Minnow Traders
@minnowtraders
1. Project Overview What is the PARADEX? PARADEX is a decentralized perpetual exchange built to provide fast, secure, and self-custodial trading of perpetual contracts. It operates on a Layer 2 blockchain, ensuring low fees, efficient liquidity, and superior trading performance. Why PARADEX is important? Paradex addresses the growing demand for decentralized finance (DeFi) solutions after the collapse of centralized exchanges like FTX. It combines the reliability of traditional finance with the transparency and security of DeFi, making it a robust option for modern traders.
1 reply
0 recast
1 reaction
Minnow Traders
@minnowtraders
2. Team & Backers Who’s behind PARADEX? Key Team Member : Anand Gomes: Cofounder & CEO at Paradex, Paradigm. Key Backers : Paradigm, Jump Capital, Dragonfly Capital, Digital Currency Group, many other leading crypto investors,
1 reply
0 recast
0 reaction
Minnow Traders
@minnowtraders
3. Technology & Features What’s the tech stack? Paradex is a decentralized perpetual exchange (DEX) that leverages advanced technologies to provide a seamless and efficient trading experience. Its tech stack includes: - Layer 2 Integration - Appchain Architecture - Cairo Programming Language - Self-Custodial Design - On-Chain Risk Engine - High-Performance Infrastructure This robust tech stack positions Paradex as a leading platform in the decentralized finance (DeFi) space, offering users a secure, efficient, and user-friendly environment for perpetual futures trading. Key features of Paradex - User-Friendly Interface - Advanced Vaults - Referral Program - XP Point Program
1 reply
0 recast
1 reaction
Minnow Traders
@minnowtraders
4. What is the XP Points Program? What is XP Point? Xperience Points (XP) are the new universal metric for measuring and rewarding user engagement on Paradex. XP isn’t just a number it’s a quantitative system for rewarding every contribution, big or small, to the Paradex ecosystem. How can we earn XP Points? - Fee XP → Pay trading fees - Maker XP → Add liquidity - Open Interest XP → Keep trading positions open - Vault XP → Deposit into Vaults - TVL XP → Deposit collateral - Community XP → Trade actively, refer friends, use new features, publish community research, share alpha, and be active in Discord.
1 reply
0 recast
1 reaction
