Dymension Unveils Season 2: All You Need to Know

Dymension, a blockchain project focused on enhancing the scalability of decentralized applications, has launched its Season 2 airdrop, building on the success of its initial mainnet rollout. The first season, known as the Genesis Rolldrop, distributed over $400 million in tokens to its community, marking a significant milestone. 

Now, Season 2 introduces a new phase with the promise of rewards and opportunities for participants. This article explores dymension’s progress, details of the upcoming season and how to earn rewards.

What Is Dymension and Its Journey So Far?

Dymension operates as a layer-1 blockchain, leveraging Cosmos technology to support modular blockchains called RollApps. These RollApps allow developers to create customized, application-specific networks, addressing scalability challenges in the blockchain space. The project’s mainnet launched in early February 2024, accompanied by the Genesis Rolldrop, which rewarded early adopters with substantial token allocations. 

Since then, Dymension has progressed steadily, refining its protocol and preparing for the Beyond upgrade. This upgrade aims to transform Dymension into a Universal Settlement Layer, a critical step toward supporting a broader ecosystem of rollups. Season 2 aligns with this evolution, offering a fresh opportunity for community engagement.

Season 2: A New Chapter Begins

Season 2 kicked off on July 2, introducing a structured airdrop system designed to reward various participants. The initiative centers on DYMONDs, a new in-protocol point system that users can exchange for DYM tokens during designated claim windows. Registration for this season unfolds in waves, each targeting specific groups of eligible addresses. The process began with Wave 1, open to long-term DYM stakers known as Dymond Hands. Future waves will follow, with details to be announced progressively.

To participate, individuals must register their wallet addresses through the official portal. This step is sign-less, meaning no private keys or token transfers are required. Users are urged to interact only with the official portal, as neither Dymension Labs nor the Foundation will request sensitive information. Registration for each wave is time-limited, so staying informed through notifications is essential for catching subsequent opportunities.

Who Can Participate and How?

Wave 1 targets Dymond Hands, defined as core community members who have staked a minimum of 17 DYM tokens continuously since June 2024 without unstaking. This criterion rewards long-term commitment. For those not eligible, additional waves with new criteria will open soon. The project has not yet disclosed specifics about future waves, but participants are encouraged to monitor updates for potential bonuses or expanded eligibility.

Once registered, users begin earning DYMONDs. Initially, these points are awarded through referrals, allowing participants to invite others and earn 10% of their invitees’ DYMOND earnings. The referred party receives a signup bonus, creating a mutual benefit. After Wave 1 registration concludes, onchain activities will also generate DYMONDs. These activities include trading Initial Rollup Offerings (IROs), depositing USDC via one-click transfers from Solana, Arbitrum, or Base, providing liquidity to Bridge LP or Dymension’s decentralized exchange (DEX), and increasing Total Value Locked (TVL) on personal RollApps. DYMOND balances update in real time and can be tracked via the portal.

Rewards and Claim Windows Explained

DYMONDs serve as the currency of Season 2, exchangeable for DYM tokens during claim windows—limited periods spread throughout the season. The first window is set to open shortly after the launch, with more to follow. Participants face a choice: claim DYM and exit the season or retain DYMONDs to pursue larger rewards by completing the season. Those who stay until the end stand to receive the most significant allocations, sourced from the Dymension Foundation and the onchain treasury.

A Stakers Boost enhances earnings for committed holders. Every DYMOND earned receives a multiplier, up to 5x, based on two factors: the duration of continuous staking and the amount staked, capped at 25,000 DYM. This system incentivizes long-term holding and network security, aligning user interests with Dymension’s goals.

Opportunities for Creators

Season 2 extends beyond users to support creators. Building and attracting TVL to a RollApp offers the most efficient way to accumulate DYMONDs. The Dymension Foundation will allocate staked DYM to fund builders through endorsements, offering up to $10,000 per month in rewards. Early-stage teams or those with live RollApps can submit proposals for onchain support. This initiative encourages innovation within the ecosystem.

The Beyond Upgrade and Future Outlook

The Season 2 launch coincides with the upcoming Beyond upgrade, scheduled to enhance Dymension’s capabilities. This upgrade promises new base layers, faster execution, and better economic alignment across the network. It positions Dymension as a foundational layer for decentralized applications, marking a pivotal chapter in its development. Participants are urged to engage actively; whether by claiming, transacting, creating, referring, or staking, to maximize their involvement.

Actionable Steps for Readers

To get started, visit portal.dymension.xyz/season-two and register a wallet address. Enable notifications to stay updated on new waves. Explore referral opportunities by sharing links through the portal, tracking rewards as they accrue. For onchain earnings, prepare to engage in IRO trading or liquidity provision once Wave 1 registration closes. Creators should consider developing a RollApp, submitting proposals to the Foundation for potential grants. Regularly check the Dymension blog for the latest details on claim windows and eligibility updates.

Dymension’s Season 2 offers a structured yet dynamic opportunity for its community. With clear steps and diverse participation options, it reflects the project’s ongoing effort to evolve and support its ecosystem. As the Beyond upgrade approaches, this season could shape the future of modular blockchain development. Stay informed, act decisively, and watch how this chapter unfolds.