dYdX · interactive mechanism simulation

Traders send orders that validators match off-consensus and settle onchain (dYdX Chain v4). Fees route 100% to stakers; trading rewards emit capped below fees paid; a share of net fees funds DYDX buybacks. Try cutting emissions to see how "farmed" volume reacts.
Traders perp orders Validator orderbook off-consensus matching Onchain settlement 0.05% taker fee Stakers 0.0 USDC earned Trading rewards 50,000 DYDX/day Reward farmers volume tracks emissions DYDX buyback 0 DYDX bought
Orders simulated
0
Fees to stakers
0.0 USDC
DYDX rewards emitted
0
DYDX bought back
0
Parameters — edit me
2.2/s
0.05%
60%
25%
Controls

Illustrative simulation. Mirrors the researched dYdX v4 mechanism (validator-run offchain matching, onchain settlement, 100% of USDC fees to stakers, trading rewards capped below fees paid, fee-funded DYDX buyback) but order sizes and timing are randomized for visualization — not live onchain data. "Trigger the failure mode" replays the classic reward-farming dynamic: cut emissions and watch mercenary volume evaporate. Part of The Onchain Experiment Atlas.