Key Metrics - July 2024

TLDR

In case you missed the updates over the course of July, here's a quick recap of this past month’s key accomplishments:

🌉 Cross-Chain Bridges 
👛 Native Starknet Wallet Support
🫴 Transfer USDC between Paradex Accounts
📱 Launched our installable Mobile App

‍

Product Updates

Cross Chain Bridging

‍

This July, we proudly launched our first cross chain bridging integration with Layerswap and RhinoFi. This will allow users to move tokens from one blockchain to another, facilitating the flow of value and liquidity across disparate ecosystems. With these partnerships, we're taking a significant step forward in enhancing our ecosystem and offering more flexibility to our users.

‍

Native Starknet Wallet Support

‍

As Paradex operates as an appchain, there were no existing methods for communication between Starknet and Paradex. To address this, we have extended key generation to Starknet accounts, enabling your connected Starknet wallet (Argent and Braavos) to deterministically derive a Paradex Account. Take the opportunity to join the Ecosystem Rewards Hub by using your Argent or Braavos wallet, and earn some sweet Paradex Points. 

For more details, read here

‍

UI/UX Optimizations

We’re all about making your trading smooth as ever. This July, we launched some slick UI/UX upgrades:

‍

Transfer USDC between Paradex Accounts
You can now send USDC to your bff on Paradex. Simply head over to https://app.paradex.trade/portfolio, click on “Transfer” and key in the Paradex address that you would like to send USDC to and transfer! Easy peasy, now your frens can trade moarrrrrr!

‍

Sub-Accounts

We shipped this new feature which allows you to trade on a separate account with its own position management. If you're into taking big risks, you can now do so without worrying about liquidation affecting your collateral in other accounts. Your margin is also protected from the main account, so go ahead and unleash your wild side. To learn more about creating a sub-account, read here

‍

Advanced Order Type - Scaled Orders

For the pros out there, we’ve rolled out scaled orders! 🎉 Now you can set your desired parameters, total order size, number of orders, and end amount ratio. Not for the faint hearted 😉

‍

Mobile App
We’ve all felt the pain of typing "www" into a browser, so we’ve made it easier. Introducing the Paradex PWA—now you can install it on your desktop (Chrome only) and mobile (iOS and Android Chrome) for seamless browsing.

‍

Infrastructure Upgrades

Stabilized Funding Rates

Starting July 17, we’ve further stabilized funding rates by incorporating external rates. This adjustment ensures more reliable and consistent funding, giving you greater stability in your transactions.

‍

Community

Christmas in July

‍

This July, we brought Christmas to summer! Who says you can't get surprise gifts when it's hot out? Santa dropped some early presents for all the hardworking folks out there. We handed out a whopping 1.7M bonus OI points and 6.9M bonus TVL points! Check out the below table for the weekly participation deets. If you missed our sizzling summer fun this time, we’ve still got something for you. Read on below to find out.

‍

‍

Ecosystem Rewards Hub

‍

To celebrate the launch of our four new (plus one existing) ecosystem partners, we’ve cooked up an exhilarating Ecosystem Rewards Hub campaign just for you! Here's the deal: bridge or deposit 1,000 USDC (and hold it for at least 14 days) using Layerswap, RhinoFi, Argent, or Braavos wallet, then trade a minimum of $25K between July 4th and August 31st. Do that, and you’ll score 1,000 points and a 20% boost on your base points. Existing users of Pyth, Layerswap, RhinoFi, Argent, or Braavos can jump in. The countdown is on—don’t miss out!

‍

Tokyo Takeover: Community Meetup

‍

We recently had an epic hangout with our Japanese frens, and it was 🔥! Got some solid feedback straight from the source, and trust us, we’re on it. Community is everything to us—if we’re not listening to you, how can we level up? 💪 So keep those ideas coming, and let us know if you want us to bring the Paradex party to your country next! 🌍✈️

‍

Paradex Points

Points Recap

‍

Our points program is lighting up with fresh faces on the leaderboard! Major props to 0x3d61...ab12 for leading with a whopping 1,136,746 points. Shoutout to AutumnWhisper in second with 292,157 points and 0x6c3d...7ac4 in third with 281,015 points. Keep hustling for those points—your dedication fuels our community! 💪🚀

‍

Wrapping UP

That’s a wrap for July, but don’t go anywhere—there’s plenty more excitement coming your way! 🚀 Stay locked in for the latest updates and surprises.

‍

For the latest updates on Paradex, make sure to follow us on Twitter, Telegram, Discord.