Dymension Launches Season 2 Airdrop, Beyond Upgrade for 50% Block Time Reduction

Dymension, a prominent blockchain platform, is preparing for its Season 2 airdrop and the Beyond upgrade, marking a significant milestone in its development journey. The platform's first airdrop, which took place on Genesis day, distributed over $400 million in tokens to early adopters, setting a strong foundation for its growth. Now, Dymension is preparing for the Beyond update and the commencement of Season 2, which aims to enhance its capabilities as a Universal Settlement Layer on modular blockchain networks and RollApps.

Season 2 introduces a multi-phase program that rewards users, stakers, and builders. Registration for the airdrop is open and is conducted in waves, with the first wave, known as "Dymond Hands," limited to those who staked a minimum of 17 DYM and have not withdrawn it since June 2024. The platform emphasizes the security of the sign-less registration process, advising users to avoid non-official portals and never share private keys or wallet information.

The Season 2 airdrop will reward previous and continued user activities through a points-earning system called DYMONDs, which can be exchanged for DYM. Activities eligible for rewards include IRO trading, depositing USDC on Dymension, liquidity bridging, DEX LP provisioning, and liquidity lock TVL in RollApp. The status of DYMONDs is monitored in real-time through the portal dashboard, and users can refer their network to earn additional DYMONDs with a 10 percent commission on the amount their referrals bring in.

Stakers will also benefit from regular and massive rewards, with the amount of DYMONDs gained throughout the season augmented by a staking gain. The multiplier for the staking gain can go up to 5x, depending on the duration and volume of staked DYM. Additionally, creators building and attracting TVL using their dedicated RollApp can earn up to $10,000 per month through the Dymension Foundation's builder grants.

The Beyond upgrade, which accompanies Season 2, provides access to high-performance layers that form the foundations of the blockchain, faster execution, and a more integrated ecosystem. Dymension is entering a crucial stage of its development, encouraging users to get involved in token trading, application development, staking, and more. Registration for Season 2 has officially opened, inviting users to take a step Beyond and participate in the platform's growth.

Dymension is a delegated Proof-of-Stake (PoS) L1 chain that secures modular blockchains within its system, known as RollApps. RollApps are blockchains built on top of Dymension, using their development kit – the RollApp Development Kit (RDK). The development kit they use is quite similar to the one used on the Cosmos chain for rapid deployment of additional chains. Dymension went live in early February last year, launching their native token DYM. The total supply is set at 1 billion tokens, and the current circulating supply is at just below 320 million.

The development team has stated that only a rudimentary version of the protocol was released on Genesis day; therefore, users can now expect numerous improvements with the upcoming Beyond upgrade. Season 2 is designed to reintroduce the Dymension protocol and accelerate its growth as it evolves into a Universal Settlement Layer. Perhaps the core focus of the upcoming upgrade will be the possibility of building rollups on top of existing L1 chains and ecosystems, without requiring modifications to the underlying core protocols. The network’s block time will also be reduced, from approximately 5 seconds to 1, which brings it in line with major players such as Solana.