AIrdrop Agent

StandX

Perp DEX · Multi-chain

A $DUSD-collateralized Perp DEX expanding toward Universal Markets via SIP-5

Participation

Open now

Token

Not announced

Potential
Total funding

—

Major VCs
—
Last verified

2026-08-12

Potential is AirdropAgent's editorial assessment and does not confirm an official distribution.

Tasks

Participation programme live
  1. Connect a wallet at standx.com (free).
  2. Acquire $DUSD and deposit it into your Perps Wallet or Vault (Cash Wallet does not count).
  3. Trade perps to earn Trading and Loser Points, and place two-sided limit orders within 10 bps of mark price to earn Community Maker Yield.
  4. Use a referral code to get a +5% points bonus for both referrer and referee.
Check the official site

Events & campaigns

EventsStandX Vault Manager Challenge: Deadline Moved to Aug 13 GMT2026-08-10EventsStandX SIP-5B Vault Manager Challenge Guide: Compete for a 9,000 DUSD Prize Pool2026-08-04

Overview

StandX is a perpetual DEX running on BNB Chain and Solana that uses the yield-bearing stablecoin $DUSD as margin. Built by a team with Binance Futures and Goldman Sachs backgrounds, it is rolling out Community Maker Yield for two-sided liquidity providers and expanding permissionless markets under SIP-5. $DUSD trades on CoinGecko with a $79.8M market cap.

Analysis

$DUSD is listed on CoinGecko with a $79.8M market cap, and DefiLlama shows a $32.0M bridge TVL (Perps-side TVL is not disclosed). StandX's own token has not launched, and its TGE timing, supply and allocation remain officially unconfirmed. The team describes itself as self-funded, and no external VC information has been confirmed. WatchPug has audited $DUSD (Solana and EVM) and Highway (EVM), though audit dates are undisclosed. On August 10, 2026 the Second and Final Point Halving completed, with the team stating no further halvings will occur, meaning point emissions should now stabilize at this lower rate. RootData's popularity index has surged recently, but that reflects attention rather than a confirmed distribution.

Token & distribution status

Token
Not announced
Ticker
Not announced
TGE
Not announced
Allocation
Published

Allocation

The confirmed official timeline runs: (1) Pre-deposit Points (dates and totals undisclosed); (2) Perps Alpha Points (ended at mainnet migration, with a 50% loss-protection floor for tDUSD); (3) Mainnet Holder Points (started November 24, 2025); (4) Thanksgiving Boost (November 27–December 11, 2025, multiplier 1.2x→1.5x); (5) Mainnet Trading Points plus a 10% Binance Wallet bonus (started December 10, 2025, bonus ended January 7, 2026); (6) Maker Uptime Program (started January 5, 2026, a 5M-token monthly pool, later migrated to Community Maker Yield); (7) Loser Points (started January 14, 2026, 5 points per $1 of realized loss, ongoing); (8) Perps Daily Trade (ended February 5, 2026, 00:00 UTC); (9) First Point Halving (May 24, 2026, 50% emission cut); (10) Community Maker Yield / SIP-5A implementation (July 5, 2026, making daily DUSD plus future token rewards permanent); (11) FIFA World Cup 2026 Community Campaign (distributed in DUSD around July 24, 2026); (12) DUSD Native Yield / Standers track (around July 27, 2026, a 10,000 DUSD prize pool distributed); (13) Second and Final Point Halving (August 10, 2026, 08:00 GMT, with no further halvings planned per the team); (14) SIP-5B Community Vault Manager Challenge (applications closed August 6, 2026, 30 managers selected, 9,000 DUSD prize pool, event start moved to August 13, 2026, 16:00 GMT).

Tokenomics

According to CoinGecko data, $DUSD trades at roughly $0.998, with both market cap and FDV at $79.8M, and an ATH of $1.039 (November 20, 2025). StandX's own token supply, allocation and unlock schedule have not been officially announced. Some third-party sources mention a 1 billion total supply with 42.25% earmarked for airdrop, but this is unconfirmed by official documentation.

AirdropAgent view

This is our analysis of public information, not an official programme rule.

Since applications for the SIP-5B Vault Manager Challenge are closed, it is not something a new participant can act on today. The realistic standing routes are Holder Points from keeping $DUSD in the Perps Wallet or Vault, Trading/Loser Points from perps trading, and Community Maker Yield from two-sided limit orders within 10 bps. Emissions dropped after the final halving on August 10, 2026 but are not expected to fall further, so continuing to hold and trade at low cost is reasonable rather than rushing. Anyone providing two-sided liquidity should check the new per-pair trading session and off-session multiplier parameters taking effect August 16, 2026, 18:00 ET before starting.

Security & risks

Verified security information

Audit firm WatchPug has published reports for $DUSD's Solana and EVM versions and Highway's EVM version, though audit dates are not publicly disclosed. No major incidents have been confirmed to date. On August 6, 2026, the official X account warned users about fake TGE information and phishing links.

Key risks

  • StandX's own token launch timing, supply and allocation remain unconfirmed.
  • The team describes itself as self-funded, with no disclosed vetting by external investors.
  • Point emissions dropped after the final halving on August 10, 2026, with no further increases planned.
  • Applications for the SIP-5B Community Vault Manager Challenge are closed; new entrants cannot join.
  • The audit date for WatchPug's reports is not publicly known, so it's unclear if they reflect the current code.
  • $DUSD is a stablecoin but is not perfectly pegged at $1.00, with an ATH of $1.039.
  • The official X account has warned about fake TGE information and phishing links.

Recent moves on X

Only posts about joining or distribution, shown as posted. Click through for the original.

What's next

The official X account has announced expansion of SIP-5 Universal Markets (permissionless markets), participation in a Solana Colosseum hackathon, and DeFi liquidity expansion through a partnership with Spark Finance. Deepening liquidity for gold, silver and other perp markets such as XAU-USD is also cited as a near-term priority. Community Maker Yield is set to gain per-pair trading session support on August 16, 2026, 18:00 ET.

Visit the official site

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