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Paradex
Paradex is a Starknet appchain incubated by Paradigm, running an off-chain matching engine with on-chain settlement and ZK proofs. It is unusual in offering perpetual options and pre-launch futures alongside standard perps.
$8.29M
Open interest
$9.32M
24h volume
83
Live markets
1m ago
Last refresh
polled live
Mechanics
How it works
Matching happens off-chain for speed; state transitions are proven and settled to Ethereum via Starknet. Cross-margin is unified across perps and options in a single portfolio-margin account, which is rare among DEXs.
Risk
What to watch
Sequencer centralisation and the newness of the portfolio margin engine are the main risks. Options liquidity is much thinner than perps.
Incentives
Points and tokens
Paradex XPactive
Paradex awards XP across trading, liquidity provision and its vault products, accumulating toward a future token.
How to earn Earn XP from perp volume, options market making, and depositing into Paradex vaults.
Markets
What Paradex lists
Deepest first.