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Meet XP - The New Meta for User Engagement

Last month, we threw out the old playbook and rebuilt our points system from scratch. The feedback from the community was clear: Points were tough to earn, had limited ways to stack, and were dominated by the big bois. We went back to work with one goal in mind – leveling the playing field and giving plebs a real shot.

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Enter XP

Xperience Points (XP) are the new universal metric to measure and reward user engagement on Paradex. XP isn’t just a number - it’s a quantitative system for rewarding every contr3ibution, big or small, to the Paradex ecosystem.

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Season 1 Features

Season 1 levels the playing field. We’ve expanded XP categories, boosted XP for easy-to-earn actions, and added new vault and options products, giving everyone a real shot at the top.

Expanded XP Categories: 3 new categories are launching with Season 1: Liquidation XP, Vault XP and Community XP (product quests, new market boosts, and more). There are now more ways to earn whether you’re a casual day trader or degen power user.

‍Boosted XP for Easy-to-Earn Categories: XP now has a more balanced distribution that favors Open Interest (OI) and Total Value Locked (TVL), so everyone has a fair shot at the leaderboard.

‍New Vaults and Option Products: We’re doubling the weekly XP pool to fuel engagement on new products, including Protocol Vaults, Community Vaults, and Perpetual Options.

‍Exiting Beta and Preparing for TGE: We’re ready to exit Beta and sooooar. Season 1 marks an important first step towards TGE.

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How to Stack XP

Open Interest XP → Keep trading positions open

‍Community XP → Refer friends, complete quests, share alpha and be active in Discord

‍TVL XP → Deposit collateral

‍Fee XP → Pay trading fees

‍Maker XP → Add liquidity

‍Vault XP → Deposit into Vaults

‍Liquidation XP → Get liquidated. Yes, that earns XP too!

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Season 1 Battle Pass

When: November 8, 2024 - January 31, 2025

‍Friday Drops: Secret multipliers to be revealed weekly!

‍Weekly XP Pool: 4 million points per week
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