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Binance Sign Up Promotion

Paradex

What is Paradex?

Paradex is a decentralized perpetual exchange (DEX) built on Base, a Layer 2 network. The platform offers self-custodial trading with an on-chain risk engine designed for capital efficiency. This means all derivative transactions and complex trading logic are validated directly on the Layer 2 network, ensuring security and transparency.

The project has received backing from notable crypto investment firms including Jump Trading and Dragonfly Capital, positioning it as a significant player in the decentralized derivatives trading space. Paradex focuses on providing traders with advanced perpetual trading features while maintaining the benefits of decentralization.

Paradex Airdrop Details

Paradex has announced that Season 1 of their points program will end on January 2, 2025. While the platform currently operates a points system, they have recently indicated plans to launch their token. The points program includes both fixed and variable rewards based on user activity, trading volume, and liquidity provision.

Users can earn points through various activities:

  • Up to 700,000 fixed points based on fee-paying trading volume share
  • Up to 300,000 points weekly for providing liquidity to order books
  • 10-20 points for maintaining open interest and TVL
  • Additional points through the referral program
Step-by-Step Guide:

How to Participate in the Paradex Airdrop

  1. Get USDC on Base
    • Bridge ETH to Base network using Rhino
  2. Access Paradex
    • Visit the Paradex App
    • Connect your wallet
    • Ensure you’re on the Base network
  3. Deposit Funds
    • Use LayerSwap to bridge your USDC to Paradex Layer 2
    • Bridge fees are approximately $0.10
  4. Start Trading
    • Focus on BTC trading pairs for better liquidity
    • Manage your positions carefully using appropriate leverage
    • Consider using a hedging strategy on other platforms to minimize risk
  5. Provide Liquidity (Optional)
    • Contribute to order book liquidity to earn additional points
    • Points are awarded based on maker trading volume
  6. Set Up Referrals
    • Click on “Earn” in the menu
    • Find your referral link
    • Share with others to earn 10% from invited users’ activity

Maximizing Your Points

  • Trade consistently to accumulate fee-paying volume
  • Consider becoming a liquidity provider for additional points
  • Maintain active positions to earn variable points
  • Use the referral program to boost your earnings
  • Monitor your point accumulation through the platform dashboard

Risk Management Tips

  • Start with smaller positions to understand the platform
  • Use appropriate leverage based on your experience
  • Set clear take-profit and stop-loss levels
  • Consider hedging strategies to manage risk
  • Monitor your positions regularly

Frequently Asked Questions

When does Season 1 end?

Season 1 of the points program concludes on January 2, 2025.

What are the requirements for the affiliate program?

Users need either $50 million in 30-day referral volume or 5,000+ social media followers.

How are points calculated?

Points are awarded based on trading volume, liquidity provision, and general platform activity, with both fixed and variable components.

Can I participate from any country?

Check your local regulations regarding derivatives trading before participating.

The Paradex points program offers multiple ways to participate in the platform’s growth. By following this guide and maintaining consistent activity, users can position themselves for potential future token distributions while engaging with a decentralized perpetuals trading platform.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!

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Max. Participants

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