Dydx explores a bold proposal to integrate Bonk into its platform.

dYdX, a decentralized crypto trading platform, is currently evaluating a proposal to officially integrate the cryptocurrency BONK as a partner under its revenue-sharing program. This move aims to enhance trading volume among retail investors within the Solana ecosystem.

Potential Growth Through BONK Integration

• BONK could share 50% of protocol fees with dYdX.
• This integration is designed to boost trading volume from Solana’s retail traders.
• A recent update to dYdX’s fee distribution has increased staking and buyback incentives.

The proposal for the integration of BONK is designed to channel a dedicated BONK-powered front end into facilitating orders directed towards the dYdX Chain, with 50% of the protocol’s fee revenue allocated to BONK.

DYdX governance has emphasized that this arrangement aligns the incentives for both the protocol and its partner, ensuring proportional revenue sharing based on the orders generated.

BONK’s retail ecosystem is notable for its active user base, making it a valuable distribution channel for dYdX, and it anticipates that this partnership could significantly increase the number of new retail buyers while also engaging existing users.

Revised Fee Distribution Structure

In October, dYdX revised its fee distribution model to maximize buy pressure and staking rewards. Previously, fees were allocated among stakers, the Buyback Program, Megavault, and the Treasury SubDAO. Now, the updated model allocates 50% of fees to both stakers and buybacks, thereby removing allocations for Megavault and the Treasury SubDAO.

This adjustment allows dYdX to leverage existing holdings of over 60 million DYDX tokens in the Treasury SubDAO, making initial allocations to the treasury less critical.

Furthermore, the integration with BONK supports this updated strategy by channeling more activity into the protocol, thereby enhancing buy pressure and staking incentives. dYdX believes this could create a positive feedback loop that increases both token value and community engagement.

Notably, this proposal follows similar integration initiatives with other partners such as CCXT, Foxify, and CoinRoutes, each structured to capture 50% of the protocol fees from assigned order flow.

These partnerships reflect dYdX’s commitment to expanding its ecosystem while ensuring partner incentives are closely tied to the value they deliver. If no major objections arise, BONK intends to submit the on-chain governance proposal for a vote on December 11, 2025.