How does Paradex work?

Paradex is a decentralized perpetual and options trading platform built as an independent Layer 2 appchain on Starknet, leveraging zk-rollup technology for scalability and security. It combines centralized finance (CeFi) liquidity with DeFi transparency and self-custody, validating all business logic and risk management fully on-chain. This architecture delivers fast, capital-efficient trading with low fees and composable smart contract support.

Is Paradex a secure platform?

Paradex uses zero-knowledge proofs to ensure the correctness of all transactions, anchoring state updates to Ethereum for robust security. All margin and liquidation logic is enforced by smart contracts on-chain, and user assets remain self-custodial except when actively traded. While the operator currently controls block proposals, the platform is designed to minimize solvency risks and is regularly audited for transparency and safety.

Users can connect a compatible wallet, bridge assets from Ethereum or other supported chains using native or third-party bridges, and trade directly from their wallets on Paradex. The platform supports unified margin, cross-margin, and isolated-margin trading, with a responsive UI for perpetuals and options markets. Developers and advanced users can also interact with Paradex’s smart contract ecosystem to build vaults and structured strategies.

What services does Paradex offer?

Paradex offers on-chain perpetual futures, options trading, multi-collateral margining, and advanced risk management tools, all within a high-throughput, low-fee environment. The platform also provides asset management, borrowing/lending, and programmable vault strategies, enabling composable DeFi applications. Its ecosystem is designed for both institutional and retail users, with over 250 markets and robust liquidity.

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What is Paradex

Paradex is an Ethereum Layer 2 exchange built on StarkWare’s ZK-rollup technology, offering native DEX functionalities without requiring users to bridge funds to a separate chain. It enables fast, gas-free trading of Ethereum-based assets directly from users’ self-custodial wallets, ensuring on-chain settlement and off-chain order matching for performance. The platform integrates deeply with the Starknet ecosystem while maintaining Ethereum-level security through zero-knowledge proofs.

Benefits of using Paradex

Paradex benefits from ultra-low transaction costs, instant execution, and high throughput while preserving self-custody and minimizing slippage. It eliminates the complexity of bridging or switching networks, allowing a seamless user experience for active traders. By leveraging ZK-rollups, it ensures scalability without compromising decentralization or security.

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FAQ

Frequently Asked Questions

How does Paradex work?
Paradex is a decentralized perpetual and options trading platform built as an independent Layer 2 appchain on Starknet, leveraging zk-rollup technology for scalability and security. It combines centralized finance (CeFi) liquidity with DeFi transparency and self-custody, validating all business logic and risk management fully on-chain. This architecture delivers fast, capital-efficient trading with low fees and composable smart contract support.
Is Paradex a secure platform?
Paradex uses zero-knowledge proofs to ensure the correctness of all transactions, anchoring state updates to Ethereum for robust security. All margin and liquidation logic is enforced by smart contracts on-chain, and user assets remain self-custodial except when actively traded. While the operator currently controls block proposals, the platform is designed to minimize solvency risks and is regularly audited for transparency and safety.
How to use Paradex?
Users can connect a compatible wallet, bridge assets from Ethereum or other supported chains using native or third-party bridges, and trade directly from their wallets on Paradex. The platform supports unified margin, cross-margin, and isolated-margin trading, with a responsive UI for perpetuals and options markets. Developers and advanced users can also interact with Paradex’s smart contract ecosystem to build vaults and structured strategies.
What services does Paradex offer?
Paradex offers on-chain perpetual futures, options trading, multi-collateral margining, and advanced risk management tools, all within a high-throughput, low-fee environment. The platform also provides asset management, borrowing/lending, and programmable vault strategies, enabling composable DeFi applications. Its ecosystem is designed for both institutional and retail users, with over 250 markets and robust liquidity.

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