About Paradex (DIME)

What is Paradex (DIME) and why does it matter?

Paradex is a decentralized derivatives exchange built on Starknet’s first appchain. It supports perpetual futures, options, and spot trading, all with deep liquidity and Ethereum-level security. The DIME token powers the network as both gas and governance. So why does it matter? Because Paradex aims to bridge institutional trading standards with DeFi transparency, positioning itself as Starknet’s flagship appchain.

How is the DIME token allocated?

DIME has a fixed supply of 1 billion coins, with 57.6% reserved for the community. This includes 20% for airdrops, 26.6% for rewards, and 5% for liquidity programs. The foundation holds 6%, core contributors 25.1%, and advisors 3.9%. Paradigm shareholders own 13.4%. Worth noting: there are no inflationary emissions, so value capture depends on utility and governance demand rather than ongoing printing.

What makes Paradex’s vesting model unusual?

Instead of relying only on time-based schedules, Paradex ties 80% of team tokens to performance milestones. That means unlocks depend on measurable growth and ecosystem success. The remaining 20% vests traditionally through 2027–2028. Paradigm shareholder allocations follow cliff + linear schedules ranging from 6 to 24 months. Importantly, locked tokens can’t be sold OTC, shorted, or used as collateral.

Who funded Paradex and its ecosystem?

Paradex benefits from Paradigm’s $35M Series A raise at a $400M valuation, co-led by Jump Capital and Alameda Ventures. Other backers include Genesis, QCP, Nexo, IMC, Optiver, Akuna, GSR, DCG, and Dragonfly. You might wonder why this matters—because Paradigm’s institutional network already processes over $1B in daily trading volume, giving Paradex a deep liquidity advantage from the start.

What kind of community campaigns exist for DIME?

Paradex runs XP programs rewarding active users across two seasons (2024–2025). Participants earn points through trading, liquidity provision, vault deposits, and referrals. A massive 20% of supply is reserved for the Genesis Airdrop, distributed at the end of Season 2 based on XP earned. Referral rewards and vault integrations add extra earning channels. It’s one of the largest DeFi derivatives airdrops to date.

Where can users trade Paradex markets?

Trading happens natively on the Paradex Chain itself, not on external exchanges. The platform supports 565 pairs, including perpetual futures, options, and spot markets. Unlike AMMs, Paradex uses an order book model, offering better price discovery and lower slippage. Zero trading fees for retail, cross-margin support, and RPI orders filling inside CEX spreads all set it apart in the crypto trading space.

What’s on Paradex’s roadmap?

Paradex is more than just a derivatives venue. In Q1 2025 it’s launching XUSD, a yield-bearing synthetic dollar, alongside spot trading. Borrow/lend markets will integrate next, creating a unified account system. Later, Paradex Chain will open to external developers and even integrate AI-managed vaults. The big picture: combine institutional-grade infrastructure with DeFi-native innovation on a scalable Starknet appchain.

Are there risks users should keep in mind?

Yes—several. Starknet appchains are new, so Cairo smart contracts have less auditing depth than EVM chains. Regulatory risks loom large for DeFi derivatives, especially with leverage and options. Liquidity still depends on sustained market-maker participation. And while performance-based vesting aligns incentives, milestone timing creates unlock uncertainty. Finally, governance may be concentrated early due to Paradigm’s 13.4% stake and large team allocations.