> For clean Markdown of any page, append .md to the page URL.
> For a complete documentation index, see https://docs.paradex.trade/llms.txt.
> For AI client integration (Claude Code, Cursor, etc.), connect to the MCP server at https://docs.paradex.trade/_mcp/server.

# DIME Utility

## 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](https://app.paradex.trade/dime-fund)

## Fee Discounts

\$DIME fee discounts apply to **Pro taker fees on Perps and Spot**. See [Trading Fees](/trading/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 Staked | Fee Discount |
| ------------ | ------------- | ------------ |
| Base         | 0             | 0%           |
| Wood         | ≥ 10K         | 5%           |
| Bronze       | ≥ 50K         | 10%          |
| Silver       | ≥ 100K        | 15%          |
| Gold         | ≥ 500K        | 20%          |
| Platinum     | ≥ 1M          | 25%          |
| Diamond      | ≥ 2M          | 30%          |

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.