Enotik
@enotik
Missed Hyperliquid? I think there is one more chance⬇️
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Enotik
@enotik
Introdusing Paradex - non-custodial, orderbook-based exchange built on Ethereum Layer 2. It brings the speed and efficiency of CEXs together with the self-custody and transparency of DeFi.
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Enotik
@enotik
Paradex uses a central limit order book (CLOB) model — similar to Binance or Coinbase — offering tighter spreads, deeper liquidity, and advanced order types. Paradex is non-custodial — you never give up control of your funds. Trades settle on-chain via smart contracts, ensuring full transparency and minimizing risk.
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Enotik
@enotik
Paradex is deployed on Starknet, a zk-rollup Layer 2 on Ethereum. This means users get the scalability and low fees of L2, with Ethereum-grade security underneath.
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Enotik
@enotik
What about rewards? Right now it's Season 2 — users can earn XP for each trade. XP is earned based on different parameters including open interest (OI), maker activity, liquidity, fees, etc. So your volume doesn’t matter. 4,000,000 XP is being dropped every week until the end of Season 2 (around July 31). XP will be converted to $DIME on TGE
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Enotik
@enotik
Introducing $DIME — the native token of Paradex Intended to fuel an open, on-chain financial system. It will be integral to trading, governance, and incentives across the Paradex platform. Token Distribution 20% allocated for the genesis airdrop, spanning multiple XP seasons. 26.6% reserved for ongoing community rewards post-airdrop. 5% for liquidity programs. 6% for the foundation budget. 25.1% for core contributors. 3.8% for future contributors and advisors. 13.5% allocated to Paradigm shareholders.
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Enotik
@enotik
Paradex also has its OG NFT collection: Shizopunks. The floor is currently 0.88 ETH. Every week, the team drops some NFTs to the most active community members.
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