Status (October 2026): Paradex launched its token, DIME, on March 5, 2026, with a genesis airdrop based on XP from the Pre-Season and Seasons 1 and 2. Eligible users could claim it in the Paradex app for two weeks. The claim period closed on March 19, 2026, and the 29 million DIME left unclaimed went to Paradex’s Ongoing Community Rewards pool. XP Season 3 has been live since February 1, 2026, with 4,000,000 XP shared out every week and no end date announced. Paradex says future seasons will be rewarded from that pool, but it has not given a date or amount for Season 3. Sources: Paradex Foundation, Paradex Foundation on X, Paradex XP docs.
Key Takeaways
- Paradex Network is an advanced perpetuals decentralized exchange designed to operate on a high-performance Layer-2 network.
- The project is incubated by Paradigm, a major institutional liquidity network in the crypto space, which gives it significant backing and access to trading expertise.
- Paradex is live on Mainnet. It started with perpetual futures and has since added options and spot markets, and it plans to decentralize progressively over time. Its token, DIME, launched in March 2026.
Disclaimer: Crypto airdrops are promotional events where tokens are distributed to existing holders of a cryptocurrency or to individuals who meet certain criteria. While airdrops can be a way to acquire tokens at no cost, they also involve risks. There’s no guarantee that the airdropped tokens will increase in value, and there may be associated fees or requirements. Additionally, airdrops can be susceptible to scams and phishing attempts. Always exercise caution and verify the legitimacy of any airdrop opportunity before participating.
What Is Paradex Network?
Paradex Network is an advanced Perpetuals DEX (decentralized exchange for perpetual futures trading) designed to operate on a high-performance Layer-2 network. It is built to enhance open finance by offering a self-custodial trading platform with deep liquidity, low fees, and fast transaction speeds. The project is incubated by Paradigm, a major institutional liquidity network in the crypto space, which gives it significant backing and access to trading expertise.
Paradex aims to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi), addressing issues like market trust (highlighted by the FTX collapse in 2022) and the demand for scalable, user-centric trading solutions. It is live on Mainnet and started with perpetual futures. It has since added options and spot markets, and it plans to decentralize progressively over time.
How To Earn Paradex XP In Season 3
Paradex Network is a cryptocurrency trading platform that rewards activity with XP. XP from the earlier seasons decided who received the DIME genesis airdrop. Paradex says future seasons will be rewarded from its Ongoing Community Rewards allocation, but Season 3 rewards have no date and are not guaranteed.
To join:
👉 STEP 1: Head over to https://app.paradex.trade/.
👉 STEP 2: Connect your Web3 wallet.
👉 STEP 3 (Safer Route): Head to the Vaults page and deposit USDC into a vault to earn Vault XP. Paradex’s own liquidity vault, launched as Gigavault, is now listed as DIME Multistrategy VTF (GigaVTF). Vault returns change over time and can be negative.
👉 STEP 4 (Riskier Route): Head to the Trade page and start trading on the platform.
👉 STEP 5: Follow official Paradex channels for news on Season 3 rewards.
Note:
In Season 3, XP is earned through the following activities:
- Trading and paying trading fees.
- Providing liquidity (spread, depth, uptime, maker volume).
- Maintaining open trading positions.
- Depositing collateral as trading margin or into Paradex Vaults.
- Getting liquidated.
- Trading regularly, referring friends, exploring new products and features, publishing community research, sharing insights, and staying active on Discord.
