Dymension Season 2 Kicks Off With DYMONDs and Big Rewards for Stakers and Builders
Genesis Rolldrop Season 2 by Dymension will follow Season 1, which successfully distributed more than 400 million tokens to over 400,000 wallet addresses. The second season will also speed up protocol growth through the introduction of DYMONDs, a new reward system to track and reward on-chain activity.
Registration of eligible users will take place on the official Dymension portal and will be by waves. The initial wave, named the Dymond Hands, is accessible to the users who have been actively staking at least 17 DYM tokens since June 2024 without unstaking. More waves with different eligibility criteria will be issued. Notably, the process is sign-free without transferring tokens or sharing private keys.
Dymension Ensures Referral Rewards and Onchain Activity
After Wave 1 registration is complete, we will start monitoring real-time user activity with DYMONDs. DYMONDs are redeemable into DYM tokens at accredited claim windows within the season. The DYMOND-earning activities include trading IROs, deposits of USDC over supported chains, liquidity provision, and hosting of TVL on individual RollApps.
Participants also receive referral bonuses. The referred user receives a signup bonus, and the referring address is entitled to 10% of the referred user’s DYMOND earnings. These referral bonuses do not influence the invitee’s income and can be seen in the official portal.
Offering Booster Staking and Grant to Builders
Depending on the duration and amount of staking, stakers are allowed multipliers on all the acquired DYMONDs. Increase by 5x, and the reward of long-term ownership amounts to up to 25,000 DYM. In the meantime, developers and designers are allowed to use RollApps. To finance these activities, the Dymension Foundation is staking DYM and providing grants up to $10,000 per month according to community support and on-chain growth.
Season 2 is consistent with the longer-term approach of Dymension to become a Universal Settlement Layer, which would serve rollup infrastructure with accelerated execution and finalization.