration process through wallet connection
    • Automatic verification of minimum deposit requirements
    • Management of participant status (registered, active, disqualified, completed, canceled)
    • Automatic verification of eligibility at the end of the registration period
  3. Performance Tracking System
    • Automatic snapshot of initial assets
    • Hourly PnL (Profit and Loss) updates
    • Monitoring of deposits and withdrawals and reflection in the baseline
    • Automatic calculation of ROI (Return on Investment)
    • Real-time leaderboard updates
  4. Results Processing and Prize Calculation
    • Final performance measurement at the end of the competition
    • Generation of final rankings based on predefined rules
    • Automatic calculation of prize distribution
    • Display of comprehensive final results
  5. Statistics and Analysis Functions
    • Display of platform-wide statistical data
    • Total number of competitions held
    • Total number of participants
    • Total amount of prizes distributed
  6. Security Features
    • Secure design that does not hold private keys
    • Use of signatures solely for address verification
    • Complete self-responsibility in user asset management

These features enable traders to fairly compete based on skill, and communities to host competitions with on-chain verifiable transparency.

Future Outlook

This project is planned for an 8-month development and operation period, and is currently operating in its first phase as a "permission-based platform." To prevent spam attacks and impersonation, we are operating on a permission basis for the time being, but aim to transition to a "permissionless" platform where anyone can host competitions in the future.

Request for Community Feedback

With the cooperation of the DEG community, the first competition has been successful, but we would like to collaborate with KOLs who have trader communities worldwide to further revitalize the dYdX ecosystem.

Feedback from the community is essential for future platform improvements. We welcome your opinions on the following points:

  • Competition formats
  • How to use community pool funds
  • Platform usability and desired additional features
  • Those interested in hosting competitions as KOLs

Please share your opinions in the comments section.