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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.
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Minnow Traders pfp
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,
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Minnow Traders pfp
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
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Minnow Traders pfp
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.
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Minnow Traders pfp
Minnow Traders
@minnowtraders
5. Step to get started with Paradex? Steps: 1️⃣. Go to Paradex: https://app.paradex.trade/r/minnowtraders 2️⃣. Connect wallet: You can choose EVM Wallet or Starknet.
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Minnow Traders
@minnowtraders
3️⃣. After connecting the wallet it will ask to Generate a Paradex Chain wallet & Click on Continue & sign 2 transactions, Now you have successfully generated a wallet. 4️⃣. Now Create Your Public Username: Set any username you want & click on save.
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Minnow Traders
@minnowtraders
5️⃣. Connect social accounts: Now go to settings by clicking on the address on the right top, Now you can see the option to connect your Twitter (X) account & Discord connect both. It will help the team to eliminate Sybil & fairly distribute the XP points.
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Minnow Traders
@minnowtraders
6️⃣. Deposit fund: Now click on the Deposit option at the right top. You have to select the chain and then enter the amount. Now you have two bridge options to bridge funds to the Paradex Chain wallet one is RhinoFi & the other is Layerswap you can choose as per your wish. (Layerswap has low fees) After bridging you have successfully deposited the funds.
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Minnow Traders pfp
Minnow Traders
@minnowtraders
You can now Trade in more than 80 markets or deposit funds into the Vaults for a high APR interest of around 50% in the protocol vault. There is also the option of Vault-Traded Funds and user Vaults, but you can choose according to your risk tolerance. Join Discord: https://discord.gg/paradex Follow on Twitter (X): https://x.com/tradeparadex Different activities you can follow to earn XP: - Organic Trading, Vault Deposits, Collateral Deposit - Community XP for referring friends, using new features sharing content related to Paradex & activity in Discord.
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Minnow Traders pfp
Minnow Traders
@minnowtraders
6. Project roadmap - Upcoming Product Feature: - Perpetual Options - A new way to gamble 😈 - Spot Trading + Multi-collateral (any crypto as collateral) - XUSD (yield-bearing synthetic dollar) - Intent-based RFQ trading (via app.paradigm.trade) - Isolated Margin - AI-Agents that manage Paradex Vaults 7. Benefits of Engaging Early - Potential rewards for being an early user. - Gaining experience with cutting-edge tech. - Positioning yourself for governance and influence in the ecosystem. Early adopters always win. Don’t miss out on this one! 🚀🚀🚀
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