dYdX recently made an interesting move - the community has just passed a proposal for a "liquidation rebate pilot".

In simple terms, starting from December 1st of this year, those unfortunate traders who are liquidated will no longer be just pure unlucky ones. The platform will issue points and actual rebates to these users as compensation, and the entire pilot program will last for one month, with the rebate fund pool reaching up to $1 million.

This mechanism is actually quite innovative. In the past, liquidation in DeFi trading basically meant significant losses; now dYdX reduces user losses through a rebate method, which can be seen as optimizing the liquidation experience to some extent. For high-leverage players, this operation can somewhat alleviate the psychological burden, and it also shows the efforts of the project team in retaining users.

Of course, the pilot only ran for a month, and the specific effects will depend on subsequent data and community feedback.