DIME Utility

$DIME is the native token of the Paradex ecosystem.

Buybacks

Net revenue generated from protocol fees will be used to buy back $DIME and/or fund ecosystem growth initiatives. Buybacks are executed periodically (e.g. Daily TWAP) using available net revenue.

The account that conducts buybacks is 0x3f38009a58bfc930a399ef9670ee60b355d9d22ea79709f2243182989d16709 and its $DIME balance can be viewed here

Fee Discounts

$DIME fee discounts apply to Pro taker fees on Perps and Spot. See Trading Fees for the full schedule.

Pay Fees in $DIME

Pay fees in $DIME for a flat 40% discount on your Pro taker fees. Fees are deducted from your spot $DIME balance at the $DIME ↔ USDC mark price at transaction time.

Example

A Pro user who stakes 100K $DIME (15% staking discount) and pays fees in $DIME (40% $DIME fee discount) gets a total discount of 55% (15% + 40%), applied to their volume based Pro taker fee.

Stake $DIME

Stake $DIME for tiered Pro taker fee discounts on Perps & Spot, up to 30%.

Staking Tier$DIME StakedFee Discount
Base00%
Wood≥ 10K5%
Bronze≥ 50K10%
Silver≥ 100K15%
Gold≥ 500K20%
Platinum≥ 1M25%
Diamond≥ 2M30%

To unstake, submit an unstaking request at any time. A 24 hour cooldown follows, after which you must confirm to receive your funds.

Gas

$DIME is intended to be the gas token for Paradex Chain (DimeVM), a general-purpose smart contract platform powered by Cairo. DimeVM shares state with the Paradex Exchange, enabling a composable, high-throughput execution environment where onchain applications can interact with the liquidity and privacy infrastructure built on Paradex.