Paradex Launches 4-Week Perpetual Options Trading Competition
Paradex Launches 4-Week Perpetual Options Trading Competition
🎲 Degen Mode Activated
Paradex has announced a 4-week trading event focused on Perpetual Options, offering 700,000 XP in weekly rewards. In related news, the platform distributed 4M XP across 8,425 wallets for Week 14 activity (Apr 4-10), showing a 4% week-over-week decrease.
Key distributions:
- 350,000 XP to Perpetual Options traders
- 167,916 XP to VIP Affiliates
- Special NFT airdrops to active traders
Trading volume has reached $75M in 24H, positioning Paradex among top 10 derivatives DEXs.
XP Season 2 Week 31 Update
Paradex distributed 4M XP across 5,962 wallets (-14% week-over-week) for Aug 1-7 activity. Key highlights: - 85,527 XP allocated to VIP Affiliates - 750,000 XP dedicated to improving platform liquidity - 5,000 XP awarded to KaitoAI Yappers & Cookie Voices - Multiple accounts caught spoofing RPI access were penalized - 90% store discounts issued to active traders Platform continues focus on rewarding genuine trading activity while maintaining strict policies against abuse. Taker volume remains incentivized with rebates up to 1bp.
Paradex Lists Multiple New Trading Pairs
Paradex, the Starknet-based derivatives exchange, has expanded its offerings with several new trading pairs in recent weeks: - Latest addition: **$MYX** (August 7) - Recent listings include **$PROVE**, **$OMNI**, **$ZORA**, **$SPK**, **$DRIFT** - Earlier July listings: **$MOG**, **$CRV**, **$ES**, **$PUMP** All new pairs are available for perpetual trading on [Paradex's trading platform](http://app.paradex.trade). *Trading pairs are listed in USD-PERP format, enabling users to trade these assets against USD with leverage.* Visit [app.paradex.trade](http://app.paradex.trade) to start trading.
Paradex Lists TST Token for Perpetual Trading
Paradex, a Starknet-based derivatives exchange, has expanded its offerings by listing TST for perpetual trading. This follows their recent additions of VIRTUAL and LTC pairs in January. - New trading pair: TST-USD-PERP - Available on [Paradex trading platform](http://app.paradex.trade/trade/TST-USD-PERP) - Joins existing assets including ETH, BTC, SOL, VIRTUAL, and LTC The platform continues to grow its perpetual futures offerings, providing more trading options for users on their high-performance DEX infrastructure.
XP Season 1 Distribution Details Announced
Paradex has announced the weekly distribution of 4M XP for Season 1, with allocations across multiple categories: - Fee (30%), Maker (10%), OI (25%), TVL (15%) - Community engagement (15%) - Liquidations (5%) **Key Features:** - Vault depositors earn XP through Fee, Maker, OI, and TVL pools - Protocol vaults offer 3x XP boost - Up to 600k weekly XP for community activities - 200k XP allocated for liquidations - Undistributed XP rolls over to next week Join Discord for updates on quests and bonus opportunities.