According to @dydxfoundation, an on-chain governance vote is live asking whether the community should approve the distribution of Surge Season 5 incentive rewards, with voting set to end on September 6, 2025 at 14:40 UTC; official links to the proposal and vote were provided in the announcement, source: @dydxfoundation on X, Sep 3, 2025. Traders tracking dYdX governance should note the deadline as the outcome determines whether Season 5 rewards are distributed, source: @dydxfoundation on X, Sep 3, 2025.

According to @dydxfoundation, Season 4 of dYdX Surge distributed 2.377M DYDX (about USD 1.5M) to nearly 2,000 traders, rewarding strategies from high-frequency traders to smaller participants steadily building positions (source: @dydxfoundation). Season 5 is underway with double the rewards at USD 3M in DYDX and a simpler structure, signaling larger on-platform incentives for active traders (source: @dydxfoundation).